On May 28 2024, HLE Glascoat Limited, a company specialising in producing chemical process equipment, filtration, drying, heat transfer, and glass-lined equipment, disclosed its audited financial outcomes for the quarter and fiscal year ending March 31, 2024.
In the fourth quarter of the fiscal year 2023-24, HLE Glascoat Limited reported revenue from operations amounting to ₹30,689.8 lakh, reflecting a modest increase of 2.9% compared to last year. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹3,845.4 lakh with a margin of 12.5%. It indicates healthy operational performance. The company’s Profit After Tax (PAT) was ₹1,480.2 lakh, yielding a margin of 4.8%.
| Particulars (₹ lakh) | Q4 FY24 | Q4 FY23 | Y-o-Y | FY24 | FY23 |
| Revenue from operations | 30,689.8 | 29,834.2 | 2.9% | 96,792.0 | 93,202.3 |
| EBITDA | 3,845.4 | 4,730.4 | -18.7% | 12,087.7 | 14,507.3 |
| EBITDA % | 12.5% | 15.9% | -340 bps | 12.5% | 15.6% |
| Profit before tax and exceptional items | 2,116.7 | 3,256.0 | -35.0% | 6,398.7 | 9,932.8 |
| Profit for the year (PAT) | 1,480.2 | 2,278.8 | -35.0% | 4,088.9 | 6,980.7 |
| PAT % | 4.8% | 7.6% | -280 bps | 4.2% | 7.5% |
As of March 2024, HLE Glascoat Limited showcased significant operational achievements. The company boasted a robust order book valued at ₹47,936.07 lakh. Additionally, the Board approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat Limited. It will help enhance the company’s control over Kinam Engineering Industries Private Limited to a 70% stake.
In the fourth quarter of the fiscal year 2023-24, the consolidated revenue reached ₹30,689.8 lakh, marking a 2.9% year-on-year growth. EBITDA amounted to ₹3,845.4 lakh, accompanied by an EBITDA margin of 12.5%. The Profit After Tax totalled ₹1,480.2 lakh, with a PAT margin of 4.8% during Q4FY24.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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