HLE Glascoat Ltd

Investment in subsidiary

• Remitted €100,000 to HLE International S.a.r.l. on 17 August 2026.
• Cumulative capital remitted now €112,000 (includes €12,000 prior).

Investment in HLE International S.a.r.l. (Luxembourg)

• Target: HLE International S.a.r.l., Luxembourg-based wholly owned subsidiary.
• Total investment to date: €112,000 toward share capital (initial €12,000, plus €100,000 on Aug 17, 2026).
• Form of consideration: cash remittance toward share capital.
• Timeline: investment completed on August 17, 2026.
• Purpose/strategic rationale: not disclosed.
• Regulatory approvals: not disclosed.
• Background: incorporation date and turnover history not disclosed.

Overview

• Unaudited Q1 FY27 results for quarter ended 30 June 2026 announced.

Financial Highlights

• Revenue from operations ₹300.8 Cr; YoY +5.9%.
• EBITDA ₹22.6 Cr; EBITDA margin 7.5%.
• PAT ₹2.1 Cr; PAT margin 0.7%.
• Order book ₹662.1 Cr as of 30 Jun 2026; ₹713.8 Cr as of 31 Jul 2026.

Segment Performance

• Filtration, Drying and Other Equipment revenue ₹96.8 Cr; YoY -15.9%.
• Glass Lined Products revenue ₹193.1 Cr; YoY +49.0%.
• Heat Transfer Equipment revenue ₹10.6 Cr; YoY -72.6%.
• Filtration EBITDA ₹11.7 Cr.
• Glass Lined EBITDA ₹6.2 Cr.
• Heat Transfer EBITDA -₹4.1 Cr.

Operational & Outlook

• Order book remains healthy with ongoing enquiries across segments.
• Q1FY27 revenue grew 5.9% YoY; momentum expected to continue.
• Second half showing improvement; end-user demand improving; pipeline remains robust.
• Geopolitical and economic volatility caused temporary moderation; improvement seen in latter half.

Strategic / Corporate Developments

• Kinam Engineering: 70% ownership; effective 7 Aug 2023; NCLT approval received 14 Aug 2025.
• Thaletec GmbH acquired assets and global business of Omeras GmbH and OmeraStores GmbH in Aug 2025.

Financial highlights

• Revenue from operations ₹300.8 Cr; YoY +5.9%.
• EBITDA ₹22.6 Cr; margin 7.5%.
• PAT ₹2.1 Cr; margin 0.7%.

Order book

• Orderbook ₹662.1 Cr as at 30 Jun 2026; ₹713.8 Cr as at 31 Jul 2026.

Segment performance

• Filtration, Drying and Other Equipment revenue ₹96.8 Cr; EBIT ₹11.7 Cr.
• Glass Lined Products revenue ₹193.1 Cr; EBIT ₹6.2 Cr.
• Heat Transfer Equipment revenue ₹10.6 Cr; EBIT -₹4.1 Cr.

Strategic developments

• Kinam Engineering: 70% stake; acquisition effective Aug 7, 2023; NCLT approval Aug 14, 2025.
• Thaletec/Omeras: assets and global business of Omeras GmbH and shares of OmeraStores GmbH acquired Aug 2025.

Outlook and operations

• Temporary moderation due to geopolitical uncertainties; improvement in latter half; demand revival expected.
• Orderbook visibility supported by healthy enquiries across segments.

Financial highlights

• Standalone revenue from operations ₹150.9 cr in Q1 FY27.
• Standalone total income ₹162.1 cr; PAT ₹11.08 cr.
• Consolidated revenue ₹300.8 cr; PAT ₹2.05 cr.
• Standalone EPS ₹1.60; Consolidated EPS ₹0.40.
• Standalone PAT down to ₹11.08 cr from ₹15.41 cr.
• Consolidated PAT down to ₹2.05 cr from ₹17.87 cr.
• Segment revenue: Glass Lined ₹19,312.79 lakh; Filtration ₹9,680.58 lakh; Heat Transfer ₹1,055.37 lakh.
• Standalone PBT before tax ₹14.50 cr; Consolidated ₹4.37 cr.

Financial results approved

• Approved unaudited standalone and consolidated results for quarter ended 30-Jun-2026 with Limited Review Report.

AGM and governance actions

• Notice of 35th AGM approved; executives to decide date/time/venue.
• Cut-off and book-closure dates for AGM and dividend payment to be fixed.

Independent director continuation

• Mr. Yatish Parekh to continue as Independent Director; subject to shareholder approval at AGM.

Amalgamation with Kinam

• NCLT approved Kinam amalgamation; assets/liabilities vested under pooling of interests.
• Company issued 11,89,259 equity shares to Kinam shareholders.

Audit and regulatory disclosures

• Limited Review Report for Q1 FY2026-27 results; no material misstatement observed.