HLE Glascoat Ltd ( (IN:HLEGLAS) ) has shared an update.
HLE Glascoat Limited reported its unaudited financial results for the quarter and nine months ending December 31, 2024, highlighting a stable performance driven by a strong order book. The company achieved a 5.0% year-on-year growth in revenue for the nine months, with EBITDA and PAT reflecting increases of 5.2% and 15.5%, respectively. The acquisition of a 26% stake in Clean Max Anchorage Private Limited is anticipated to enhance the company’s renewable energy usage and reduce costs, aligning with its sustainability goals. Furthermore, the recent acquisition of a share in Kinam Engineering Industries has been incorporated into the financial performance, and the company is awaiting approval for the amalgamation with Kinam Enterprise Private Limited, which could broaden its market reach and product portfolio.
More about HLE Glascoat Ltd
HLE Glascoat Limited is a company involved in the specialized manufacturing of chemical process equipment, including filtration, drying, heat transfer, and glass-lined equipment.
YTD Price Performance: -14.16%
Average Trading Volume: 12,260
Current Market Cap: 21.43B INR
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