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HLE Glascoat Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹347 Cr −1.1% YoYSee revenue, profit and what management said. You are viewing Q1 FY26.
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HLE Glascoat

Q1 FY26Industrial Manufacturing

HLE Glascoat Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹284Cr
+25.1% YoY
−15% QoQ
Net profit
₹18Cr
+260% YoY
−43.7% QoQ
Margin
13%
+3 pp YoY
−3 pp QoQ
Price₹319
Market cap₹2.3K Cr
P/E57.8

The short version

HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12). HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% considering the current order book (Page 12).

From HLE Glascoat's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12).
  • OMERAS acquisition will add incremental growth over this base but will not be included in the 20% calculation (Page 12).
  • For OMERAS, 12-month revenues are expected to be between €20 million and €25 million in FY '27, as FY '26 will reflect only partial consolidation and transition (Page 11-12).
  • Capacity utilization at OMERAS is currently below 50%, indicating scope for growth without major CAPEX (Page 8).
  • Execution timelines for projects vary from 5-6 months for smaller orders to over 2 years for larger orders (Page 15).

2 more points from HLE Glascoat's call on revenue

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Profitability & Margins

HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20%…

Locked: what HLE Glascoat said on margins

Also locked on this page: fundraising

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Capital Expenditure Plans

  • No major CAPEX required from a capacity point of view as current installed capacity utilization at OMERAS is below 50% (Page 17).
  • Incremental CAPEX might be needed for balancing equipment and maintenance but no immediate major CAPEX planned (Page 8).
  • Land available for future expansion (~21,000 sq. meters), but no immediate plans to build more capacity (Page 8).
  • Expansion to be organically leveraged without significant fresh capital outlay (Page 17).
  • Acquisition financed entirely from internal accruals; no additional debt taken (Page 16).

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Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

Guidance-ranked
1Syrma SGS Technology
Rev 1Mar 2
2ICE Make Refrigeration
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No new debt has been raised for the recent acquisition of OMERAS; it was entirely financed through…

Locked: what HLE Glascoat said on fundraising

Also locked on this page: margins

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Order Book & Pipeline

  • Current order book of OMERAS is roughly around €7 million (page 7).
  • There is an inquiry pipeline of about €28 million under negotiation, which will be executed over 12-18 months (page 7).
  • The order book is partially executed already (page 6).
  • Orders include a mix of tanks and facades; biogas is still under discussion and not included in these numbers (page 7).

2 more points from HLE Glascoat's call on order book

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HLE Glascoat — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

HLE Glascoat Q1 FY26 results — key figures

HLE Glascoat Q1 FY26 reported results vs Q1 FY25, ₹ crore
₹ CrQ1 FY26Q1 FY25YoYQ4 FY25QoQ
Revenue284227+25.1%334-15%
Operating profit (EBITDA)3822+72.7%52-26.9%
Operating margin13%10%+3 pp16%-3 pp
Profit before tax237+228.6%37-37.8%
Net profit (PAT)185+260%32-43.7%
EPS (₹)2.160.50+332%2.98-27.5%

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹347 Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What HLE Glascoat's management said in earlier quarters

Earlier calls (8)

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Frequently Asked Questions

What were HLE Glascoat Q1 FY26 results?

HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% based on current order book (Page 12). HLE Glascoat expects consolidated topline growth of 16%-18% annually, potentially closer to 20% considering the current order book (Page 12).

What is HLE Glascoat share price analysis?

HLE Glascoat currently shows a neutral. The stock trades at a P/E of 57.8 with a market cap of ₹2,276 Cr. Investors should review the full earnings analysis for detailed insights.

Is HLE Glascoat planning capital expenditure?

No major CAPEX required from a capacity point of view as current installed capacity utilization at OMERAS is below 50% (Page 17). - Incremental CAPEX might be needed for balancing equipment and maintenance but no immediate major CAPEX planned (Page 8). - Land available for future expansion (~21,000 sq.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.