HLE Glascoat Announces Audited Financial Results for Year Ended March 31, 2026
HLE Glascoat Limited announced key corporate actions and published its Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 18, 2026.During the Board Meeting, the company approved the Standalone and Consolidated Audited Financial Statements, which include the Balance Sheet as at March 31, 2026, Statement of Profit and Loss Account for the year ended on that date, and the Cash Flow Statement for the year ended March 31, 2026.
The Board also recommended a final dividend of 55% (Rs. 1.10 per equity share of Rs. 2 each) for the financial year 2025-26, which is subject to the approval of the shareholders at the forthcoming Annual General Meeting.
Key Financial Performance Indicators
The financial results for the year ended March 31, 2026, show significant top-line growth across the group.| Financial Metric | Standalone (Rs. in Lakhs) | Consolidated (Rs. in Lakhs) |
|---|---|---|
| Total Income | 73,903.67 | 1,03,575.28 |
| Total Expenses | 54,287.72 | 96,068.54 |
| Profit before Tax (PAT) | 4,883.49 | 7,094.72 |
| Basic Earnings per Share (EPS) | 5.55 | 7.20 |
In terms of the Balance Sheet, the Total Assets stood at 90,663.44 Lakhs for the Standalone basis and 1,38,179.92 Lakhs for the Consolidated basis as of March 31, 2026.
Segment Performance Analysis
HLE Glascoat provided segment revenue details, highlighting three core operational segments:| Segment | Year Ended March 31, 2026 (Revenue in Lakhs) | Year Ended March 31, 2025 (Revenue in Lakhs) |
|---|---|---|
| Glass Lined Products | 67,636.39 | 58,216.75 |
| Filtration, Drying and Other Equipment | 47,433.82 | 31,424.75 |
| Heat Transfer Equipment | 20,033.53 | 12,172.89 |
| Total Revenue | 1,35,297.94 | 1,02,753.33 |
The consolidated segment results reflected a total contribution to profit before interest and tax of 7,094.72 Lakhs for the year ended March 31, 2026.
Governance and Audit Appointments
The Board of Directors also reviewed and approved the re-appointment of statutory and internal auditors for the financial year 2026-27:* Internal Auditors:
* M/s. CNK & Associates LLP, Chartered Accountants, Vadodara, was re-appointed for the Anand Unit.
* M/s. AKMK & Associates, Chartered Accountants, Surat, was re-appointed for the Maroli and Silvassa Units.
* Cost Auditors: M/s. Nanty Shah & Associates, Cost Accountants, Surat, was re-appointed for the entire company for 2026-27.
Cash Flow and Strategic Movements
The Consolidated Cash Flow Statement reported a Net Cash from Operating Activities of 16,122.38 Lakhs for the year ended March 31, 2026.Major corporate activities included:
- Investment Activities: A purchase of PPE and business acquisitions totaling 8,590.56 Lakhs was recorded.
- Financing Activities: The company reported proceeds from long-term borrowings of 3,555.64 Lakhs, alongside repayments of term loans totaling 6,026.08 Lakhs.
Auditing Confirmation
The company confirmed that the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, were audited by M. M. Nissim & Co LLP, Chartered Accountants, who issued an audit report with an unmodified opinion.HLEGLAS Stock Price Movement
HLE Glascoat shares today slipped by 2.63%, settling at ₹309.00 in after-hours trading. The stock recorded a significant volume of 219,324 shares during the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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