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HLE Glascoat Limited Q2 FY26 earnings call summary

NSE: HLEGLAS · BSE: 522215

Earnings call of 12 Nov 2025, summarised by AI from the filing.

EBITDA margin expected at ~16% for overall business in H2 FY26.

Key takeaways

  1. H2 margin guidance EBITDA margin expected at ~16% for overall business in H2 FY26.
  2. Omeras acquisition Completed acquisition of Omeras Global business, funded by internal accruals; initial losses impacted margins.
  3. Margin pressure Margins impacted by competitive pricing on past orders and Omeras initial losses; expected to improve.

Original filing on BSE

HLE Glascoat Limited Q1 FY27 results

As filed: Revenue ₹301 cr (+6% year on year), EBITDA ₹20.9 cr (−45% year on year), PAT ₹2.1 cr (−89% year on year), EBITDA margin 7.0% (−642 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹392 cr (+17% year on year), EBITDA ₹42.8 cr (−18% year on year), PAT ₹20.1 cr (−37% year on year), EBITDA margin 10.9% (−463 bps). Score 38 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 463 bps year on year. Share price after the results: +26.9% in 30 days (Nifty 500: +2.9%).
  • Q3 FY26: Revenue ₹327 cr (+41% year on year), EBITDA ₹21.1 cr (−16% year on year), PAT ₹4.6 cr (−38% year on year), EBITDA margin 6.5% (−436 bps). Score 35 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin fell 436 bps year on year. Other income 96% of PBT. Tax rate -26%. Consolidated profit -54% but standalone +30%. Share price after the results: −22.3% in 30 days (Nifty 500: −7.8%).
  • H1 FY26: Revenue ₹635 cr, EBITDA ₹76.0 cr, PAT ₹32.0 cr, EBITDA margin 12.0%. Not scored. No consolidated results for the same half-year last year to compare yet (consolidated revenue ₹635 cr). Scored once a year-earlier consolidated half-year exists. Share price after the results: −22.8% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹284 cr (+25% year on year), EBITDA ₹38.0 cr (+81% year on year), PAT ₹18.0 cr (+260% year on year), EBITDA margin 13.4% (+413 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 413 bps year on year. Revenue fell 15% from last quarter. Share price after the results: +28.1% in 30 days (Nifty 500: +1.9%).
  • Q4 FY25: Revenue ₹334 cr (+9% year on year), EBITDA ₹52.0 cr (+44% year on year), PAT ₹32.0 cr (+113% year on year), EBITDA margin 15.6% (+384 bps). Score 84 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 384 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +43.1% in 30 days (Nifty 500: +0.3%).
  • Q3 FY25: Revenue ₹231 cr (−3% year on year), EBITDA ₹25.0 cr (+4% year on year), PAT ₹10.0 cr (+67% year on year), EBITDA margin 10.8% (+78 bps). Score 39 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it; profit growth was well above it. EBITDA margin rose 78 bps year on year. Tax rate 9%. Consolidated profit +67% but standalone -89%. Profit fell 29% from last quarter.
  • Q2 FY25: Revenue ₹236 cr (+5% year on year), EBITDA ₹35.0 cr (+30% year on year), PAT ₹14.0 cr (+40% year on year), EBITDA margin 14.8% (+278 bps). Score 61 of 100, In line with trend. EBITDA margin rose 278 bps year on year. Consolidated profit +40% but standalone -100%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

HLE Glascoat Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.