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Earnings Summary Of HLE Glascoat Limited For Q3 FY23

HLE Glascoat Limited (NSE: HLEGLAS) is a leading Indian manufacturer of glass-lined equipment for the pharmaceutical and chemical industries. The company’s product portfolio includes reactors, columns, dryers, heat exchangers, and storage tanks, among others. HLEGLAS has a global presence, with customers in over 50 countries across the Americas, Europe, Asia, and Africa.

Revenue from Operations for Q3 FY23 was ₹214.22 crore, a 38% increase from ₹154.73 crore in the same period last year. The Filtration, Drying & Other Equipment segment generated a total of ₹77.21 Crore in revenue, or 36% of the total revenue. The Glass Lined segment accounts for 63% of revenue in Q3 FY23. A total of ₹134.47 Crore were contributed by this segment, a sharp incline of 70% from the same quarter last year. The Unallocable segment which reported revenue of ₹2.53 Crore, accounted for the remaining percent of the overall Revenue. The Consolidated Net Profit was ₹12.27 crore, up 58% from ₹7.75 crore in the same quarter last year. Earnings per Share is ₹0.04 for this quarter.

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