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HLE Glascoat Ltd Q2FY24; 42% fall in Profits

HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country.

Financial Results:

  • HLE Glascoat Ltd reported Revenues for Q2FY24 of ₹224.00 Crores up from ₹215.00 Crore year on year, a rise of 4.19%.
  • Total Expenses for Q2FY24 of ₹210.00 Crores up from ₹189.00 Crores year on year, a rise of 11.11%.
  • Consolidated Net Profit of ₹11.00 Crores down 42.11% from ₹19.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.47, down 48.24% from ₹2.84 in the same quarter of the previous year.

Tags: Glass
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