HLE Glascoat's Q2 profit rises 15% to ₹16.02 crore while revenue slips 1%
HLE Glascoat, a maker of glass-lined chemical equipment, reported unaudited consolidated profit of ₹16.02 crore for July to September 2026, up from ₹13.96 crore a year earlier, with revenue of ₹346.65 crore, about 1% lower.
HLE Glascoat, a company that makes glass-lined equipment (steel vessels coated with glass, used by chemical and pharmaceutical plants), reported consolidated profit of about ₹16.02 crore for the July to September 2026 quarter (Q2 of the financial year 2026-27, called FY27). A year earlier it was about ₹13.96 crore, a rise of about 15%. Revenue from operations was about ₹346.65 crore, about 1% lower than ₹350.78 crore a year earlier. “Consolidated” means the figures include the company and its subsidiaries.
The numbers
| Metric (₹ crore, consolidated) | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 346.65 | 350.78 | -1% |
| Profit before tax | 20.70 | 19.16 | +8% |
| Profit for the period | 16.02 | 13.96 | +15% |
| Earnings per share (₹) | 2.06 | 1.76 | +17% |
- Profit for the period is what remains after all costs and tax. Earnings per share is that profit divided by the number of shares.
- The results are unaudited. The board took them on record on 2 November 2026, and, according to the Multibagg report, the statutory auditors issued an unqualified review report.
First half of the year (April to September)
| Metric (₹ crore, consolidated) | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 647.41 | 634.72 | +2% |
| Profit for the period | 18.07 | 31.82 | -43% |
The first quarter (April to June 2026) therefore contributed about ₹2.05 crore of profit and about ₹300.75 crore of revenue, calculated from the half-year total less the second quarter. Q2 revenue was about 15.3% higher than in that first quarter.
Other items reported
- Order book: the headline of an Equitybulls report says the order book “crosses record Rs. 1,000 crore”. The exact figure and date could not be confirmed from the report itself or the company’s filing, so none is given here.
- Standalone figures (one report, Whalesbook): these cover the parent company alone. Revenue was about ₹165.50 crore (₹193.08 crore a year earlier) and profit about ₹4.55 crore (₹8.04 crore a year earlier).
- Capital spending (one report): the board approved up to ₹45 crore to set up a heavy engineering manufacturing unit at Adas, Anand, Gujarat.
Basis of these figures
The primary source (HLE Glascoat’s results filing on NSE and BSE) could not be found or opened when this article was prepared, so every figure is attributed to the news reports listed above. The Q2 and half-year table figures come from the Multibagg report, which gives them to four decimal places; the standalone and capex details come from the Whalesbook report; the order book headline comes from the Equitybulls report. Amounts are in ₹ crore (1 crore = 10 million). Percentages were recalculated from the figures: 16.0197 against 13.9573 is +14.8%, 346.6542 against 350.7752 is -1.2%, 20.7043 against 19.1561 is +8.1%, 2.06 against 1.76 is +17.0%, 647.4051 against 634.7220 is +2.0%, and 18.0735 against 31.8223 is -43.2%.