HLE Glascoat Limited's Board of Directors met on 19 May 2025 to approve the audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 and recommend a dividend.
Key highlights from the results:
- Consolidated Revenue from operations for FY 2024-25 was ₹1,027.59 crore, up from ₹967.92 crore in FY 2023-24.
- Consolidated Profit After Tax (Attributable to Owners) for FY 2024-25 was ₹46.71 crore, significantly higher than ₹29.69 crore in FY 2023-24.
- For the quarter ended 31 March 2025, Consolidated Revenue was ₹333.71 crore, compared to ₹306.90 crore in the same quarter last year.
- Consolidated Profit After Tax (Attributable to Owners) for Q4 FY 2024-25 stood at ₹20.34 crore, a substantial increase from ₹9.93 crore in Q4 FY 2023-24.
- Standalone Revenue from operations for FY 2024-25 was ₹551.12 crore, down from ₹590.71 crore in FY 2023-24.
- Standalone Profit After Tax for FY 2024-24 was ₹16.39 crore, compared to ₹26.64 crore in FY 2023-24.
- For the quarter ended 31 March 2025, Standalone Revenue was ₹195.00 crore, compared to ₹165.60 crore in Q4 FY 2023-24.
- Standalone Profit After Tax for Q4 FY 2024-25 was ₹13.59 crore, significantly higher than ₹3.37 crore in Q4 FY 2023-24.
The Board recommended a dividend of ₹1.10 per equity share (55% on face value of ₹2 each) for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting.
Additionally, the Board approved the re-appointment of:
- Mr. Himanshu Patel as Managing Director, effective from 31 December 2025.
- Mr. Aalap Patel as Executive Director, effective from 31 December 2025.
- Mr. Harsh Patel as Whole-Time Director, effective from 1 October 2025.
- M/s. N. M. & Co. as Secretarial Auditors for five years (FY26 to FY30).
- M/s. CNK & Associates LLP and M/s. AKMK & Associates as Internal Auditors for FY26.
- M/s. Nanty Shah & Associates as Cost Auditors for FY26.
All director and secretarial auditor re-appointments are subject to shareholder approval.