HLE Glascoat share price hits 20% upper circuit

Revenue from the Glass-Lined Equipment segment jumped 31.5% YoY, while the Filtration, Drying, and Other Equipment and Heat Transfer Equipment segments registered a degrowth of 5.3% and 9.2%, respectively. On the operating front, EBITDA improved by 44% YoY to ₹52 crore, with margins expanding by 400 basis points to 16%. Its order book as of 31st March 2025 stood at ₹57,506.2 lakhs, providing good visibility for enhanced future performance. The company said it continues to receive inquiries for orders for all segments.