HLE Glascoat Q2 FY27 consolidated revenue Rs 346.65 cr; PAT Rs 16.02 cr

What the numbers show

• Net margin was 4.62% of revenue, up 64 bps from 3.98%.

• Revenue from operations (consolidated, quarter ended 30-Sep-26): Rs 346.65 cr (Q2 FY26: Rs 350.78 cr)

• Total income (I+II): Rs 348.98 cr (Q2 FY26: Rs 352.71 cr)

• Total expenses: Rs 328.28 cr (Q2 FY26: Rs 330.48 cr)

• Cost of materials consumed: Rs 171.08 cr (Q2 FY26: Rs 167.62 cr)

• Changes in inventories of finished goods, work-in-progress and stock-in-trade: Rs (26.72) cr (Q2 FY26: Rs 5.07 cr)

• Power and fuel: Rs 11.43 cr (Q2 FY26: Rs 12.11 cr)

• Labour charges: Rs 30.21 cr (Q2 FY26: Rs 26.33 cr)

• Employee benefits expense: Rs 72.92 cr (Q2 FY26: Rs 61.68 cr)

• Finance costs: Rs 8.39 cr (Q2 FY26: Rs 9.33 cr)

• Depreciation and amortisation expense: Rs 9.89 cr (Q2 FY26: Rs 8.60 cr)

• Other expenses: Rs 51.07 cr (Q2 FY26: Rs 39.75 cr)

• Profit before exceptional and extraordinary items and tax: Rs 20.70 cr (Q2 FY26: Rs 22.23 cr)

• Exceptional items: Rs - (Q2 FY26: Rs 3.08 cr)

• Profit before tax: Rs 20.70 cr (Q2 FY26: Rs 19.16 cr)

• Tax expense – Current tax: Rs 5.14 cr (Q2 FY26: Rs 6.90 cr)

• Tax expense – Current tax in relation to earlier year: Rs - (Q2 FY26: Rs 0.467 cr)

• Tax expense – Deferred tax: Rs (0.4528) cr (Q2 FY26: Rs (2.17) cr)

• Profit for the period: Rs 16.02 cr (Q2 FY26: Rs 13.96 cr)

• Earnings per equity share – Basic: Rs 2.06 (Q2 FY26: Rs 1.76)

• Earnings per equity share – Diluted: Rs 2.06 (Q2 FY26: Rs 1.76)

According to the statement of consolidated financial results for the quarter ended 30-Sep-26, revenue from operations was slightly lower year-on-year at Rs 346.65 cr versus Rs 350.78 cr in the corresponding quarter of the previous year. Total income moved in line, at Rs 348.98 cr compared with Rs 352.71 cr a year earlier.

On the cost side, cost of materials consumed increased to Rs 171.08 cr from Rs 167.62 cr, while changes in inventories of finished goods, work-in-progress and stock-in-trade swung to Rs (26.72) cr from Rs 5.07 cr. Employee benefits expense rose to Rs 72.92 cr from Rs 61.68 cr, and labour charges increased to Rs 30.21 cr from Rs 26.33 cr. Other expenses also rose to Rs 51.07 cr from Rs 39.75 cr. Finance costs declined to Rs 8.39 cr from Rs 9.33 cr, and depreciation and amortisation expense increased to Rs 9.89 cr from Rs 8.60 cr.

Profit before exceptional and extraordinary items and tax stood at Rs 20.70 cr for the quarter, compared with Rs 22.23 cr in the year-ago quarter. There were no exceptional items in the current quarter, versus Rs 3.08 cr in Q2 FY26. Profit before tax was Rs 20.70 cr against Rs 19.16 cr a year earlier. After current tax of Rs 5.14 cr and deferred tax of Rs (0.4528) cr, profit for the period came in at Rs 16.02 cr, up from Rs 13.96 cr in the corresponding quarter. Basic and diluted EPS for the quarter were both reported at Rs 2.06, compared with Rs 1.76 in Q2 FY26.