Net profit of HLE Glascoat declined 75.57% to Rs 3.00 crore in the quarter ended December 2023 as against Rs 12.28 crore during the previous quarter ended December 2022. Sales rose 11.70% to Rs 239.30 crore in the quarter ended December 2023 as against Rs 214.23 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales239.30214.23 12 OPM %10.3112.05 - PBDT19.0122.96 -17 PBT11.6817.35 -33 NP3.0012.28 -76 Powered by Capital Market - Live News

HLE Glascoat has received revision in credit ratings from ICRA as under:Fund based cash credit (Rs 189.08 crore) - ICRA A; Stable (reaffirmed)Term loans (Rs 190.42 crore) - ICRA A; Stable (reaffirmed) Non fund based letter of credit / bank guarantee (Rs 136 crore) - ICRA A2+ (reaffirmed) Short term derivative limits (Rs 2 crore) - ICRA A2+ (assigned) Powered by Capital Market - Live News

Net profit of HLE Glascoat declined 48.22% to Rs 10.03 crore in the quarter ended September 2023 as against Rs 19.37 crore during the previous quarter ended September 2022. Sales rose 4.61% to Rs 224.42 crore in the quarter ended September 2023 as against Rs 214.53 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales224.42214.53 5 OPM %11.7916.33 - PBDT24.0833.07 -27 PBT18.0227.60 -35 NP10.0319.37 -48 Powered by Capital Market - Live News

HLE Glascoat has acquired 35.56% stake in Kinam Engineering Industries for the consideration of Rs 79.97 crore and 33,407 equity shares representing 0.5% of the equity share capital of Kinam Enterprises for the consideration of Rs 0.03 crore.Powered by Capital Market - Live News

HLE Glascoat announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2023.Powered by Capital Market - Live News