HLE Glascoat announced that the Board of Directors of the Company at its meeting held on 27 May 2024, inter alia, have recommended the final dividend of Rs 1.1 per equity Share (i.e. 55%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of HLE Glascoat declined 56.43% to Rs 9.93 crore in the quarter ended March 2024 as against Rs 22.79 crore during the previous quarter ended March 2023. Sales rose 2.87% to Rs 306.90 crore in the quarter ended March 2024 as against Rs 298.34 crore during the previous quarter ended March 2023.For the full year,net profit declined 57.47% to Rs 29.69 crore in the year ended March 2024 as against Rs 69.81 crore during the previous year ended March 2023. Sales rose 3.85% to Rs 967.92 crore in the year ended March 2024 as against Rs 932.02 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales306.90298.34 3 967.92932.02 4 OPM %11.8914.87 -11.5814.70 - PBDT28.1238.35 -27 90.30122.03 -26 PBT21.1732.56 -35 63.9999.33 -36 NP9.9322.79 -56 29.6969.81 -57 Powered by Capital Market - Live News

HLE Glascoat will hold a meeting of the Board of Directors of the Company on 27 May 2024Powered by Capital Market - Live News

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