Latest news with #Kinam
&w=3840&q=100)
Business Standard
20-05-2025
- Automotive
- Business Standard
These 2 smallcap industrial products stock zoom 20% on strong Q4 results
Share price of Honda India Power Products and HLE Glascoat today: Shares of Honda India Power Products (₹2,805) and HLE Glascoat (₹362.75) were locked in the upper circuit of 20 per cent on the BSE in Tuesday's intra-day trade after these smallcap companies reported strong earnings for the quarter ended March 2025 (Q4FY25). In comparison, the BSE Sensex was up 0.11 per cent at 82,146 at 09:25 am. However, currently, the share price of Honda India Power Products is trading 38 per cent below its 52-week high of ₹4,494 touched on October 9, 2024. Shares of HLE Glascoat are quoting 31 per cent lower from their 52-week high price of ₹524, hit on July 2, 2024. Track LIVE Stock Market Updates Here HLE Glascoat Q4 results In Q4FY25, the company's profit after tax (PAT) has more than doubled year-on-year (Y-o-Y) to ₹31.64 crore, as against ₹14.80 crore in Q4FY24. Earnings before interest, taxes, depreciation and amortisation (Ebitda) margins have improved 380 basis points (bps) to 16.3 per cent from 12.5 per cent in the year-ago quarter. Revenue grew 8.7 per cent Y-o-Y to ₹333.71 crore from ₹306.90 crore. The company said a robust orderbook as on March 31, 2025, of ₹575.06 crore provides good visibility for enhanced future performance. The company continues to receive enquiries for orders for all segments. Furthermore, the company's subsidiary Kinam commenced its first deliveries in the oil and gas sector, opening new avenues for growth, the management said. Honda India Power Products Q4 results The company reported a 129 per cent Y-o-Y jump in PAT at ₹36.16 crore, as compared to ₹15.80 crore in Q4FY23. Revenue grew 16 per cent Y-o-Y at ₹268.68 crore, as against ₹231.16 crore in the corresponding quarter of the previous year. Demand for portable generators for applications like drone charging, camping for leisure and recreational purposes, besides weather-related disturbances, is expected and will help the company to maintain its dominant position in the portable generator category. Normal portable power backup demand and use of generators for new applications will help the company to maintain its leadership position in the generator category, according to Honda India Power Products. Construction mechanisation, through portable engines running applications and farm mechanisation products such as engines, water pumps, brush cutters, power tillers and crop harvesters, will accelerate the shift to mechanisation with decreasing farm labour and will fuel the demand for portable machinery. Expected continuity in Government support will provide much-needed support for our product portfolio and offerings. The infrastructure sector in India is expected to generate better momentum in the next few years due to increased investment in infrastructure such as national highway facilities, warehousing, airports and urban/rural housing projects, the company said in its FY24 annual report. About Honda India Power, HLE Glascoat Honda India Power is primarily engaged in manufacturing and marketing portable gensets, water pumps, general-purpose engines, lawn mowers, brush cutters, tillers and marine engines. The company manufactures and markets portable generating (PG) sets (inst. cap.: 175000 pa), general-purpose engines, and water pumps. HLE Glascoat is engaged in the specialised business of manufacturing chemical process equipment. The Company's key product segment has been Filtration and Drying Equipment. The flagship products in this segment are Agitated Nutsche Filters and Dryers. Today, the HLE brand is synonymous with filtration and drying in the Indian Chemical and API industries. The Company also manufactures specialised glass-lined equipment like reactors, columns, heat exchangers, filters and dryers. HLE Glascoat's customers are spread across the agrochemicals, speciality chemicals, dyes and pigments, API and pharmaceutical industries.
Mint
20-05-2025
- Business
- Mint
HLE Glascoat share price hits 20% upper circuit after net profit doubles in Q4, touches 3-month high
HLE Glascoat share price in focus on May 20: HLE Glascoat share price locked in a 20% upper circuit on Tuesday, May 20, hitting a 3-month high of ₹ 362 apiece, after investors cheered the company's strong March quarter (Q4FY25) performance. The company, in its post-market announcement on Monday, reported a 113% YoY jump in consolidated net profit to ₹ 32 crore, while revenue from operations rose to ₹ 334 crore, up from ₹ 307 crore in the same quarter last year. 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. For the financial year 2024–25 (FY25), HLE Glascoat reported a consolidated revenue of ₹ 1,027.6 crore, registering a year-on-year growth of 6.2%. The company's EBITDA stood at ₹ 140.9 crore, reflecting a 16.6% increase over the previous year, with the EBITDA margin at 13.7%. Profit after tax (PAT) came in at ₹ 61.77 crore, marking a strong 51.1% year-on-year growth, with a PAT margin of 6.0%. Meanwhile, the board has proposed a dividend of 55% ( ₹ 1.10 per equity share) for FY2024-25. Commenting on the results, Mr. Himanshu K. Patel, Managing Director, said, "We continued to reinforce our position as a trusted partner to India's chemical and pharmaceutical industries, both of which are benefiting from structural tailwinds such as increased global outsourcing, supply chain diversification, and rising domestic demand." "We also made significant strides on our strategic priorities. The inauguration of our state-of-the-art Center of Excellence in Anand, Gujarat, marks a key milestone in enhancing customer engagement, accelerating innovation, and deepening technical capabilities. Furthermore, our subsidiary Kinam commenced its first deliveries in the oil & gas sector, opening new avenues for growth," he further stated. After witnessing a steady downward trend, HLE Glascoat shares made a comeback in March with a 3% gain amid a broader recovery in the Indian stock market. The momentum extended into the following months, with the stock gaining another 9% in April and rising 33.31% so far in the current month. Despite the strong rebound, HLE Glascoat's share price remains down by 76% from its all-time high of ₹ 1,510, recorded in October 2021. The company is engaged in the specialized business of manufacturing chemical process equipment. Its key product segment is filtration and drying equipment. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
