Latest news with #StandardGlassLiningTechnologyLtd
Hans India
4 days ago
- Business
- Hans India
Standard Glass Lining reports 38% jump in profit
New Delhi: Standard Glass Lining Technology Ltd has reported strong financial results for the first quarter of FY26, driven by healthy revenue growth, improved margins, and strategic global expansion. Nageswara Rao Kandula, Managing Director of SGLTL, said: 'We are pleased with our continued healthy performance this quarter, which reflects our unwavering commitment to our customers, investors, and all stakeholders. Improved execution has enabled us to deliver solid margins while expanding our global footprint. Our focus on innovation and product diversification is beginning to bear fruit in customer appreciation and market acceptance.' The company posted a total income of Rs178 crore, up 23.6 per cent year-on-year (YoY). EBITDA grew by 31.9 per cent YoY to Rs35 crore, with an EBITDA margin of 19.5 per cent. Profit After Tax (PAT) came in at Rs21 crore, marking a 37.6 per cent YoY increase, while Profit Before Tax (PBT) reached Rs28 crore, up 39.6 per cent YoY. The PAT margin stood at 11.9 per cent. During the quarter, the company entered into a long-term agency agreement with Singapore-based BioCon Solutions Pte Ltd. This agreement will facilitate the export of SGLTL's manufactured products to customers across Singapore, Indonesia, Malaysia, and Thailand, significantly strengthening its presence in Southeast Asia. The partnership leverages SGLTL's manufacturing expertise and BioCon's established distribution network. In a further push towards international expansion, SGLTL has also incorporated a wholly owned subsidiary, Standard Engineering Inc., in South Carolina, USA. This entity will serve the Industrial Products and Process Equipment segment and aims to enhance customer proximity and supply chain responsiveness across the North American market.
Hans India
15-05-2025
- Business
- Hans India
Standard Glass ties up with Japanese firms
Hyderabad: Standard Glass Lining Technology Ltd (SGLTL), a city-based engineering company recently listed on NSE and BSE, has announced a partnership with Japan's AGI Group and its affiliate GL Hakko to manufacture the world's first glass-lined shell and tube heat exchangers in India. Under the terms of a 20-year exclusive licensing agreement, SGLTL will assemble and market GL HAKKO's advanced heat exchangers domestically—a major technological leap for India's pharmaceutical and chemical manufacturing sectors. This collaboration marks India's entry into a highly specialized product segment that, until now, was completely dependent on imports. 'This is a historic opportunity,' said Nageswara Rao Kandula, Managing Director of SGLTL. 'Partnering with AGI and GL HAKKO—pioneers in glass-lined technology—is not just a milestone for our company, but a win for the entire Indian industry. We are now the first and only manufacturer of this product in India.' The global market for glass-lined shell and tube heat exchangers is estimated at over $2 billion, with the Indian market pegged at Rs2,000 crore. These exchangers offer significant advantages over traditional graphite-based systems, including enhanced corrosion resistance, longer life cycles, and improved safety for critical process applications.
Mint
14-05-2025
- Business
- Mint
Small-cap stock below ₹200 Standard Glass, jumps after THIS business update
Stock Market today: Small-cap stock below ₹ 200 Standard Glass, saw a sharp jump during intraday trades on Wednesday . Standard Glass Lining Technology Ltd announced this business update. Check here for details Small-cap stock below ₹ 200 Standard Glass Lining Technology Ltd in its intimation the National Stock Exchange of India and the BSE Ltd (Bombay Stock Exchange) on Wednesday 14 May 2025, about new product launch. As per Small-cap stock below ₹ 200 Standard Glass said that that the Company is launching a new product, which is Glass Lined Shell and Tube Heat Exchangers, effective from May 14, 2025. The product referred to by Standard Glass Lining Technology has been developed in collaboration with AGI Group, Japan, utilizing their advanced technology. It is designed to overcome the limitations of conventional graphite heat exchangers by providing enhanced durability, corrosion resistance, and operational safety for critical process applications, said Standard Glass Lining Technology. The company also highlighted that this historic partnership gives Standard Glass Lining Technology, a 20-year exclusive license to manufacture and sell GL HAKKO's top-notch glass-lined shell and tube heat exchangers in India. This is an extremely important development that places Standard Glass Lining Technology on the worldwide innovation map in this industry. Small-cap stock below ₹ 200 Standard Glass Lining Technology highlighted that India's pharmaceutical and chemical industries have long relied on graphite heat exchangers—an aging technology known for particle contamination and batch failures. In contrast, glass-lined shell and tube heat exchangers deliver superior durability, corrosion resistance, and process safety, representing a game-changing upgrade for critical process applications. Small-cap stock below ₹ 200 Standard Glass Lining Technology share price opened at ₹ 156.10 on the BSE on Wednesday. At the time of opening Standard Glass share price was higher more than 2% compared to the previous day's closing price of ₹ 152.90. Standard Glass share price thereafter gained further to intraday highs of ₹ 162.75,, which meant strong gains of more than 6% during the intraday trades.
Mint
14-05-2025
- Business
- Mint
Small-cap stock below ₹200 Standard Glass, jumps after THIS business update
Stock Market today: Small-cap stock below ₹ 200 Standard Glass, saw a sharp jump during intraday trades on Wednesday . Standard Glass Lining Technology Ltd announced this business update. Check here for details Small-cap stock below ₹ 200 Standard Glass Lining Technology Ltd in its intimation the National Stock Exchange of India and the BSE Ltd (Bombay Stock Exchange) on Wednesday 14 May 2025, about new product launch. As per Small-cap stock below ₹ 200 Standard Glass said that that the Company is launching a new product, which is Glass Lined Shell and Tube Heat Exchangers, effective from May 14, 2025. The product referred to by Standard Glass Lining Technology has been developed in collaboration with AGI Group, Japan, utilizing their advanced technology. It is designed to overcome the limitations of conventional graphite heat exchangers by providing enhanced durability, corrosion resistance, and operational safety for critical process applications, said Standard Glass Lining Technology. The company also highlighted that this historic partnership gives Standard Glass Lining Technology, a 20-year exclusive license to manufacture and sell GL HAKKO's top-notch glass-lined shell and tube heat exchangers in India. This is an extremely important development that places Standard Glass Lining Technology on the worldwide innovation map in this industry. Small-cap stock below ₹ 200 Standard Glass Lining Technology highlighted that India's pharmaceutical and chemical industries have long relied on graphite heat exchangers—an aging technology known for particle contamination and batch failures. In contrast, glass-lined shell and tube heat exchangers deliver superior durability, corrosion resistance, and process safety, representing a game-changing upgrade for critical process applications. Small-cap stock below ₹ 200 Standard Glass Lining Technology share price opened at ₹ 156.10 on the BSE on Wednesday. At the time of opening Standard Glass share price was higher more than 2% compared to the previous day's closing price of ₹ 152.90. Standard Glass share price thereafter gained further to intraday highs of ₹ 162.75,, which meant strong gains of more than 6% during the intraday trades. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
