Interest and depreciation cut HLE Glascoat's operating profit to Rs 4.37 cr PBT
Other income contributed to pre-tax profit, but a 52.98% tax rate left consolidated net profit at Rs 2.05 cr.
Filed 10 Aug 2026, 17:58 IST · after market close · HLEGLAS (HLEGLAS)
Key takeaways
- Consolidated operating profit of Rs 20.93 cr was reduced to Rs 4.37 cr before tax by interest of Rs 8.36 cr and depreciation of Rs 9.90 cr.
- Other income of Rs 1.70 cr was a meaningful part of profit before tax of Rs 4.37 cr, while the 52.98% tax rate further limited net profit.
- The company reported consolidated net profit of Rs 2.05 cr and EPS of Rs 0.40, with no market reaction yet because the results were filed after close.
Operating profit did not translate into much pre-tax earnings
HLE Glascoat reported consolidated revenue of Rs 300.75 cr and operating profit of Rs 20.93 cr for Q1FY27. Interest of Rs 8.36 cr and depreciation of Rs 9.90 cr absorbed much of that operating profit, leaving profit before tax at Rs 4.37 cr.
Other income and tax shaped reported profit
Other income of Rs 1.70 cr was a meaningful component of the Rs 4.37 cr pre-tax profit, so reported earnings were not solely driven by operations. Tax of Rs 2.31 cr, equivalent to a 52.98% tax rate, reduced consolidated net profit to Rs 2.05 cr and EPS to Rs 0.40.
No comparison or market response is available yet
The results were filed after market close on 10 August 2026, and there is no reported stock reaction yet.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹301 cr |
| Other income | ₹2 cr |
| Expenses | ₹280 cr |
| Operating profit | ₹21 cr |
| Operating margin (%) | 6.96% |
| Interest | ₹8 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹4 cr |
| Tax | ₹2 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.40 |
What to watch
- Whether operating profit remains sufficient to absorb interest of Rs 8.36 cr and depreciation of Rs 9.90 cr.
- Whether operating margin stays above 6.96%.
- Whether the tax rate moves below 52.98% and improves conversion from pre-tax profit to net profit.