Commonplace Glass Lining Expertise Restricted (SGLTL) reported a 33 per cent year-over-year income development to ₹45,493.22 lakh for the primary 9 months of FY25, in its first earnings announcement since going public. The Hyderabad-based firm’s revenue after tax grew 45 per cent to ₹5,215.86 lakh, with an EBITDA margin of 20.09 per cent.
The corporate, which just lately raised ₹210 crores via its IPO, introduced plans to ascertain a U.S. subsidiary by This fall FY25 to spice up exports. SGLTL has additionally taken possession of a brand new 100,000 sq. ft. facility (S2 Unit 5), anticipated to start operations by February-end.
SGLTL unveiled plans to launch a number of new merchandise, together with Shell & Tube Glass-Lined Warmth Exchangers and Excessive Conductivity Glass-Lined Reactors, focusing on an estimated ₹2,000 crore market alternative in India. The corporate’s managing director, Nageswara Rao Kandula, famous that these merchandise will incorporate know-how from their strategic investor, AGI Inc. Japan.
Certainly one of India’s high three producers of glass-lined tools, SGLTL serves the pharmaceutical, chemical, and specialty industries. The corporate reported a slight sequential dip in Q3 efficiency, which it attributed to worker leaves in the course of the festive season.
