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Business EconomyPosted at: Feb 13 2025 12:29PM


SGLTL Q3 FY25 consolidated net profit increased to Rs 1589.20 lakhs

Hyderabad, Feb 13 (UNI)Standard Glass Lining Technology Limited (SGLTL), a premier engineering solutions provider, announcing its first ever-third quarter financial results following a listing on the NSE and BSE, said that its consolidated net profit increased to Rs 1589.20 lakhs for the third quarter ended on December 31,2024 from Rs 1247.45 lakhs in the corresponding period last year.
Revenue from operations during the quarter increased to Rs 14,013.97 lakhs against Rs 13,765.23 lakhs in the corresponding period last year, the Hyderabad-based company said in a release here on Wednesday evening.
However, for 9-months FY25, the company’s consolidated net profit raised 45 percent to Rs 5,216.02 lakh against Rs 3,588.35 lakh in the corresponding period last year while for nine months, revenue from operations also increased to Rs 44,733.48 lakhs from Rs 34,232.52 lakhs in the corresponding period in the previous year.
Despite a slight sequential quarter seasonal dip in Q3 ( Q3FY25 Rs 1247.45 lakhs from Rs 2090.54 lakhs in the previous quarter) due to employee leave during the festive period, our 9M FY25 performance remains strong, reinforcing our position as a leading player in the industry, the company claimed.
The company successfully raised Rs 210 crores in the IPO, fueling growth initiatives and took possession of S2 Unit 5 (100,000 sq. ft.), the operations are expected to commence by February end.
Endeavor to establish a new subsidiary in the USA to strengthen our exports, set for completion by Q4 FY25, the release said.
Commenting on the company’s performance, Nageswara Rao Kandula, Managing Director , Standard Glass Lining Technology Limited, stated: "This quarter marks a historic milestone for Standard Glass, as we announce our first earnings report post-IPO. The overwhelming response from investors has been truly humbling, and we are proud to report strong revenue growth of 33 percent YoY and industry-leading EBITDA margins at 20 percent” .Beyond financial success, we are laser-focused on innovation and market expansion”.
With the launch of Shell & Tube Glass-Lined Heat Exchangers and other advanced technologies, we are unlocking an estimated Rs 2,000 crore opportunity in India. Backed by cutting-edge technology from our investor AGI Inc. Japan, we are poised to transform the industry, enhance productivity, and drive long-term value for our stakeholders, he said.
As we move forward, our commitment remains clear—to deliver profitable, sustainable growth while continuously setting new industry benchmarks. The future of Standard Glass Lining is brighter than ever, he added.
UNI KNR BD
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