Standard Glass Lining Tech posts Rs 15.89 Cr Profit In Q3

Hyderabad: City-based Standard Glass Lining Technology Ltd announcing its first-ever third quarter financial results following a listing on the NSE and BSE, said that it has registered profit of Rs 15.89 crore for third quarter of financial year’25, ended on December 31, 2024, compared to Rs 12.47 crore in Q3 of FY’24 with an year-on-year increase.

The manufacturer posted y-o-y increase in its total income at Rs 14,283 lakh in Q3 of FY’25, as against Rs 13,783 lakh in the previous financial year.

Nageswara Rao Kandula, Managing Director, Standard Glass Lining Technology Ltd, said: "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 per cent YoY, and industry-leading EBITDA margins at 20 per cent.”

The manufacturer of glass-lined, stainless steel, and nickel-alloy-based equipment had raised Rs210 crore Through IPO. Standard Glass Lining Technology took possession of one lakh capacity S2 Unit 5, and is likely to commence operations by end of February. The company is also establishing a new subsidiary in the USA to strengthen its exports, which is set for completion by the fourth quarter of FY25.

Kandula further added, “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 enhance productivity and drive long-term value for our stakeholders. As we move forward, our commitment remains to deliver profitable,

sustainable growth."