Standard Glass Lining Technology Limited (SGLTL) reported a 33 per cent year-over-year revenue growth to ₹45,493.22 lakh for the first nine months of FY25, in its first earnings announcement since going public. The Hyderabad-based company’s profit after tax grew 45 per cent to ₹5,215.86 lakh, with an EBITDA margin of 20.09 per cent.
The company, which recently raised ₹210 crores through its IPO, announced plans to establish a U.S. subsidiary by Q4 FY25 to boost exports. SGLTL has also taken possession of a new 100,000 sq. ft. facility (S2 Unit 5), expected to begin operations by February-end.
SGLTL unveiled plans to launch several new products, including Shell & Tube Glass-Lined Heat Exchangers and High Conductivity Glass-Lined Reactors, targeting an estimated ₹2,000 crore market opportunity in India. The company’s managing director, Nageswara Rao Kandula, noted that these products will incorporate technology from their strategic investor, AGI Inc. Japan.
One of India’s top three manufacturers of glass-lined equipment, SGLTL serves the pharmaceutical, chemical, and specialty industries. The company reported a slight sequential dip in Q3 performance, which it attributed to employee leaves during the festive season.