After Raising Rs 210 Cr From IPO This Recently Listed Stock Posts Strong Q3 Results

After a successful listing on the NSE and BSE, Standard Glass Lining Technology Limited (SGLTL) released its first-ever Q3 financial results. In comparison to the year-ago quarter, which ended in December 2023, Standard Glass Lining Technology's net profit increased by 25.02% to Rs 14.99 crore in the quarter that concluded in December 2024. Compared to Q3FY24, which ended in December 2023, when sales were Rs 137.65 crore, sales in the quarter ending in December 2024 increased by 1.81% to Rs 140.14 crore.

In the 9M of FY25, the company's total revenue was Rs 45,493.22 lakh, up 33% year on year, while its EBITDA was Rs 9,137.93 lakh, growing 42% year on year, with a margin of 20.09%. In 9M FY25, the company's profit before tax (PBT) was Rs 7,130.71 lakh, increasing 46% YoY, while its profit after tax (PAT) was Rs 5,215.86 lakh, up 45% YoY, with a margin of 11.47%. The company's cash flow from operations for the 9M FY25 period was Rs 600 lakh.

"Despite a slight sequential quarter seasonal dip in Q3 due to employee leave during the festive period, our 9M FY25 performance remains strong, reinforcing our position as a leading player in the industry," said Standard Glass Lining Technology in a stock exchange filing.

Mr. Nageswara Rao Kandula, MD of 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% YoY and industry-leading EBITDA margins at 20%. 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 ₹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. 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."

Standard Glass Lining Technology made a respectable debut on Dalal Street last month on January 13, 2025, when its shares were listed on the BSE for Rs 176 each, representing a premium of Rs 36 or 25.7% over the issue price of Rs 140. Standard Glass Lining shares were listed for Rs 172 each on the National Stock Exchange (NSE), representing a premium of Rs 32, or 22.8%, over the issue price. An offer for sale (OFS) of up to 1.43 crore shares and an additional issuance of equity shares valued at Rs 210 crore were part of the Rs 410.05-crore IPO. The standard Glass Lining IPO had a lot size of 107 shares and was priced between Rs 133 and Rs 140 per share. Subscriptions for the public offering were accepted from Monday, January 6, 2025, through Wednesday, January 8, 2025.

Standard Glass Lining Technology Limited (NSE: SGLTL, BSE: 544333) is a leading provider of engineering solutions and is ranked among the top three producers of machinery made of nickel alloy, stainless steel, and glass for the pharmaceutical, chemical, and speciality industries, with experience in design, manufacture, and turnkey solutions.