Standard glass lining technology limited aggressive .. 33 % increase in revenue

Standard Glass Lining Technology Limited (SGLTL) has announced the results of the first quarter after its listing. In the first nine months of this financial year, the company has paid the rupee. 454.93 crores.

This indicates an increase of 33% compared to the same period last year. In addition, Ebitda increased by 42% to Rs. 91.37 crore. The increase of 46% in PBT is Rs. 71.30 crores. After tax (PAT), PAT also increased by 45% to Rs. 52.15 crores. Despite some slight decrease due to the festive season, SGLTL is strong for 9 months.

Release of new products

The company has also launched several new products. The company has released shell and tube-line heat exchanges which are very useful for drug and chemical industries. These will greatly improve the reliability of operations, the company said.

SGLTL has also released high conductive glass-line reactor, low-leitching, high-dimensional resistant reactors, advanced PTFE-line equipment and components. The company hopes that these products will bring new changes in the Indian industry.

Recently IPO was successfully conducted by SGLTL RS. 210 crores. With these funds, the company will speed up expansion plans. The company, which has already owned the S2 Unit 5 (100,000 sq ft), will soon start operations there. Apart from this, steps are also being taken to set up a new subsidiary in the USA.

This is MD reaction

“This is a historic time for us. We are announcing the results after IPO. We have received a wonderful response from investors. We have achieved a strong growth.”

“We believe that we can create an opportunity of Rs 2,000 crore in India with new products,” he said. SGLTL Japan -bringing new technology to India with an AGI. The company is one of the leading companies that manufacture equipment for drug and chemical industries.