This small-cap industrial equipment maker’s stock is in focus as it jumped 4 percent after entering into a long-term agreement with a Singapore-based firm to export its manufactured products.
Share Price Movement
With a market capitalization of Rs. 2,695 Crore, the stock of Standard Glass Lining technology opened at Rs. 139.50, up 3.98 percent from yesterday’s close; the opening was also the high for the stock. Additionally, the stock has recently been listed on the secondary markets but has given a -30 percent return since its listing.
Update From Company
The company has entered into a long-term agreement with BioCon Solutions Pte Ltd, a Singapore-based firm. As part of this strategic partnership, the Company will export its manufactured products to customers of BioCon Solutions across designated territories, including Singapore, Indonesia, Malaysia, and Thailand.
This collaboration is expected to significantly boost the Company’s export volumes by tapping into BioCon’s established customer network in Southeast Asia. Moreover, the agreement is anticipated to contribute positively to the Company’s foreign revenue.
Financial Highlights
The company reported a 1.44 percent YoY increase in revenue from Rs. 138 Crore in Q3FY24 to Rs. 140 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 15.15 percent in revenue from Rs. 165 Crore in the previous quarter.
Their Net profit saw an increase of 33.33 percent YoY from Rs. 12 Crore to Rs. 16 core for the same period. On a QoQ basis, the company reported a decrease of 23.80 percent in Net profit from Rs. 21 Crore in the previous quarter.
About The Company
Standard Glass Lining Technology Limited (SGL), located in Hyderabad, Telangana, specializes in the manufacturing of glass-lined, stainless steel, and high-alloy based specialized engineering equipment and is a supplier of polytetrafluoroethylene (PTFE) lined pipelines and fittings.
The company primarily serves the Chemical, Pharmaceutical, Food, and fertilizer sectors. SGL operates through its eight manufacturing facilities spread across a built-up/floor area of over 400,000 sq.ft, strategically located in Hyderabad, Telangana. These facilities have a production capacity of over 300 vessels per month, ranging from 63 to 40,000 liters.
Written By Abhishek Das
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