Defence stock engaged in the business of design, development, manufacturing, and servicing different types of batteries, e-mobility, and other products jumped 11 percent in the day’s trade, following the release of its Q3FY24 results with a 232 percent jump in Net Profits.
With a market capitalization of Rs. 16,228 Crores, the shares of HBL Power Systems Limited were trading at Rs. 583.55, up 5.93 percent from its previous day’s close price of Rs. 550.90. It has delivered multibagger returns of 505 percent in a year.
Its revenue from operations grew by 80.23 percent YoY from Rs. 332.48 Crores in Q3FY23 to Rs. 599.25 Crores in Q3FY24 and it grew 7.66 percent QoQ from Rs. 556.57 Crores in Q2FY24 to Rs. 599.25 Crores in Q3FY24.
Its Net Profit grew by 232 percent YoY from Rs. 23.74 Crores in Q3FY23 to Rs. 79.04 Crores in Q3FY24 and it grew 15.10 percent QoQ from Rs. 68.67 Crores in Q2FY24 to Rs. 79.04 Crores in Q3FY24.
HBL Power Systems is engaged in the business of design, development, manufacturing, and servicing different types of batteries, e-mobility, and other products. Its business segments include industrial batteries, electronics, defense, and aviation batteries.
The company’s products have applications in telecom towers, rail & metro coaches, torpedoes, missiles, aircraft, submarines, train management systems, grenades, and many more.
It has reported a return on equity (ROE) of 10.7 percent and a return on capital employed (ROCE) of 13.7 percent, it is making decent returns on its equity and capital employed.
Written by: Bharath K.S
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