{"id":118789,"date":"2024-02-08T11:42:18","date_gmt":"2024-02-08T06:12:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118789"},"modified":"2024-02-08T11:42:20","modified_gmt":"2024-02-08T06:12:20","slug":"defence-stock-jumps-up-to-11-after-its-net-profits-increases-by-232-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-up-to-11-after-its-net-profits-increases-by-232-yoy\/","title":{"rendered":"Defence stock jumps up to 11% after its net profits increases by 232% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2245611278\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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\u2019s trade, following the release of its Q3FY24 results with a 232 percent jump in Net Profits.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3226269186\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 16,228 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HBLPOWER\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">HBL Power Systems Limited<\/a><\/strong> were trading at Rs. 583.55, up 5.93 percent from its previous day\u2019s close price of Rs. 550.90. It has delivered multibagger returns of 505 percent in a year.\u00a0<\/p><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1846345896\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>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.&nbsp;<\/p><p>The company\u2019s products have applications in telecom towers, rail &amp; metro coaches, torpedoes, missiles, aircraft, submarines, train management systems, grenades, and many more.&nbsp;<\/p><p>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.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-137511094\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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\u2019s trade, following the release of its Q3FY24 results with a 232 percent jump in Net Profits.&nbsp; With a market capitalization of Rs. 16,228 Crores, the shares of HBL Power [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11011,16513,10442,948,936],"class_list":["post-118789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hbl-power-systems-latest-news","tag-hbl-power-systems-q3-results-fy24","tag-hbl-power-systems-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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