The shares of this battery manufacturer gained up to 3 percent in today’s trading session after the company secured a prestigious letter of acceptance from IRCON International Limited worth Rs 101.55 crore.
With a market capitalization of Rs 15,908.22 crore, the shares of HBL Engineering Ltd were trading at Rs 573.90 per share, increasing around 1.77 percent as compared to the previous closing price of Rs 563.90 apiece.
The shares of HBL Engineering Ltd have seen positive movement after securing a prestigious letter of acceptance from IRCON International Limited for the provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Km and 2 (Two) locomotives, valued at Rs 101.55 crore. This agreement should be completed within 18 months.
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Financial & operational highlights
Looking forward to the company’s financial performance, revenue dipped by 22 percent from Rs 610 crore in Q4FY24 to Rs 476 crore in Q4FY25. During the same period, net profits fell by 44 percent from Rs 81 crore to Rs 45 crore.
Recently, HBL received approval from the Research Designs and Standards Organization (RDSO) for Version 4.0 of the Kavach Systems. HBL is the first Company to receive this approval.
HBL Power Systems operates across six business units: Batteries, Electronics, Emobility, Defence, Spun Concrete, and Battery Energy Storage Systems. These segments reflect the company’s diverse focus on advanced energy solutions, infrastructure, and defense technologies, supporting innovation and sustainability in both civil and industrial sectors.
HBL provides advanced battery and engineering solutions to global system integrators, EPCs, and defense sectors, including Indian Railways and armed forces. With a strong global presence in 80+ countries, HBL offers resilient, innovative, and secure products, backed by regional support in the EU and USA for timely, customized service.
HBL Power Systems Limited is an India-based company that designs, develops, and manufactures specialized batteries and electronic solutions. The Company is also engaged in service activities related to its products.
Written by Abhishek Singh
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