Latest news with #HBLEngineering
Mint
3 days ago
- Business
- Mint
Multibagger engineering stock nears record high after THIS order book update. Check details
Multibagger stock: Shares of HBL Engineering jumped over 4% in intraday deals on Tuesday, August 12, following the announcement of an order win from the West Central Railway. With today's rise, the multibagger engineering stock neared its record high level. The company, in an exchange filing today, said, "We would like to inform the stakeholders that the West Central Railway has issued a letter of acceptance to HBL for Survey, design, supply, installation, testing and commissioning of trackside KAVACH equipment at stations/LC Gates locations including erection of towers and associated works required for KAVACH in Kota-Ruthiyai section and Sogaria-Kota "C" Section (166 Rkm) of Kota division of West Central Railway." The total contract value for the order is ₹ 54.12 crore, with the order expected to be completed within 700 days. The work order involves 166 kilometres of track and 19 stations. Following the latest order win, HBL Engineering's total accumulated order book stands at ₹ 4,083.17 crore. Meanwhile, the engineering company recently posted a stellar set of numbers for the quarter ended June 2025. Its consolidated net profit soared 86% year-on-year (YoY) to ₹ 141.23 crore in Q1 FY26 from ₹ 75.85 crore in the same period last year. Its revenue from operations also saw a healthy 15.70% YoY growth to ₹ 601.77 crore from ₹ 520.11 crore in the corresponding quarter a year ago. The company's board, at its meeting on August 9, also announced the dividend record date. It fixed Friday, September 12, 2025, as the record date for the determination of shareholders' eligibility for e-voting and to receive dividends, if declared by the members at the ensuing annual general meeting.
Business Standard
3 days ago
- Business
- Business Standard
HBL Engineering receives LoA from West Central Railway
HBL Engineering has received a letter of acceptance from West Central Railway for suvey, design, supply, installation, testing and commissioning of trackside KAVACH equipment at stations/LC Gates locations including erection of towers and associated works required for KAVACH in Kota-Ruthiyai section and Sogaria-Kota "C" Section (166 Rkm) of Kota division of West Central Railway. The value of the contract is Rs 54.12 this, the total accumulated order book stands at Rs 4,083.17 crore. Powered by Capital Market - Live News
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Business Standard
3 days ago
- Business
- Business Standard
HBL Engineering up 4% on winning ₹54-cr order from West Central Railway
HBL Engineering shares advanced 4.3 per cent on Tuesday, August 12, 2025, and logged an intra-day high at ₹713.4 per share on BSE. At 10:29 AM, HBL Engineering's share price was trading 3.73 per cent higher at ₹709.05 per share. In comparison, the Sensex was 0.14 per cent higher at 80,716.65. Why were HBL Engineering shares in demand? The buying interest on the counter came after the company received a letter of acceptance from the West Central Railway. Under the contract, HBL Engineering will survey, design, supply, install, test, and commission trackside KAVACH equipment at stations and level crossing (LC) gates—including setting up towers and related works—needed for KAVACH in the Kota-Ruthiyai section and Sogaria-Kota "C" section (166 route kilometers) of the Kota division, West Central Railway. The total value of the project is estimated at ₹54.12 crore, and has to be completed within 700 days. "We would like to inform the stakeholders that the West Central Railway has issued letter of acceptance to HBL for Survey, design, supply, installation, testing and commissioning of trackside KAVACH equipment at stations/LC Gates locations, including erection of towers and associated works required for KAVACH in Kota-Ruthiyai section and Sogaria-Kota "C" Section (166 Rkm) of Kota division of West Central Railway," the filing read. HBL Engineering Q1 results In Q1, HBL Engineering reported a consolidated profit after tax (PAT) of ₹143.26 crore, as compared to ₹80 crore year-on-year (Y-o-Y), up 78.8 per cent. The company's consolidated revenue from operations in the first quarter stood at ₹601.7 crore, as against ₹520.1 crore in the year-ago period. HBL Engineering dividend record date The company fixed Friday, September 12, 2025, as the record date for the determination of shareholders' eligibility for e-voting and to receive dividend, if declared by the members at the ensuing annual general meeting. The board, at its meeting held on May 24, 2025, recommended a dividend of ₹1 per equity share of face value of ₹1 each fully paid up (i.e. 100 per cent) for the financial year ended March 31, 2025.
Business Standard
3 days ago
- Business
- Business Standard
HBL Engineering spurts on securing Rs 54 crore LoA from West Central railway
HBL Engineering rallied 4.02% to Rs 711 after the company received a letter of acceptance (LoA) worth Rs 54.12 crore from West Central Railway. The contract involves the survey, design, supply, installation, testing, and commissioning of trackside KAVACH equipment at station and level crossing (LC) gate locations. The scope also includes erection of towers and associated works required for KAVACH implementation in the KotaRuthiyai section and SogariaKota "C" section (covering 166 route kilometers) of the Kota Division, West Central Railway. The contract is to be completed within a period of 700 days from the date of commencement. The total value of the contract is Rs 54.12 crore. None of the promoters, promoter group, or group companies have any interest in the entity to whom the contract has been awarded. Furthermore, the transaction does not fall under the category of related party transactions. The companys consolidated net profit surged 78.88% to Rs 143.27 crore in Q1 FY26 as against Rs 80.09 crore posted in Q1 FY25. However, revenue from operations rose 15.70% YoY to Rs 601.77 crore in the quarter ended 30 June 2025. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, NiCad, silver zinc, lithium, and railway & defense electronics and other products.
Business Standard
4 days ago
- Business
- Business Standard
HBL Engineering spurts after Q1 PAT climbs 79% YoY to Rs 143 cr
HBL Engineering surged 12.83% to Rs 675 after the company's consolidated net profit surged 78.88% to Rs 143.27 crore in Q1 FY26 as against Rs 80.09 crore posted in Q1 FY25. However, revenue from operations rose 15.70% YoY to Rs 601.77 crore in the quarter ended 30 June 2025. Profit before exceptional items and tax stood at Rs 193.62 crore in Q1 FY26, up 87.57% as against Rs 103.22 crore posted in Q1 FY25. The company reported an exceptional loss of Rs 3.11 crore in Q1 FY26. On segmental front, revenue from Industrial Batteries segment stood at Rs 337.38 crore (up 1.11%), revenue from Defence & Aviation Batteries segment stood at Rs 73.65 (down 20.08%), revenue from Electronics segment stood at Rs 180.40 crore (up 106.64%) and revenue from Unallocated segments stood at Rs 12.63 crore (up 23.82%). Meanwhile, the companys board has appointed Dr Aluru Jagadish Prasad as chairman and managing director of the company for a further period of five years with effect from 01 October 2025, subject to the approval of the members of the company at their ensuing Annual General Meeting by a special resolution. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, NiCad, silver zinc, lithium, and railway & defense electronics and other products.
