HBL Engineering Ltd

HBL Engineering announced that Chittaranjan Locomotive Works (CLW) has issued Letter of Acceptance to HBL for supply, installation, testing and commissioning of On-board KAVACH Loco equipment (Ver.4.0) worth Rs.1,714 crore (Excluding 18% GST).

The company said in an exchange filing that it has received a letter of acceptance from CLW and the execution of the project is expected to be completed within 12 months. The company also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company added that the contract does not fall under related-party transactions. HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, NiCad, silver zinc, lithium, and railway & defence electronics and other products. The company reported a 41.8% rise in consolidated net profit to Rs 63.75 crore on a 27.0% increase in revenue from operations to Rs 604.12 crore in Q4 FY26 over Q4 FY25. The counter rose 2.30% to Rs 817.50 on the BSE. Powered by Capital Market - Live

HBL Engineering announced that the 40th Annual General Meeting(AGM) of the company will be held on 26 September 2026.

Profit before exceptional items and tax stood at Rs 70.77 crore in Q4 FY26, compared with Rs 71.72 crore in Q4 FY25. The company reported an exceptional loss of Rs 3.32 crore during the quarter. Total expenses increased 33.04% YoY to Rs 546.38 crore during the quarter compared with Rs 410.69 crore in the corresponding quarter last year. Cost of materials consumed stood at Rs 297.25 crore (up 24.62% YoY), while employee benefits expense rose 23.28% YoY to Rs 59.86 crore. Meanwhile, finance cost declined 37.94% YoY to Rs 2.29 crore during the quarter. For Q4 FY26, the company's electronics segment revenue jumped 229.95% YoY to Rs 178.93 crore, while the defence and aviation batteries segment rose 49.7% YoY to Rs 69.05 crore. Meanwhile, the industrial batteries segment posted revenue of Rs 344.62 crore, down 4.09% YoY during the quarter. The board of directors has recommended a final dividend of Re 1 per equity share of face value Re 1 each (100%) for the financial year ended March 31, 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM) of the company. 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. Shares of HBL Engineering fell 1.34% to Rs 763.90 on the BSE.Powered by Capital Market - Live

HBL Engineering announced that the Board of Directors of the Company at its meeting held on 23 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Net profit of HBL Engineering rose 41.79% to Rs 63.75 crore in the quarter ended March 2026 as against Rs 44.96 crore during the previous quarter ended March 2025. Sales rose 27.03% to Rs 604.12 crore in the quarter ended March 2026 as against Rs 475.58 crore during the previous quarter ended March 2025. For the full year,net profit rose 194.27% to Rs 814.89 crore in the year ended March 2026 as against Rs 276.92 crore during the previous year ended March 2025. Sales rose 67.89% to Rs 3302.83 crore in the year ended March 2026 as against Rs 1967.20 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales604.12475.58 27 3302.831967.20 68 OPM %12.3616.71 -33.7019.93 - PBDT85.4182.63 3 1157.29405.11 186 PBT70.7771.72 -1 1106.66360.92 207 NP63.7544.96 42 814.89276.92 194 Powered by Capital Market - Live

HBL Engineering will hold a meeting of the Board of Directors of the Company on 23 May 2026.

The contract, valued at Rs 83.81 crore, is scheduled to be completed by 15 April 2027. The company added that none of its promoters, promoter group, or group companies have any interest in PLW, and the transaction does not qualify as a related-party deal. 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. The company's consolidated net profit zoomed 272.59% to Rs 217.56 crore in Q3 FY26, compared with Rs 58.39 crore in the same quarter last year. Revenue from operations surged 93.98% YoY to Rs 874.04 crore in Q3 December 2025. Shares of HBL Engineering fell 1.07% to Rs 711.40 on the BSE.

HBL Engineering has accepted an order worth Rs.83.81 (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab for supply, testing and commissioning of On-board KAVACH equipment (Ver.4.0).

HBL Engineering has received an order worth Rs 179.79 crore from Banaras Locomotive Works for supply, testing and commissioning of on-board KAVACH equipment (ver. 4.0).