HBL Engineering Limited
Incorporated in 1983, HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products
What HBL files
- New Orders13
- Others11
- Important9
- Board Meeting7
- Dividend/Bonus6
- Updates6
HBL Engineering reported strong FY26 results. Q4 sales rose, but profitability dipped due to Kavach contract variability and minor costs. Management forecasts significantly better FY27 sales and profit, though quarterly fluctuations are expected from Kavach and macro factors. High-tech businesses are set to boost future profits.
HBL Engineering is forming a Joint Venture with Cochin Shipyard (CSL), holding a 60% stake. The JV will develop electric mobility and energy storage solutions for the marine sector, aiming for both domestic and global markets.
HBL did not secure the 6,300-unit CLW loco Kavach tender due to competitive pricing. The company expects Rs. 1,000 Cr from loco units and Rs. 900 Cr from Kavach station business, totaling an estimated Rs. 1,900 Cr in Kavach sales for FY27.
HBL Engineering's 2024 Loco TCAS order saw 541 units cancelled. Broader market tenders also saw 7,000 units cancelled. However, significant new tenders totaling 18,429 units for Loco TCAS are now expected, signaling robust future demand.
HBL Power Systems Limited will change its name to HBL Engineering Limited and its trading symbol from HBLPOWER to HBLENGINE, effective December 23, 2024. This rebranding aims to better align the company's identity with its engineering focus. Such a shift may enhance market perception and investor interest, signaling a strategic...