HBL power systems posts stable quarterly performance
HBL Power Systems consolidated revenue for the quarter came in at Rs 413.9 crore, registering an increase of 10.9 per cent YoY.
The company's EBITDA for the quarter rose by 32 per cent YoY to Rs 37.1 crore with a corresponding margin expansion of 143 bps. The EBITDA margin for the quarter stood at 9%.
The PAT for the quarter came in at Rs 8.77 crore, a decline of 8.5 per cent YoY. This was largely due to higher effective tax rate at 53 per cent as against 31 per cent in the corresponding quarter previous year .
The stock opened today at Rs 55 mark and is currently trading up by 3.3 per cent at Rs.57.6 mark.
HBL Power Systems Limited is engaged in the business of manufacturing batteries. The company's segments include batteries and electronics. The batteries and electronics segments consist of various types of products for defence, aviation, telecom and industrial applications. Its products include batteries, including lead acid batteries, nickel-cadmium batteries and specialised defence batteries