Latest news with #HBLEngineering
Business Standard
5 days ago
- Business
- Business Standard
HBL Engineering rises after securing Rs 133-cr railway contract for Kavach safety system
HBL Engineering rose 2.29% to Rs 603.50 after the company announced that it had secured a contract worth Rs 132.95 crore from South Central Railway for the deployment of the indigenously developed Kavach safety system. The project entails the implementation of the Kavach safety system across the Vijayawada-Ballarshah section, marking a significant step forward in enhancing railway safety and accident prevention in the region. The scope includes installation across 48 stations, 446 km of track, and 10 locomotives. The project is expected to be completed within 18 months. In a related development, the company also bagged an order worth Rs 30.67 crore for upgrading the Kavach system from version 3.2 to version 4.0 over a 350-km stretch in the MudkhedManmad section. This upgrade project is slated for completion within 24 months. Both orders were awarded via letters of acceptance issued by South Central Railway. With these latest wins, HBL Engineerings total order book now stands at Rs 4,029.05 crore. 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 slipped 44.8% to Rs 44.96 crore on a 22% drop in total income to Rs 475.58 crore in Q4 FY25 over Q4 FY24.
Mint
6 days ago
- Business
- Mint
4000% rally in five years: Multibagger stock jumps 5% on bagging Kavach orders from Indian Railways
HBL Engineering share price jumped 5% in early trade on Monday after the company received multiple orders from Indian Railways. The multibagger stock, HBL Engineering shares rallied as much as 5.04% to ₹ 619.75 apiece on the BSE. HBL Engineering announced over the weekend that the company has received letters of acceptance (LoA) from South Central Railway for two projects. Firstly, the South Central Railway issued letter of acceptances to HBL Engineering for provision of the Kavach across 48 stations covering 446 kilometers of track and 10 locomotives in Vijayawada — Ballarshah section. The contract has to be completed within 18 months, HBL Engineering said in a regulatory filing on June 14. The total value of the contract is ₹ 132.95 crore (inclusive of 18% GST), it added. Additionally, the South Central Railway has also issued LoA to the company for upgradation of the Kavach Version 3.2 to Version 4.0 in Mudkhed (including) - Section covering 350 Kms. The contract has to be completed within 24 months and the total value of the contract is ₹ 30.67 crore (inclusive of 18% GST), the company said in an exchange filing on June 15. HBL Engineering said its total accumulated order book is ₹ 4,029.05 crore. HBL Engineering share price has surged 45% over the past three months, despite being down 5% on a year-to-date (YTD) basis. On a one-year basis, the stock has gained 26%. Notably, HBL Engineering share price has delivered multibagger returns of 316% over the past two years and has soared an impressive 4,000% in the last five years. At 10:00 AM, HBL Engineering share price was trading 1.90% higher at ₹ 601.20 apiece on the BSE, with a market capitalisation of over ₹ 16,662 crore.
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Business Standard
6 days ago
- Business
- Business Standard
HBL Engineering shares jump 5% on multiple contract wins; details here
Shares of HBL Engineering jumped over 5 per cent on Monday after winning a ₹132.95 crore contract from South Central Railway, along with another order to upgrade the Kavach system. HBL Engineering's stock rose as much as 5.1 per cent during the day to ₹619.8 per share. The stock trimmed gains to trade 3.1 per cent higher at ₹608 apiece, compared to a 0.36 per cent advance in Nifty 50 as of 9:27 AM. Shares of the company snapped a two-day fall on Monday and have risen over 12 per cent from its lows of ₹544, which it hit last month. The stock has fallen 2.2 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. HBL Engineering has a total market capitalisation of ₹16,871.47 crore, according to BSE data. Track LIVE Stock Market Updates Here HBL Engineering's railway contracts The company secured a significant contract valued at ₹132.95 crore from South Central Railway for the deployment of the indigenously developed Kavach safety system, it said in an exchange filing on Sunday. The project consists of the implementation of the Kavach safety system across the Vijayawada–Ballarshah section. The contract covers the installation of Kavach over a 446-kilometre stretch, across 48 stations and 10 locomotives. The project is expected to be completed within 18 months. On Saturday, the company said that it also received a letter of acceptance from South Central Railway for upgrading Kavach from Version 3.2 to Version 4.0 along the Mudkhed (including)–Manmad (excluding) section. The ₹30.67 crore contract, inclusive of GST, covers 350 kilometres and is to be executed within 24 months. About HBL Engineering The company specialises in designing, manufacturing, and supplying a wide range of power solutions. Founded in 1977, the company has earned recognition in various industries, including telecommunications, defence, energy, railways, and renewable energy. HBL is particularly known for its expertise in providing backup power solutions, such as batteries, inverters, and energy storage systems. The company's products are widely used in mission-critical applications where reliable power is essential. In the fourth quarter, the net profit declined 20 per cent to ₹52.32 crore in the financial year 2024–25. The company had reported a profit of ₹65.53 crore in the same quarter last year. Revenue from operations stood at ₹475.57 crore in Q4 FY25, a 22 per cent decline from last year's Q4 revenue of ₹610.08 crore.
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Business Standard
6 days ago
- Business
- Business Standard
Stocks to Watch today, June 16, 2025: Ireda, DLF, OMCs, IndusInd Bk
Stocks to Watch today, June 16, 2025: The Iran-Israel conflict, spike in oil prices, and developments surrounding trade tariffs are likely to set the mood for Indian equities today. Last seen, GIFT Nifty futures were up 45 points at 24,773. Oil prices climbed, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East. At the last count, Brent crude futures rose 0.35 per cent to $74.4 a barrel. Asian market indices were mixed with mainland China's CSI 300 down 0.10 per cent, Hong Kong's Hang Seng down 0.42 per cent, Japan's Nikkei up 0.65 per cent, and Australia's ASX 200 up 0.21 per cent. Overnight, Wall Street indices closed lower with the Nasdaq down 1.3 per cent, the S&P 500 1.13 per cent, and the Dow Jones 1.79 per cent. Catch Stock Market Latest Updates Today LIVE Amid global and local developments, here is a list of stocks that may buzz in trade on June 16, 2025: IndusInd Bank: The Reserve Bank of India (RBI) has approved the re-appointment of Chokshi & Chokshi LLP, Chartered Accountants, and the appointment of Borkar & Muzumdar, Chartered Accountants for their second year and first year respectively, as the Joint Statutory Auditors of the bank for the financial year 2025-26. Oil-linked stocks: Shares of oil marketing companies (OMCs), paints, tyres, adhesives, and aviation could see some pressure in trade with an increase in oil prices. Conversely, oil refiners, Oil India, Hindustan Exploration, ONGC, and Reliance Industries may benefit from higher oil prices. HBL Engineering: Hyderabad-based company HBL Engineering has secured a significant contract valued at ₹132.95 crore from South Central Railway for the deployment of the indigenously developed Kavach safety system. Adani Ports: The Haifa Port in Israel, operated by the Adani Group, sustained no damage during Iran's recent missile attack, according to reports. Iran launched ballistic missiles late Saturday targeting Haifa Port and a nearby oil refinery in retaliation for an earlier Israeli airstrike on Iranian military sites. While shrapnel reportedly landed in the chemical terminal and some projectiles struck the refinery, no injuries were reported. DLF: The company is set to invest around ₹5,500 crore to develop a luxury housing project in Gurugram, as it seeks to achieve record sales bookings this fiscal on high demand. ITC: Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the '24 Mantra Organic brand' in an all-cash deal valued at ₹472.5 crore. Sun Pharma: The US health regulator has issued a form 483 with 8 observations after inspecting Sun Pharma's Halol (Gujarat) manufacturing plant. Natco Pharma: The United States Food and Drugs Administration (US FDA) concluded its inspection of the company's Mekaguda plant with one observation in form-483. Arkade Developers: The company has entered the Thane market with a 6.28 acre project with an estimated gross development value (GDV) of ₹ 2000 crore. Birla Corporation: The company emerged as the 'Preferred Bidder' for the grant of mining lease for Gourum Khan Ki Dhani (South) Limestone Block, on the highest final price offer of 20.60 per cent. The aforesaid block is situated in District Jaisalmer, Rajasthan over an area of 499.6394 hectares. Ireda: The application filed by the company under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol EV Lease which is a subsidiary of Gensol Engineering was admitted by National Company Law Tribunal Ahmedabad (NCLT) for corporate insolvency resolution process. The amount due was ₹218.95 crore.
Economic Times
6 days ago
- Automotive
- Economic Times
HBL Engineering shares jump 5% after bagging Rs 133 cr railway contract for Kavach safety system
Shares of Hyderabad-based HBL Engineering, formerly known as HBL Power Systems, surged 5% to Rs 619 on the BSE in Monday's trade after the company secured a contract worth Rs 132.95 crore from South Central Railway for the deployment of the indigenous Kavach safety system. ADVERTISEMENT The project involves the implementation of Kavach across the Vijayawada–Ballarshah section, covering 446 kilometres, 48 stations, and 10 locomotives. It is expected to be completed within 18 months, the company said in a stock exchange filing. Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 months Kavach is an automatic train protection system developed in India to minimise the risk of signal passing at danger (SPAD) and collisions. It is part of Indian Railways' broader initiative to boost safety through homegrown technology. In a separate development, HBL Engineering also received a letter of acceptance from South Central Railway to upgrade Kavach from Version 3.2 to Version 4.0 along the Mudkhed (including)–Manmad (excluding) section. The Rs 30.67 crore contract, including GST, spans 350 kilometres and is scheduled to be executed within 24 these recent wins, the company's total order book now stands at Rs 4,029.05 crore. ADVERTISEMENT Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside For Q4 FY25, HBL Engineering reported a 20% year-on-year decline in net profit to Rs 52.32 crore, compared to Rs 65.53 crore in the same quarter last year. ADVERTISEMENT Revenue from operations fell 22% YoY to Rs 475.57 crore, down from Rs 610.08 crore in Q4 steepest decline came from the electronics segment, where revenue dropped 65.5% to Rs 57.96 crore, from Rs 168.08 crore last year. ADVERTISEMENT The industrial batteries segment remained the top revenue contributor, generating Rs 355.59 crore, compared to Rs 364.98 crore in the year-ago period. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside Revenue from the defence and aviation batteries segment declined 26.9% to Rs 46.13 crore, versus Rs 63.08 crore in Q4 FY24. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
