HBL Engineering received two major Kavach system contracts worth ₹163.62 crore from South Central Railway, including upgrades and new installations. These deals boosted its total order book to ₹4,029.05 crore, signalling strong business momentum in railway safety systems.
Shares of battery and engineering solutions provider HBL Engineering share price saw an uptick of up to 5%, reaching an intraday high of ₹619.25. As of 11:33 AM, the stock was trading at ₹600.45, marking a 1.88% gain. Meanwhile, the Nifty 50 index was up 0.74%, hovering around the 24,900 mark.
On a YTD basis, the stock price has declined by 3.28% while in the last 12 months it has jumped around 24.70%. In the longer period of 5 years, the stock has gained by 3,945%.
View the historical trend of HBL Engineering Share Price
HBL Engineering Limited, formerly known as HBL Power Systems Limited, has announced on June 15, 2025, that it has received a significant Letter of Acceptance from the South Central Railway. This contract is for the upgradation of the Kavach safety system from Version 3.2 to Version 4.0. The upgrade will cover a stretch of 350 kilometers in the Mudkhed (Including) to Manmad (Excluding) Section. The total value of this contract is ₹30.67 Crores, inclusive of 18% GST.
The company is mandated to complete the entire project within 24 months from the date of the letter of acceptance. With this new order, HBL Engineering's total accumulated order book now stands at an impressive ₹4,029.05 Crores.
On June 14, HBL Engineering Limited announced a significant contract win from the South Central Railway. The company has received a letter of acceptance for the provision of the Kavach system in the Vijayawada - Ballarshah section. This project will cover 48 stations, 446 kilometers of track, and will involve 10 locomotives. The total value of this domestic contract is ₹132.95 Crores, which is inclusive of 18% GST. The company is required to complete the contract within a period of 18 months.
In the March 2025 quarter, HBL Engineering reported a decline in its financial performance compared to the same period last year. Revenue from operations dropped by 22.05% YoY to ₹475.58 crore from ₹610.09 crore in March 2024. Profit after tax also saw a contraction of 20.17%, falling to ₹52.32 crore from ₹65.54 crore during the same quarter.
On an annual basis, the company posted a revenue of ₹1,967.20 crore for FY25, reflecting an 11.92% decrease from ₹2,233.36 crore in FY24. Despite the revenue dip, profit after tax remained almost flat, with a marginal decline of 0.03% to ₹262.57 crore compared to ₹262.66 crore in the previous financial year.
HBL Engineering Limited, formerly known as HBL Power Systems Limited, specialises in the design, development, and manufacturing of batteries and electronic products. The company has a diverse product portfolio catering to various sectors, including defence, industrial, and railway applications. Its offerings range from lead-acid and nickel-cadmium batteries to railway signalling equipment, train management systems, and specialised defence electronics. The company is actively involved in advanced technologies like the Kavach system, demonstrating its commitment to contributing to India's railway safety infrastructure.
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Disclaimer: The article is for informational purposes only and not investment advice.
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