Board Meeting Details
The Board of Directors meeting was held on May 23, 2026, commencing at 2:30 PM and concluding at 4:30 PM, both physically and via video conference. The Audit Committee reviewed the results prior to board approval.
Key Financial Results (Standalone)
Quarterly Performance (Q4 FY26)
- Total Income from Operations: ₹597.31 crore
- Other Income: ₹12.28 crore
- Total Income: ₹609.59 crore
- Net Profit Before Tax (after exceptional items): ₹68.35 crore
- Net Profit After Tax: ₹57.17 crore
- Total Comprehensive Income: ₹58.12 crore
- Basic EPS: ₹2.10
Annual Performance (FY26)
- Total Income from Operations: ₹3,251.80 crore (FY25: ₹1,946.13 crore)
- Other Income: ₹58.39 crore
- Total Income: ₹3,310.19 crore
- Net Profit Before Tax (after exceptional items): ₹1,067.99 crore (FY25: ₹361.66 crore)
- Net Profit After Tax: ₹796.79 crore (FY25: ₹267.50 crore)
- Total Comprehensive Income: ₹797.19 crore (FY25: ₹266.84 crore)
- Basic EPS: ₹28.76 (FY25: ₹9.63)
- Equity Share Capital: ₹27.72 crore (unchanged)
- Reserves: ₹2,144.64 crore (FY25: ₹1,430.60 crore)
Exceptional Items
FY26 exceptional expense of ₹30.82 crore, including ₹26.49 crore towards unrecoverable costs incurred during development of high-performance batteries for torpedoes.
Segment-wise Performance (Standalone)
Q4 FY26 Revenue
- Industrial Batteries: ₹344.62 crore
- Defence & Aviation Batteries: ₹69.05 crore
- Electronics: ₹178.93 crore
- Unallocated: ₹13.60 crore
FY26 Revenue
- Industrial Batteries: ₹1,416.22 crore
- Defence & Aviation Batteries: ₹211.58 crore
- Electronics: ₹1,626.25 crore
- Unallocated: ₹57.27 crore
Key Financial Results (Consolidated)
Annual Performance (FY26)
- Total Income from Operations: ₹3,302.83 crore (FY25: ₹1,967.20 crore)
- Other Income: ₹58.99 crore
- Total Income: ₹3,361.82 crore
- Net Profit Before Tax (after exceptional items): ₹1,075.41 crore (FY25: ₹359.94 crore)
- Net Profit After Tax: ₹798.10 crore (FY25: ₹262.57 crore)
- Total Comprehensive Income: ₹814.64 crore (FY25: ₹276.06 crore)
- Basic EPS: ₹29.39 (FY25: ₹9.96)
- Equity Share Capital: ₹27.72 crore (unchanged)
- Reserves: ₹2,186.52 crore (FY25: ₹1,455.03 crore)
Consolidated Entities
Includes subsidiaries: HBL America Inc., HBL Germany GmbH, Torquedrive Technologies Private Limited, TTL Electric Fuel Private Limited (60% shareholding).
Associates accounted using equity method: Naval Systems & Technologies Private Limited, Tonbo Imaging India Limited.
Excludes dormant subsidiaries: SCIL Infracon Private Limited and HBL Tonbo Private Limited (strike-off process with MCA).
Balance Sheet Highlights (Standalone)
Assets as of March 31, 2026
- Total Assets: ₹2,877.59 crore (FY25: ₹1,937.42 crore)
- Non-Current Assets: ₹868.50 crore
- Current Assets: ₹2,000.09 crore
- Cash & Cash Equivalents: ₹515.12 crore (FY25: ₹112.96 crore)
- Inventories: ₹550.74 crore
- Trade Receivables: ₹656.56 crore
Liabilities as of March 31, 2026
- Shareholders' Funds: ₹1,458.32 crore
- Non-Current Liabilities: ₹61.85 crore
- Current Liabilities: ₹584.10 crore
- Borrowings: ₹35.72 crore
Cash Flow Statement (Standalone)
FY26 Cash Flows
- Cash from Operating Activities: ₹712.87 crore
- Cash from Investing Activities: ₹(200.31) crore
- Cash from Financing Activities: ₹(110.40) crore
- Net Increase in Cash: ₹402.16 crore
Board Decisions
1. Dividend Recommendation: Final dividend of ₹1 per equity share (100%) for FY26, subject to shareholder approval at AGM
2. Cost Auditor Appointment: M/s. Sagar & Associates appointed as Cost Auditors for FY2026-27, replacing M/s. Narasimha Murthy & Co.
3. Related Party Transactions: Approval of related party transactions for year ended March 31, 2026
4. AGM Date: 40th Annual General Meeting scheduled for Saturday, September 26, 2026
Significant Accounting Treatments
- New Labour Codes: Recognized ₹25.49 crore impact under Other expenses effective November 21, 2025. Company continues to monitor developments for additional impact.
- Interim Dividend: Paid interim dividend of ₹2 per share (200%) on February 7, 2026 during FY25-26