Key Quantitative Figures

Standalone Financial Results (₹ crore):

  • Income from operations: ₹619.54 (Q1 FY27) vs ₹587.68 (Q1 FY26)
  • Total income: ₹639.83 (Q1 FY27) vs ₹607.33 (Q1 FY26)
  • Net profit after tax: ₹105.47 (Q1 FY27) vs ₹139.73 (Q1 FY26) - decrease of 24.5% YoY
  • Basic EPS: ₹3.81 (Q1 FY27) vs ₹5.03 (Q1 FY26)
  • Tax expense: ₹36.96 crore current tax, ₹0.27 crore deferred tax

Consolidated Financial Results (₹ crore):

  • Income from operations: ₹638.03 (Q1 FY27) vs ₹601.77 (Q1 FY26)
  • Total income: ₹658.59 (Q1 FY27) vs ₹621.41 (Q1 FY26)
  • Net profit after tax: ₹109.14 (Q1 FY27) vs ₹143.35 (Q1 FY26)
  • Basic EPS: ₹3.95 (Q1 FY27) vs ₹5.17 (Q1 FY26)
  • Share of loss from associates: ₹1.77 crore
  • Tax expense: ₹38.38 crore current tax, ₹0.40 crore deferred tax

Segment Performance (Consolidated, ₹ crore):

  • Industrial Batteries: Revenue ₹361.94, Segment Result ₹82.71
  • Defence & Aviation Batteries: Revenue ₹37.93, Segment Result ₹9.10
  • Electronics: Revenue ₹227.31, Segment Result ₹70.73

Dates of Action

  • Board meeting date: August 08, 2026 (2:30 PM to 4:15 PM)
  • Book closure period: September 12, 2026 to September 26, 2026 (both days inclusive)
  • Record date: September 11, 2026 for dividend eligibility and e-voting
  • Annual General Meeting: Scheduled for September 26, 2026
  • Financial period: Quarter ended June 30, 2026

Parties Involved

  • Auditor: L N R Associates, Chartered Accountants (FRN 05381S)
  • Subsidiaries: HBL America Inc., HBL Germany GmbH, TTL Electric Fuel Private Limited
  • Associates: Naval Systems & Technologies Private Limited, Tonbo Imaging India Limited, Xalten Systems Private Limited
  • Joint Venture: Green Maritime Propulsion Private Limited (with Cochin Shipyard Limited, incorporated June 11, 2026)

Investment Activity

  • Investment in Xalten Systems Private Limited: ₹6.37 crore towards Equity Shares and Compulsorily Convertible Preference Shares (CCPS), resulting in 9.84% shareholding on fully diluted basis
  • Xalten classified as Associate Company due to significant influence from reserved matters and Board representation

Capital Structure

  • Paid-up equity share capital: ₹27.72 crore (Face Value Re 1/- each)
  • Reserves (previous year): ₹2,144.64 crore (standalone), ₹2,186.52 crore (consolidated)
  • No change in share capital during the quarter

Subsidiary Status

  • SCIL Infracon Private Limited: Declared dormant since 2019
  • HBL Tonbo Private Limited: Application for striking off under process with MCA
  • Torquedrive Technologies Private Limited: Application for striking off under CCFS-2026 scheme
  • These subsidiaries not consolidated due to no operations

Fund Utilization

  • No deviation or variation in use of proceeds of funds raised through shares
  • No funds raised through shares during the reporting quarter
  • Confirmation submitted under Regulation 32(1) of SEBI (LODR) Regulations, 2015

Auditor Opinion

  • Unmodified opinion on both standalone and consolidated financial results
  • Review conducted in accordance with SRE 2410
  • Confirmed compliance with recognition and measurement principles of Indian Accounting Standards

Additional Information

  • Results reviewed by Audit Committee and approved by Board of Directors on August 08, 2026
  • Meetings held in physical presence and through video conference
  • Figures for previous periods regrouped where necessary