HBL Engineering (517271) Q1 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, with auditor's unmodified opinion.

• Appointment of Mr. Narsing Rao Sigayapally as Non-Executive Vice-Chairperson (Independent) for five years, subject to AGM approval.

• Notice of AGM, Directors' Report, and other statutory disclosures approved; book closure and record dates set for dividend eligibility.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹51,122.82 lakhs, up from ₹45,840.37 lakhs in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹7,425.48 lakhs, compared to ₹4,853.91 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹52,010.75 lakhs, up from ₹46,743.47 lakhs in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 was ₹8,009.46 lakhs, compared to ₹5,172.82 lakhs in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at ₹2.87, up from ₹1.86 in Q1 FY24.

Outlook and guidance

• Board set record and book closure dates for dividend eligibility, indicating intent to declare a dividend at the upcoming AGM.