HBL Engineering (517271) Q2 25/26 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, were approved with an unmodified auditor's opinion.

• Q2 FY26 was exceptionally strong, especially in the rail signaling business, and is not expected to be repeated in coming quarters.

Financial highlights

• Standalone Q2 FY26 total income from operations: ₹1,203.16 crore, up from ₹520.48 crore in Q2 FY25.

• Standalone net profit after tax for Q2 FY26: ₹382.20 crore, up from ₹80.50 crore in Q2 FY25.

• Consolidated Q2 FY26 total income from operations: ₹1,222.90 crore, up from ₹520.96 crore in Q2 FY25.

• Consolidated net profit after tax for Q2 FY26: ₹387.28 crore, up from ₹76.01 crore in Q2 FY25.

• Exceptional items of ₹23.65 crore relate to unrecoverable costs in high-performance torpedo battery development.

Outlook and guidance

• FY26 is expected to be an exceptional year, but current performance should not be used as a basis for future expectations.