Shares of HBL Power Systems Limited climbed by 2% on Thursday morning after the company announced robust financial results for the first quarter ended June 30, 2024.
Key Financial Highlights
- Sales: The company reported sales of ₹5,201.08 million for Q1 FY24, a 11.3% increase from ₹4,674.35 million in the same quarter last year.
- Revenue: Total revenue rose to ₹5,255.91 million, up from ₹4,701.62 million in Q1 FY23.
- Net Income: Net income saw a significant increase, reaching ₹800.95 million compared to ₹517.28 million in the corresponding quarter of the previous year.
- Earnings Per Share (EPS): Basic and diluted EPS from continuing operations both stood at ₹2.87, up from ₹1.86 a year ago.
| Particulars | Q1 FY24 | Q1 FY23 | % Var. |
|---|---|---|---|
| Sales | ₹5,201.08 million | ₹4,674.35 million | 11.3% |
| Revenue | ₹5,255.91 million | ₹4,701.62 million | 11.8% |
| Net Income | ₹800.95 million | ₹517.28 million | 54.8% |
| Basic & Diluted EPS (Continuing Operations) | ₹2.87 | ₹1.86 | 54.3% |
Market Reaction
As of 10:30 AM, the shares were trading 2.21% higher at ₹608.45 on the NSE.
TOPICS:
HBL Power Systems