HBL Power Systems Limited reported its unaudited consolidated financial results for the quarter ending September 30, 2024. The company recorded a decline in revenue while observing a rise in net profit on a year-over-year basis.
Quarterly Performance (YoY):
- Revenue from operations for Q2 FY25 was ₹520.96 crore, down by 6.4% compared to ₹556.58 crore in Q2 FY24.
- Net profit for the quarter was ₹76.01 crore, marking a 13.2% increase from ₹67.16 crore in the same quarter last year.
Quarterly Performance (QoQ):
- On a quarter-on-quarter basis, revenue saw a marginal increase from ₹520.11 crore in Q1 FY25 to ₹520.96 crore in Q2 FY25.
- Net profit also showed a slight increase from ₹75.85 crore in Q1 FY25 to ₹76.01 crore in Q2 FY25.
Half-Yearly Performance: For the half-year ending September 30, 2024, the company’s cumulative revenue stood at ₹1,041.07 crore, compared to ₹1,024.01 crore in the corresponding period last year. The cumulative net profit for the half-year was ₹151.89 crore, up from ₹118.67 crore in the previous half-year period.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Please consult a professional financial advisor for guidance specific to your financial situation.