HBL received letter of acceptance from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of onboard Kavach loco equipment (ver 4.0) worth Rs.1,714 Crs (excluding 18% GST). Contact to be completed in 12 months.
Statement of deviation of funds for the period ended March 31, 2026.
The information is provided to shareholders because it is relevant for interpriting the result published on May 23, 2026
The Board of Directors in its meeting held on May 23, 2026 have apprived the audited financial results for the year ending March 31, 2026
A meeting of the Board of Directors of the Company is scheduled on Saturday, May 23, 2026 inter-alia to consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended on March 31, 2026 and consider recommendation of dividend, if any, for the financial year 2025-26.
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyHBL Engineering Ltd- 2CIN NO.L40109TG1986PLC006745 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY A1+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkNSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: GBS Naidu Designation: Company Secretary EmailId: gbs.naidu@hbl.in Name of the Chief Financial Officer: Sairam Edara Designation: CFO EmailId: sairam.e@hbl.in Date: 21/04/2026 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
In the cover letter the order worth should be read as Rs.83.81 Crores.
HBL has accepted an order worth Rs.83.81 Crores (inclusive of 18% GST) from Patiala Loco Works, Punjab for supply, testing and commissioning of on-board Kavach equipment (Ver.4.0).
HBL received letter of acceptance from Banaras Locomotive Works for supply, testing and commissioing of On-Board Kavach equipment (version 4.0) worth Rs.179.79 Crores (inclusive of 18% GST).
Please refer to the attached file.
| Particulars | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 233.23 | 299.77 | 230.51 | 283.02 | 348.74 | 373.94 | 450.56 | 475.58 | 601.77 | 1,824.67 | 874.04 | 604.12 |
| YOY Revenue Growth % | - | - | - | - | 49.52% | 24.74% | 95.46% | 68.04% | 72.56% | 387.96% | 93.99% | 27.03% |
| Other Income | 2.57 | 2.34 | 3.03 | 3.74 | 2.87 | 4.74 | 1.54 | 6.83 | 19.64 | 35.42 | 10.54 | 13.03 |
| Total Income | 235.80 | 302.11 | 233.54 | 286.76 | 351.61 | 378.68 | 452.10 | 482.41 | 621.41 | 1,860.09 | 884.58 | 617.15 |
| Total Expenses + | 214.27 | 280.04 | 217.70 | 261.63 | 309.31 | 313.98 | 372.84 | 410.69 | 427.79 | 1,122.26 | 586.52 | 546.38 |
| Cost of Materials Consumed | 139.11 | 195.39 | 143.84 | 176.92 | 218.38 | 219.37 | 237.02 | 238.52 | 334.30 | 712.85 | 372.71 | 297.25 |
| Employee Benefit Expense | 20.97 | 22.27 | 24.34 | 24.09 | 24.65 | 26.83 | 46.59 | 48.56 | 54.03 | 131.81 | 81.31 | 59.86 |
| Other Expenses | 54.19 | 62.38 | 49.52 | 60.61 | 66.29 | 67.78 | 94.03 | 110.54 | 95.91 | 249.75 | 126.30 | 159.10 |
| Operating Profit | 18.96 | 19.73 | 12.82 | 21.39 | 39.42 | 59.96 | 77.72 | 64.89 | 173.99 | 702.41 | 287.52 | 57.74 |
| OPM % | 8.1% | 6.6% | 5.6% | 7.6% | 11.3% | 16% | 17.3% | 13.6% | 28.9% | 38.5% | 32.9% | 9.6% |
| Profit Before Tax + | 8.92 | 12.59 | 22.34 | 16.55 | 36.82 | 45.81 | 79.22 | 70.63 | 190.51 | 710.87 | 297.09 | 67.45 |
| Tax Expense | 0.74 | 2.43 | 1.69 | 1.59 | 11.98 | 12.37 | 14.61 | 25.67 | 47.25 | 180.33 | 76.48 | 3.70 |
| Tax % | 8.2% | 19.3% | 7.5% | 9.6% | 32.5% | 27% | 18.4% | 36.3% | 24.8% | 25.4% | 25.7% | 5.5% |
| Profit After Tax | 8.19 | 10.16 | 20.66 | 14.96 | 24.84 | 33.44 | 64.61 | 44.96 | 143.27 | 530.54 | 220.61 | 63.75 |
| EPS (Basic) | 0.30 | 0.35 | 0.72 | 0.53 | 0.89 | 1.21 | 2.31 | 0.00 | 5.16 | 19.12 | 7.95 | 2.32 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | 3,302.83 | 1,967.20 | 1,236.21 | 912.04 | 1,091.78 |
| YOY Revenue Growth % | 67.89% | 59.13% | 35.54% | -16.46% | - |
| Other Income | 58.99 | 26.09 | 14.37 | 9.63 | 16.58 |
| Total Income | 3,361.82 | 1,993.29 | 1,250.58 | 921.67 | 1,108.37 |
| Total Expenses + | 2,255.16 | 1,632.36 | 1,102.62 | 834.57 | 1,000.06 |
| Cost of Materials Consumed | 1,382.81 | 997.08 | 758.51 | 552.57 | 675.98 |
| Employee Benefit Expense | 258.17 | 179.05 | 99.91 | 82.17 | 90.70 |
| Other Expenses | 549.96 | 425.25 | 244.20 | 199.82 | 233.38 |
| Operating Profit | 1,047.67 | 334.84 | 133.59 | 77.47 | 91.72 |
| OPM % | 31.7% | 17% | 10.8% | 8.5% | 8.4% |
| Profit Before Exceptional | 1,106.66 | 360.92 | 110.79 | 23.48 | 34.17 |
| Exceptional Items | -31.25 | -0.98 | 10.73 | -5.40 | 4.89 |
| Profit Before Tax + | 1,075.41 | 359.94 | 121.52 | 18.08 | 39.07 |
| Tax Expense | 260.52 | 83.02 | 27.62 | 4.35 | 12.85 |
| Tax % | 24.2% | 23.1% | 22.7% | 24.1% | 32.9% |
| Profit After Tax | 814.89 | 276.92 | 93.90 | 13.73 | 26.22 |
| EPS (Basic) | 29.39 | 0.00 | 3.35 | 0.44 | 0.85 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| ASSETS | |||||
| Non-Current Assets + | 916.71 | 760.78 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment | 417.36 | 373.42 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 127.48 | 68.18 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 131.40 | 91.03 | 0.00 | 0.00 | 0.00 |
| Goodwill | 1.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.24 | 23.20 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 2,024.96 | 1,218.71 | 0.00 | 0.00 | 0.00 |
| Inventories | 562.08 | 533.57 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 646.11 | 373.33 | 0.00 | 0.00 | 0.00 |
| Cash and Cash Equivalents | 528.21 | 116.95 | 0.00 | 0.00 | 0.00 |
| Current Investments | 140.52 | 80.77 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||
| Total Equity | 2,213.48 | 1,482.32 | 0.00 | 0.00 | 0.00 |
| Equity Share Capital | 27.72 | 27.72 | 0.00 | 0.00 | 0.00 |
| Other Equity | 2,186.52 | 1,455.03 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 161.57 | 71.06 | 0.00 | 0.00 | 0.00 |
| Current Liabilities | 566.62 | 426.12 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 728.19 | 497.17 | 0.00 | 0.00 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Cash from Operating Activities | 779.64 | 462.96 | 163.55 | 0.00 | 0.00 |
| Cash from Investing Activities | -253.73 | 346.92 | 95.94 | 0.00 | 0.00 |
| Cash from Financing Activities | -112.92 | 16.31 | 18.80 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 412.99 | 826.19 | 278.29 | 0.00 | 0.00 |