Auto ancillary stock falls 14% after its net profit decreases by 25.97% in Q3Auto ancillary stock falls 14% after its net profit decreases by 25.97% in Q3

Introduction:

Auto ancillary stock reported a 13.52% decline in revenue from operations, with total income falling 15.20% in the December 2024 quarter. Despite an increase in other income, reduced expenses and lower tax costs were not enough to prevent a 25.97% drop in net profit.

Share Price movement of HBL Engineering:

On February 10, 2025, HBL Engineering Ltd opened at ₹475.10, reaching a high of ₹495.85 and a low of ₹448.15, down 14.48% from its previous close of ₹528.75. Currently, it is trading at ₹452.20, with a market cap of ₹12,534.76 crore.

HBL Engineering share price rise:

HBL Engineering’s revenue from operations declined by 13.52%, dropping from ₹520.96 crores in Sep 2024 to ₹450.56 crores in Dec 2024. However, other income rose by 25.50%, increasing from ₹12.23 crores to ₹15.39 crores. Overall, total income fell by 15.20%, from ₹533.19 crores to ₹452.09 crores.

Total expenses decreased by 11.50%, from ₹426.47 crores in September 2024 to ₹377.43 crores in December 2024. The cost of materials consumed dropped by 12.72%, while employee benefits expenses fell by 9.10%. Finance costs rose by 5.55%, while depreciation and other expenses remained stable.

Net profit declined by 25.97%, falling from ₹87.26 crores in September 2024 to ₹64.61 crores in December 2024. The company’s consolidated net profit declined 18% on the year to Rs 64.61 crore from Rs 79.04 crore. Tax expenses dropped by 25.12%, and the share of profit from associates decreased by 43.32%. Minority interest losses improved by 26.46%, helping offset some profit reduction.

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Recent news About HBL Engineering:

In December 2024, HBL Engineering secured a ₹1,522.40 crore order from Chittaranjan Locomotive Works to supply the KAVACH Train Collision Avoidance System for 2,200 locomotives. Additionally, in November 2024, the company changed its name from HBL Power Systems Limited to HBL Engineering Limited. 

Stock performance of HBL Engineering for Period of 1 week, 6 months and 1 year:

HBL Engineering’s stock performance showed a weekly decline of 8.01%, reflecting short-term volatility. Over six months, the stock dropped 16.6%, indicating a prolonged downturn. On a yearly basis, it recorded a 1.28% loss, suggesting a relatively stable performance despite recent fluctuations in market trends.

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Shareholding pattern of HBL Engineering:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	59.11	59.11	59.11
FII	5.22	4.91	4.66
DII	0.39	0.96	1.07
Retail & others	35.27	35.03	35.17

About HBL Engineering:

HBL Engineering specializes in manufacturing advanced engineering solutions, including batteries, electronics, and defense equipment. The company serves sectors like aerospace, railways, and industrial applications, focusing on innovation, reliability, and sustainability to maintain a competitive edge in domestic and global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.