The company also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company added that the contract does not fall under related-party transactions.
HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, NiCad, silver zinc, lithium, and railway & defence electronics and other products.
The company reported a 41.8% rise in consolidated net profit to Rs 63.75 crore on a 27.0% increase in revenue from operations to Rs 604.12 crore in Q4 FY26 over Q4 FY25.
The counter rose 2.30% to Rs 817.50 on the BSE.
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