HBL POWER SYSTEMS: Booting-up for the Race of the Century

HBL Power came up with good q3 fy 24 results.

TTM PE is 64 as per screener. However in high growth stocks its all about future growth and trailing earnings are just a number.

Coming to specific segmental numbers, and details

HBL Power Systems Q3FY24 strong results.
-Sales up 80% YoY.
-EBITDA up 163% YoY.
-PAT up 229% YoY.

Segment Results
-Battery EBITDA 100% growth YoY.
-Defence EBITDA 150% growth YoY.
-Electroncis EBITDA Profit of Rs. 22 cr vs Loss of Rs. 1.7 cr YoY.

Margins in defence batteries are very good.

In a development shared with results, company has acquired 60% stake in TTL electric fuel Ltd for EV Charging infrastructure. This could be an ancillary play to its EV retrofit trucks business. If this EV retrofit trucks business clicks then it could be another avenue for growth.

disc: invested.