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.

Looking at stock price action for last few weeks, I would guess market has seen it coming. Now concall commentary would be important.

In the whole Quarterly Profit of 45 Cr, about 29 Cr is coming from exceptional gains. No wonder the performance is still solid but wanted to understand if any one can provide details as to where is this exceptional gains is coming from. I didn’t get any details from the earnings report regarding this, my only guess is if the these gains were made by selling some Sugar allocated to Sugar seem to have reduced. Please do share if anyone here provide more light on this.

Company has purchased another land parcel of 82 acres for future capex.

Currently it had 100 acres land, which would have been sufficient for another 50% increase in topline, so it would have got saturated in another 1-2 yrs at current growth rate.

With this new 82 acre plot, it will help for 4-5 years minimum planning for capex.

Link – https://www.bseindia.com/xml-data/corpfiling/AttachLive/64503f4b-4573-41ec-97fc-d4e6883e24ce.pdf

Results for the quarter ending Dec 2023 are out. Almost 4x jump in profits from last quarter. (Amount in Lakhs)