Integrated Filing — IndAS



General information about company

Scrip Code 517271
NSE Symbol HBLENGINE
MSEI Symbol NOTLISTED
ISIN INE292B01021
Name of company HBL Engineering Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 23-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 23-05-2026   14:30:00
End date and time of board meeting 23-05-2026   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 60,412.00 3,30,283.00
Other income 1,303.00 5,899.00
Total income 61,715.00 3,36,182.00
2 Expenses
(a) Cost of materials consumed 29,725.00 1,38,281.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,324.00 (110.00)
(d) Employee benefit expense 5,986.00 25,817.00
(e) Finance costs 229.00 1,469.00
(f) Depreciation, depletion and amortisation expense 1,464.00 5,063.00
(f) Other Expenses
1 Other Expenses 15,910.00 54,996.00
Total other expenses 15,910.00 54,996.00
Total expenses 54,638.00 2,25,516.00
3 Total profit before exceptional items and tax 7,077.00 1,10,666.00
4 Exceptional items (332.00) (3,125.00)
5 Total profit before tax 6,745.00 1,07,541.00
6 Tax expense
7 Current tax 2,201.00 28,365.00
8 Deferred tax (659.00) (634.00)
9 Total tax expenses 1,542.00 27,731.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 1,172.00 1,679.00
11 Net Profit Loss for the period from continuing operations 6,375.00 81,489.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 6,375.00 81,489.00
17 Other comprehensive income net of taxes 50.00 (24.00)
18 Total Comprehensive Income for the period 6,425.00 81,465.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,772.00 2,772.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 2,18,652.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.32 29.39
Diluted earnings (loss) per share from continuing operations 2.32 29.39
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.32 29.39
Diluted earnings (loss) per share from continuing and discontinued operations 2.32 29.39
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) The above Consolidated financial results were reviewed by the Audit Committee in its meeting held on May 23, 2026 and approved by the Board of Directors at the meeting held on May 23, 2026. Above meetings were held in physical presence and also through video conference. The figures of the quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year. In the total Exceptional items of Rs.31.25 crs, Rs.26.49 crs towards unrecoverable costs incurred during development of high-performance batteries for torpedoes. The above Consolidated financial results were reviewed by the Audit Committee in its meeting held on May 23, 2026 and approved by the Board of Directors at the meeting held on May 23, 2026. Above meetings were held in physical presence and also through video conference. The figures of the quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year. In the total Exceptional items of Rs.31.25 crs, Rs.26.49 crs towards unrecoverable costs incurred during development of high-performance batteries for torpedoes. 1. The above Consolidated financial results were reviewed by the Audit Committee in its meeting held on May 23, 2026 and approved by the Board of Directors at the meeting held on May 23, 2026. Above meetings were held in physical presence and also through video conference. 2. The figures of the quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year. In the total Exceptional items of Rs.31.25 crs, Rs.26.49 crs towards unrecoverable costs incurred during development of high-performance batteries for torpedoes. 3.Estimated impact on account of the New Labour Codes notified w.e.f. November 21, 2025 amounting to Rs. 25.49 crores has been recognised under Other expenses. The Company continues to monitor developments relating to the New Labour Codes and will evaluate & account for the additional impact, if any 4.EPS is calculated based on total comprehensive income which is attributable to equity shareholders. 5.The consolidated financial statements of HBL includes the financials of Torquedrive Technologies Private Limited which is wholly owned subsidiary and TTL Electric Fuel Private Limited which is a subsidiary with 60% shareholding in addition to the wholly owned subsidiaries viz. HBL America, HBL Germany. The Investments in Companies namely M/s Naval Systems and Technologies Private Limited (NSTL) and M/s Tonbo Imaging India Limited (Tonbo) have been considered as Investments in Associates and financial results have been accounted under equity method of accounting. 6.The subsidiaries viz. SCIL Infracon Private Limited (SCIL) and HBL Tonbo Private Limited (HTPL) have not been considered for consolidation as SCIL has been declared as dormant Company since 2019 and HTPL made an application under Section 248 (2) of the Companies Act, 2013 was made during FY 22-23 for striking off the name of the Company and is under process with Ministry of Corporate Affairs. There are no operations in those Companies. 7.Figures of the previous quarters / periods have been regrouped, wherever necessary. 8.The results shall also be available on website of the Company : http://hbl.in/investors; BSE: www.bseindia.com and NSE: www.nseindia.com



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 41,736.00
Capital work-in-progress 12,748.00
Investment property 2,125.00
Goodwill 166.00
Other intangible assets 24.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 12,977.00
Non-current financial assets
Non-current investments 13,140.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 7,752.00
Total of other non-current financial assets 7,752.00
Total non-current financial assets 20,892.00
Deferred tax assets (net) 0.00
Other non-current assets
1 0ther non-current assets 1,003.00
Total of other non-current assets 1,003.00
Total non-current assets 91,671.00
2 Current assets
Inventories 56,208.00
Current financial asset
Current investments 14,052.00
Trade receivables, current 64,611.00
Cash and cash equivalents 52,821.00
Bank balance other than cash and cash equivalents 2,370.00
Loans, current 350.00
Other current financial assets
Total of other current financial assets 3,396.00
Total current financial assets 1,37,600.00
Current tax assets (net) 1,188.00
Other current assets
1 Other current assets 7,500.00
Total of other current assets 7,500.00
Total current assets 2,02,496.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,94,167.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,772.00
Other equity 2,18,652.00
Total equity attributable to owners of parent 2,21,424.00
Non controlling interest (76.00)
Total equity 2,21,348.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 404.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liability 1,589.00
Total of other non-current financial liabilities 1,589.00
Total non-current financial liabilities 1,993.00
Provisions, non-current 13,926.00
Deferred tax liabilities (net) 238.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 16,157.00
Current liabilities
Current financial liabilities
Borrowings, current 3,995.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,537.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 14,953.00
Total Trade payable 18,490.00
Other current financial liabilities
1 Lease liability 699.00
2 Other current financial liabilities 6,647.00
Total of other current financial liabilities 7,346.00
Total current financial liabilities 29,831.00
Other current liabilities 17,150.00
1 Other current liabilities 17,150.00
Total of other current liabilities 17,150.00
Provisions, current 9,681.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 56,662.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 72,819.00
Total equity and liabilites 2,94,167.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Industrial Batteries 34,462.00 1,41,622.00
2 Defence & aviation batteries 6,905.00 21,158.00
3 Electronics 17,893.00 1,62,625.00
4 Unallocated 1,360.00 5,727.00
Total Segment Revenue 60,620.00 3,31,132.00
Less: Inter segment revenue 208.00 849.00
Revenue from operations 60,412.00 3,30,283.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Industrial Batteries 6,082.00 34,116.00
2 Defence & aviation batteries 1,785.00 5,761.00
3 Electronics 2,592.00 81,849.00
4 Unallocated (2,782.00) (7,803.00)
Total Profit before tax 7,677.00 1,13,923.00
i. Finance cost 229.00 1,469.00
ii. Other Unallocable Expenditure net off Unallocable income 704.00 4,914.00
Profit before tax 6,744.00 1,07,540.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Industrial Batteries 1,02,948.00 1,02,948.00
2 Defence & aviation batteries 42,774.00 42,774.00
3 Electronics 62,624.00 62,624.00
4 Unallocated 84,634.00 84,634.00
Total Segment Asset 2,92,980.00 2,92,980.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 2,92,980.00 2,92,980.00
4 Segment Liabilities
Segment Liabilities
1 Industrial Batteries 23,100.00 23,100.00
2 Defence & aviation batteries 3,397.00 3,397.00
3 Electronics 30,606.00 30,606.00
4 Unallocated 15,478.00 15,478.00
Total Segment Liabilities 72,581.00 72,581.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 72,581.00 72,581.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The group's operations include Industrial batteries, Defence & Aviation batteries and Electronics, the segment revenue, segment results and segment assets and liabilities of other activities are individually below the threshold limit set out in paragraph 11 of Ind AS 108. Accordingly, Industrial batteries, Defence & Aviation batteries and Electronics segments are shown separately as reportable segments and others are included in unallocated segment. Inter segment revenue is measured at the market price at which the products are sold to external Customers. Figures of the previous quarters / periods have been regrouped, wherever necessary.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (95.00) (38.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 45.00 62.00
5 Total Other comprehensive income 50.00 (24.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,07,541.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs (4,750.00)
Adjustments for decrease (increase) in inventories 5,500.00
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current (28,467.00)
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (13.00)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 374.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities (9,639.00)
Adjustments for depreciation and amortisation expense (5,090.00)
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss (102.00)
Adjustments for provisions, current (14,837.00)
Adjustments for provisions, non-current (1,214.00)
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 1,816.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (60,054.00)
Net cash flows from (used in) operations 47,487.00
Dividends received 0.00
Interest paid 1,268.00
Interest received 1,816.00
Income taxes paid (refund) (29,929.00)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 77,964.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 11,200.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2,642.00
Purchase of property, plant and equipment 15,032.00
Proceeds from sales of investment property 598.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 2,381.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (25,373.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 1,074.00
Payments of lease liabilities 635.00
Dividends paid 0.00
Interest paid 8,315.00
Income taxes paid (refund) 1,268.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (11,292.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 41,299.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 41,299.00
Cash and cash equivalents cash flow statement at beginning of period 11,695.00
Cash and cash equivalents cash flow statement at end of period 52,994.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 LNR Associates Yes 30-11-2026