HBL Power Systems nets ₹8.7 crore in Q3

V Rishi Kumar

Representative image

Hyderabad, February 8

HBL Power Systems Limited has posted a lower profit of ₹8.77 crore for the third quarter ended December 31, 2017 as against a profit of ₹9.58 crore for the corresponding quarter last year.

The Hyderabad-based batteries and electronics company saw increase in its revenues for the third quarter at ₹417.17 crore as against ₹385.30 crore for the corresponding quarter last year.

For the nine months ended December 2017, the company closed with a profit of ₹27.19 crore and income of ₹1,220 crore as against a profit of ₹25 crore and income of ₹1,101 crore for the nine months of the previous fiscal.

The company said post the applicability of GST with effect from July 1, 2017, sales are required to be disclosed net of GST. Accordingly, the sales figures for the quarter and nine months ended December 2017 are not comparable with the previous periods presented in the results.

HBL Power shares were trading at ₹59.45, up 6.45 per cent BSE during the day.

Published on February 08, 2018
TOPICS

Previous Story Stempeutics ties up with Alkem Labs for phase-III trials for osteoarthritis product

Next Story Bharat Forge net profit jumps 77% to Rs 228 cr

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.