HBL Engineering share price jumps 2.4% after securing ₹1,740 crore order

HBL Engineering's share price rose over 2.4% on Friday morning after the company announced securing a major order for its locomotive accident prevention equipment, KAVACH. The share price traded at ₹837 apiece on the NSE at 11:00 am

HBL Engineering has secured a letter of acceptance (LoA) worth ₹1,714 crore (excluding 18% GST) from Chittaranjan Locomotive. The order involves supply, installation, testing and commissioning of On-board KAVACH Loco equipment (Ver. 4.0). The order is to be completed within 12 months.

The sales figure stood at ₹597 crore for the March 2026 quarter. The mentioned figure indicates a growth of about 29.92% as compared to ₹459.7 crore during the year-ago period. Net profit stood at ₹57 crore compared to ₹51.2 crore in the corresponding previous quarter,high by 11.51%. The company reported a good operating profit of ₹87.3 crore compared to ₹85.3 crore of the corresponding previous quarter.

Earlier this month, the company secured a similar order from Patiala Loco Works. The company said in the exchange filing that “ HBL Engineering has received an order worth ₹83.81 crore (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab, for the supply, testing and commissioning of On-board KAVACH equipment (Ver. 4.0). The said order will be completed on or before April 15, 2027”.

On a YTD basis, the company has delivered negative 9% returns in 2026 and 41% on a year basis.

HBL Engineering (formerly HBL Power Systems) is the pioneer in the design, development and manufacture of specialised batteries and DC systems in India. It has more than 30 years of experience in the field of specialised batteries and DC power systems.