HBL Power Systems Limited, earlier known as Sab Nife Power Systems, is a company specialising in batteries and power systems. It is headquartered in Hyderabad.
It started the business with the objective of manufacturing nickel-cadmium pocket plate batteries. The first products successfully developed were aircraft batteries, eventually leading to HBL offering the world's widest range of specialised batteries.
In 1991, HBL Power Systems Limited started manufacturing 10KVA UPS (uninterrupted power supply) and allied battery products with an initial estimated capacity of 200 units per annum. During the same year, the company got into a collaboration arrangement with NIFE Sweden. It expanded its production by including lead acid batteries in the factory based at Lalgudi in Rangareddy district of Andhra Pradesh.
The market capitalisation of HBL Power Systems Ltd stood at over ₹13,300 crores as of January 24, 2024. HBL Power Systems share price has moved by over 1250% in the last three years.
Business operations
HBL Power Systems designs, develops and produces specialised batteries and DC systems in India. The company's product portfolio includes various types of batteries including nickel cadmium, lead acid, lithium and silver zinc. It also offers electronic solutions such as railway electronics, defence electronics, and thyristor control rectifiers.
The company has five major manufacturing facilities located in Telangana and Andhra Pradesh. Its global reach extends to over 50 countries. The company has a team strength of 1,720 professionals, as of March 31, 2023.
The company has established its international market presence through subsidiaries in the USA called HBL America which is located in Rocky Hill, Connecticut, to provide commercial and technical support to the company’s US representative and expand the customer base. HBL America Inc. supplies both lead-acid and nickel-cadmium batteries for backup power in critical applications in aviation, telecom, industrial manufacturing, oil and gas production and utility and railway sectors.
The company also has a joint venture collaboration with Gulf Battery Company LLC in Saudi Arabia to manufacture specialised batteries under the brand name HBL Power Systems. HBL is also present in continental Europe, the UK and a few other countries through their sales and marketing offices.
Within the industrial batteries segment, HBL Power Systems Limited is the only Indian company offering high-powered pure lead thin plate (PLT) batteries. In the defence and aviation electronics segment, it has established itself as a key supplier of batteries for diverse defence applications and first introduced the Train Collision Avoidance System (TCAS) for Indian Railways. The company holds the distinction of being the world's second-largest manufacturer of nickel-cadmium (NCPP) batteries featuring pocket plate, sintered plate and fibre plate technologies. It has also adopted Lithium-Ion battery technology for defence purposes.
HBL Power Systems Financial Highlights
- Revenue: HBL Power Systems reported revenue of ₹3,361.82 crore in FY26 vs ₹1,993.29 crore in FY25. It showed an increase of 68.66% on a yearly basis.
- Operating Profit: HBL Power Systems reported an operating profit of ₹1,075.41 crore in FY26 vs ₹359.94 crore in FY25. It showed an increase of 198.77% on a year-on-year basis.
- Net Profit: HBL Power Systems reported a net profit of ₹802.44 crore in FY26 vs ₹262.57 crore in FY25. It showed an increase of 205.61% on a yearly basis.
HBL Power Systems Quarterly Result Highlights
- HBL Power Systems reported revenue of ₹658.59 crore in Jun 2026, compared with ₹617.15 crore in Mar 2026, representing an increase of 6.71% on a quarter-on-quarter (QoQ) basis.
- HBL Power Systems reported an operating profit of ₹149.45 crore in Jun 2026, compared with ₹67.45 crore in Mar 2026, representing an increase of 121.57% on a quarter-on-quarter (QoQ) basis.
- HBL Power Systems reported a profit of ₹110.91 crore in Jun 2026, compared with ₹55.18 crore in Mar 2026, reflecting an increase of 101.00% on a QoQ basis.
- The earnings per share (EPS) of HBL Power Systems stood at ₹29.39 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
