Profit before tax (PBT) soared 386.7% YoY to Rs 520.36 crore in Q2 FY2026.

Total expenses increased 62.84% YoY to Rs 694.47 crore during the quarter compared with Rs 426.47 crore posted in corresponding quarter last year. During the quarter, cost of material consumed stood at Rs 378.55 crore (up 40.03% YoY), employee benefit expenses stood at Rs 77.78 crore (up 76.25% YoY) and finance cost stood at Rs 3.46 crore (up 24.01% YoY).

For Q2 FY26, the company’s industrial batteries segment posted revenue of Rs 387.56 crore, up 1.78% YoY. The electronics segment witnessed an eightfold YoY rise to Rs 793.59 crore, while the defence and aviation batteries segment slipped 13.87% YoY to Rs 29.81 crore during the quarter.

HBL Engineering (formerly known as HBL Power Systems) manufactures different types of batteries, including lead acid, NiCad, silver zinc, lithium, and railway & defense electronics and other products.

The scrip hit an all-time high at Rs 1,121.95 in intraday today.