HBL Power System Receives 'Buy' Call from MarketsMOJO After Strong Q1 Results

May 27 2024 03:45 PM IST
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HBL Power System has received a 'Buy' call from MarketsMojo based on its outstanding financial performance in the quarter ended Mar 2024. The company's net sales, operating profit, PBT, PAT, and EPS have all shown a positive trend, indicating strong demand and improved efficiency. However, the non-operating income may not be sustainable.

Based on the financial results for the quarter ended Mar 2024, HBL Power System has received a 'Buy' call from MarketsMOJO. The company has shown outstanding performance with a score of 32, which is an improvement from the previous quarter's score of 37. This positive trend can be seen in various aspects of the company's financials.

One of the key highlights is the company's net sales, which have been consistently growing in the last five quarters and have reached a record high of Rs 610.09 crore in the Mar 2024 quarter. This shows a strong demand for HBL Power System's batteries in the market. The company's operating profit (PBDIT) has also seen a steady increase in the last five quarters, with the Mar 2024 quarter recording the highest at Rs 131.50 crore. This indicates that the company's efficiency has improved, leading to higher profits.

The profit before tax (PBT) and profit after tax (PAT) have also shown a positive trend, with the Mar 2024 quarter recording the highest figures at Rs 116.43 crore and Rs 98.29 crore respectively. This is a significant increase from the previous four quarters, showcasing the company's strong financial performance.

HBL Power System's earnings per share (EPS) have also seen a positive growth, reaching a high of Rs 2.94 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

However, one aspect that may not be sustainable is the non-operating income, which has seen a significant increase in the Mar 2024 quarter. This income is generated from non-business activities and may not be a reliable source of revenue for the company.

Overall, HBL Power System has shown a strong financial performance in the Mar 2024 quarter, which has led to a 'Buy' call from MarketsMOJO. With a positive trend in various aspects of the company's financials, it is a promising midcap company in the batteries industry.
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