Kavach 'Train Collision Avoidance System' - Railway Electronic Company's Stock Rally on Friday; Gains Over 260 per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 1000 per cent in the past 3 years only.
Incorporated in 1983, HBL Power System Ltd manufactures and services a diverse range of batteries, e-mobility solutions, and other products. Within its Railway Electronics division, the company offers flagship products such as TCAS (Train Collision Avoidance System) for safety and TMS (Train Management System) for efficient track utilization. In 2021, the Indian government adopted TCAS as the national Automatic Train Protection system, branded as KAVACH.
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On Friday's trading session, the share of HBL Power System Ltd opened at Rs 536.25 per share, compared to the previous day's closing figure of Rs 529.90 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market. The current market capitalization stands at Rs 15794.57 crore, and the stock has generated an impressive multibagger return of over 260 per cent in just 1 year only.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, HBL Power System Ltd recorded a revenue of Rs 610 crore. The operating profit for Q4 FY24 stood at Rs 131 crore. The net profit for Q4 FY24 was Rs 81 crore. Looking at the annual performance, the company generated a revenue of Rs 2233 crore in FY24, compared to Rs 1369 crore in FY23. The operating profit for FY24 was Rs 423 crore, with a net profit of Rs 280 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.