Good operational performance from HBL for q1 fy 23.
Revenues up from 233 to 322 crores.
Operating profit up from 7 to 29 crores. (last year there was an exceptional income of 15 crores which had inflated profit figures)
PBT up from 22 to 29 crores. (not comparable due to exceptional item last year)
Net profit flat 20 cr vs 20 cr. (again not comparable because of exceptional item of 15 cr last year)
For those wanting to look at results in details, segmental results provides interesting reading. Both batteries and electronics division have shown improved and turnaround performances respectivelyu.
hbl q1 fy 23.pdf (1.5 MB)