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News Topical, Digital Desk : HBL Engineering Limited's stock has seen a sharp rise today, marking the third consecutive day of the week. This surge in the company's stock follows a large order from the Railways. On Wednesday, February 11th, the company's shares rose nearly 4% after it received a Letter of Acceptance (LoA) from Banaras Locomotive Works for the supply, testing, and commissioning of on-board KAVACH equipment.
The company's order is worth ₹800.36 crore, including 18% GST. This order relates to KAVACH version 4.0, an indigenous automatic train protection system being implemented on the Indian railway network.
The work is expected to be completed within 12 months.
In a regulatory filing, the company stated that the contract is to be completed within 12 months. KAVACH is a key defense system for Indian Railways, and this new order further strengthens the company's position in the railway safety and signaling segment. This sector has seen rapid activity in recent years due to increased railway capex. HBL Engineering, formerly known as HBL Power Systems, operates in the defense, railway, and industrial electronics sectors. KAVACH has emerged as a key growth driver in recent order inflows.
Strong Quarterly Results: The company's net profit increased more than three-fold in the December quarter (Q3FY26). On a standalone basis, net profit increased from ₹61.48 crore to ₹217.69 crore. Income from operations increased from ₹454.66 crore to ₹863.65 crore. The company's stock is currently trading at ₹809.65, up 3.76%. Over the past six months, the stock has returned approximately 17.92%.
Read More: Stock Crash: Shock from Q3 results! Company shares plunged 12 percent
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