Comments
HBL Power Systems has posted a lower profit of ₹4.58 crore for the fourth quarter ended March 31, 2018, against a profit of ₹10.67 crore for the corresponding quarter last fiscal on a standalone basis.
The company posted lower total income of ₹426.69 crore (₹445.97 crore). The batteries and electronics company posted a profit of ₹29.65 crore and total income of ₹1646.83 crore for the financial year ended March 31, 2018, against a profit of ₹32.20 crore and total income of ₹1547.06 crore for the previous financial year.
The company has four subsidiaries — HBL Germany GMBH, HBL America Inc., SCIL Infracon and HBL Suntech and one joint venture Gulf Batteries Company Ltd. It could not come out with a consolidated financial results as the their numbers are yet to be finalised.
The board recommended a dividend of 25 per cent (25 paise for every share of ₹1 each) for the year 2017-18, subject to approval of members at the AGM. EPS stood at ₹1.07 for FY18 against ₹1.16 for FY17.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.