Unaudited Financial Results for the Quarter ended June 30, 2025 and reconstitution of Stakeholders Relationship Committee
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Awaiting price reaction for this filing.
High Energy Batteries reported its Q1 FY26 results on July 19, 2025, with total income falling to Rs. 1,418.21 lakhs from Rs. 1,897.98 lakhs in the same quarter last year, a drop of about 25%. Revenue from sale of products declined to Rs. 1,326.23 lakhs versus Rs. 1,730.14 lakhs YoY. Profit before tax shrank sharply to Rs. 105.31 lakhs from Rs. 387.46 lakhs, and net profit after tax fell to Rs. 78.36 lakhs from Rs. 288.06 lakhs, an almost 73% decline. EPS came in at Rs. 0.87 versus Rs. 3.21 in Q1 FY25. The Lead Acid Storage Batteries division continues to remain suspended and posted a segment loss of Rs. 11.49 lakhs. Separately, the Board reconstituted the Stakeholders Relationship Committee with Mrs. Lalitha Lakshmanan as Chairperson. The statutory auditor issued an unqualified limited review report.
Weak quarter with sharp YoY declines in revenue and profits despite the company remaining profitable. Margin compression and continued suspension of the Lead Acid division may weigh on investor sentiment, though the clean auditor report and positive bottom line provide some comfort.