HBL Engineering Ltd.'s share price fell to the lowest level in eight months, after its third quarter earnings disappointed the street. The company's consolidated net profit declined 18% on the year to Rs 64.61 crore from Rs 79.04 crore.
Its topline declined 24.8% on the year to Rs 450.56 crore from Rs 599.26 crore. Its operating profit fell 17% on the year to Rs 93.56 crore from Rs 113.20 crore.
However, HBL Engineering's margin rose 190 basis points on the year to 20.8% from 18.9%.
HBL Engineering Share Price
HBL Engineering share price declined 11.11% to Rs 470 apiece, the lowest level since June 7. It pared losses to trade 8.42% down at Rs 484.25 as of 9:48 a.m., as compared to a 0.26% decline in the NSE Nifty 50.
The stock hit a 52-week high of Rs 739.65 apiece on Dec. 16, 2024. Its one-year low is Rs 378.20, which the stock touched on March 14, 2024.
The stock has declined 9.59% in 12 months. Total traded volume so far in the day stood at 6.5 times its 30-day average. The relative strength index was at 32.70.
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