High Energy Batteries India Ltd (504176)

High Energy Batteries (India) Ltd reported a weak set of results for Q1 FY27, swinging to a net loss of •1.82 Cr from a profit of •0.78 Cr in the same quarter last year. Revenue from operations declined significantly by 42.7% YoY to •7.60 Cr, primarily due to a sharp contraction in the Aerospace and Naval battery segment. The company also voluntarily adopted a Dividend Distribution Policy and reconstituted its Audit Committee. Operations in the Lead Acid Battery division remain suspended, continuing to weigh slightly on the bottom line.

• Revenue from operations fell 42.7% YoY to •7.60 Cr from •13.26 Cr in Q1 FY26
• Reported a net loss of •1.82 Cr against a net profit of •0.78 Cr in the year-ago period
• Aerospace, Naval, and Power System segment revenue dropped to •7.88 Cr from •13.27 Cr YoY
• Total expenses of •10.53 Cr exceeded total income of •8.09 Cr for the quarter
• Inventory changes showed a significant credit of •8.71 Cr, indicating a build-up of work-in-progress or finished goods

High Energy Batteries reported a weak Q1 FY27, swinging to a net loss of ₹1.82 Cr from a profit of ₹0.78 Cr in the same quarter last year. Revenue from operations declined 42.7% YoY to ₹7.60 Cr, primarily due to lower sales in the core Aerospace and Naval battery segment. The company reported a loss before tax of ₹2.44 Cr, a sharp reversal from the ₹1.05 Cr profit in Q1 FY26. The Lead Acid Storage division remains suspended, contributing a segment loss of ₹0.14 Cr.

• Revenue from operations fell 42.7% YoY to ₹7.60 Cr from ₹13.26 Cr in Q1 FY26
• Net loss of ₹1.82 Cr recorded against a profit of ₹0.78 Cr in the year-ago period
• Aerospace, Naval, and Power System Batteries segment revenue dropped to ₹7.88 Cr from ₹13.27 Cr YoY
• Total expenses of ₹10.53 Cr exceeded total income of ₹8.09 Cr for the quarter
• Earnings Per Share (EPS) declined to -₹2.02 from ₹0.87 in Q1 FY26