CIN : L40109TG1986PLC006745

Lalgad i Malakpet, Shameerpet Mandai,

R.R. Dist., Hyd erabad - 500 078 . T.S. INDIA
Phone : + 91 -8418- 301640-49 (10 Lines)
Fax No. 91-8148- 301 6 52
E-mail : contact@hbl.in

HBL

HBL Power Systems Ltd.

12 December 2016
The Department of Corporate Services
Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400 001
Fax No: 022-2272 1919/ 2272 2041

The Listing Department

National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (East)
Mumbai - 400 051
Fax No: 022-2659 8237 /38

BSE STOCK CODE: 517271

NSE CODE: HBLPOWER

Dear sir I madam,

OUTCOME OF THE BOARD MEETING HELD ON 12TH DECEMBER 2016

UNAUDITED FINANCIAL RESULTS (STAND ALONE ) FOR TH E QUARTER AND HALF

YEAR ENDED ON 30TH SEPTEMB ER 20 16.
At a meeting of the Board of Directors of the Company held on 121h December 2016,
the Board inter-alia approved (standalone) unaudited financial results of the
Company for the quarter and half year ended on 30th September 2016. A copy of the
same in enclosed.
This intimation is sent pursuant to Regulation 34(2), 47(1) and 53 of SEBI (LOADR)
Regulations 2015 read with SEB I circular CIR/CFD/FAC/62/2016 dated 5th July 2016
vide para 2.6.1 (i) .
Please take the above information on records and confirm.
Thanking You
Yours faithfully
For HBL POWER SYSTEMS LI MITED

MVSS Kumar
Company Secretary

HBL Power Systems Ltd

CIN: L40109TG1986PLC006745
8-2-601, Road No .10
Banjara Hills
Hyderabad- 500 034
Unaudited Financial Results for the half year ended 30th September 2016

HBL
Half year ended

Quarter ending
Particulars

1 Income from operations

(a) Sales I Income from operations
2

3
4
5
6
7

(b) Other Operating Income

Expenditure
a) Cost of Materials Consumed
b) Purchase of Stock-in-Trade
c) (Increase) I Decrease in Fin ished goods,
work in Progress and stock-in-trade
d) Employee Benefits expense
e) Depreciation and Amortisation expense
f) Other Expenses
Total Expens!S
Profit/(Loss) from operations before other income,
finance costs & exceptional Items (1-2)
Other Income
Profit/(Loss) from ordinary activities before
finance costs & exceptional Items (3+4)
Finance Costs
Profit/(Loss) from ordinary act ivites after

finance costs but before exceptional Items (5-6)

8 Exceptional items- {Income) I Expenditure
9 Profit/(Loss) from ordinary activities
before Tax (7-8)

10 Tax Expense I (credit)

Rs in Lakhs
For the Year

30-Sep-16
(Unaudited)

30-Jun-16
(Unaudited)

30-Sep-1S
(Unaudited)

30-Sep-16
(Unaudited)

30-Sep-15
(Unaudited)

37686.19

33162.79

34399.32

70848.98

68165.28

ended
31-Mar-16
(Audited)
128835.88

25422.29
289.62

22042.92
67.22

17453.87

47465.21
356 .84

41615 .95

76366.53
349.33

{1567.71)
2231.05
1363.11
7768.89
35507.25

(996.72)
2288.96
1268.41
6583.90
31254.69

4230.72
2342.22
1161.05
6976.81
32164.67

{2564.43)
4520.01
2631.52
14352.79
66761.94

1176.76
4752.77
2434.76
13363.57
63343.81

599.98
10280.99
4958.96
28049.85
120605.64

2178.94
524.89

1908.10
204.69

2234.65
276.26

4087.04
729.58

4821.47
441 .11

8230.24
1208.05

2703.83
1400.25

2112.79
1441.10

2510.91
1767.30

4816.62
2841.35

5262.58
3731.98

9438.29
5264.70

1303.58
42.38

671.69

743.61

1975.27
42.38

1530.60

1261.20
330.03

671.69
120.00

743.61
170.00

1932.89
450.03

1530.60
390.00

3277.43
1334.44

931.17

551.69

573.61

1482.86

1140.60

1942.99

931.17
{88.45)
842.72

551.69
(88.47)
463.22

573.61
(69.98)
503.63

1482.86
{176.92)
1305.94

1140.60
(139.96)
1000.64

1942.99

2530.00

2530.00

4173.59
896.16

11 Net Profit/(Loss) from ordinary activities

after Tax (9-10)
12 Extraordinary Items (net of tax expense)

13 Net Profit/(Loss) for the period (11-12)

14 Other Comprehensive Income (Net of tax)
15 Total Compre!hensive Income ( 13+14)
16 Paid-up equity share capital
(Face Value Re 1/- each)
17 Reserves excluding reva luation reserves
(as per Balance sheet of previous accounting year)
18 i Earnings Per Share (before extraordinary items)

2530.00

2530.00

2530.00

1942.99
2530.00
57415.11

(of Re 1/- each) (not annualised):

a) Basic
b) Diluted
ii Earnings Per Share (after extraordinary items)
(of Re 1/- each) (not annua lised):
a) Basic
b) Diluted

0.33

0.18

0.20

0.52

0.40

0.77

0.33

0.18

0.20

0.52

0.40

0.77

0.33
0.33

0.18
0.18

0.20
0.20

0.52
0.52

0.40
0.40

0.77
0.77

1 The company adopted Indian Accounting Standards (lnd AS) from April 1, 2016 as prescribed under Section 133 of the Companies Act, 2013
read together with the relevent rules issued thereunder and the Generally Accepted Accounting Principles in India . The date of transition to lnd
AS is April1, 2015. The financial results for the previous year ended March 31, 2016 are not lnd AS Compliant.
2 The Unaudited results for the quarter ended September 30, 2016 were reviewed by the Audit Committee in its meeting held on December 12,
2016 and approved by the Board of Directors at the meeting held on December 12, 2016. The results for the quarter/ha lf year ended 30th
September 2015 have not been subjected to review or audit. However, the management has exercised necessary due diligence to ensure that
the financial results provide a true and fair viewof its affairs.
3

Figures of the previous quarters have been regrouped, wherever necessary to correspond with the current quarter
which was adopted by the company with effect from April1, 2016.

period in terms of lnd AS

Reconciliatio n of Statement of Profit & Loss between Indian GAAP as previously reported and the Total Comprehsive Income as per lnd As is as
follows:
Particulars

Quarter ending

Half Year ending

30-Sep-15

30-Sep-15

Net Profit reported under Indian GAAP

557.95

1,228.99

Adjustments :

(392. 74)

Effect on Finance Cost due to Fari Valuation of Interest Free Loans

Effect on Employee Benefits due to constructive obligations

(785.48)
(5.99)

(0.32)

286.37

271.77

Effect of change in Inventory under lnd AS Adjustment

Effect of Deferred Government Grants

13.98

27.96

Effect of lnd AS Adjustment on Service In come

71.46

287.42

69.98

139.96

Acturial Gains I (Losses) recognised in OCI

Others

(18.47)

Net Profit as per lnd AS

573.61

Other Comprehensive Income

(69.98)

Total Comprehensive Income under lnd AS

503.63

By order of the Board

for HBL Power Systems Ltd

(38.63)
1,140.60
(139.96)
1,000.64

For Rao & Kumar

Chartered Accountants
Firm

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Chairman & Managing Director

Anirban Pal

Place: Hyderabad
Date: 12/12/2016

Place: Hyderabad
Date: 12/12/2016

Partner
M.No: 214919

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HBL Power Systems Ltd

8-2-601, Road No.lO
Banj ara Hills, Hyderabad - 500 034
( Rs In lakhs )

StatPment of Assets & Liabilities

Particulars

lsi.No
A
1

39397.39

40273.05

Capital Wo rks in Progress

Other Inta ngible Assets

2017.10
2039.94

1661.57
1859.61

Intangible Assets under development

Financi al Asset s

2798.41

(ii)

Investments
Loans

(iii)

Other Financial Assets

1465.02
1069.58
1668.41

(f)

Other Non Current Assets

(c)
{d)

(e)
(i)

Sub-total - Non-Current Assets

Current Assets
(a) Inventories
(b) Financial Assets
{ii)

Trade Receivables
Cash and cash equivalents

(iii)

Bank Balances others

(i)

(iv)

Loans

(v)

Other Financial Assets

(c)

Other Current Assets

Sub-tot al - Current Assets

TOTAL ASSETS
B

EQUITY AND LIABILITIES

Equity

(a)

Equity Sha re Capital

(b) Other Equity

Sub-total - Shareholders' funds

70.75

46252.84

3513.01

47307.24

2274.98
1197.36
2088.51
4273.76

169.43

5730.29

50526.60

53037.53

43388.25

48982.76

39386.55
1007.95
1795.55
486.62

39534.96
960.84
2524.90

642.56

1327.47

7022.45

6658.58

93729.93

100806.21

144256.53

153843.74

2530.00
55644.73

60501.25

58174.73

63031.25

17343.38

16277.73

816.70

2530.00

Non Current Liabilities

(a)

Financial Liabilities

(i)

Borrowings

(b) Provisions
(c)

Deferred Tax Liabilities (Net)

(d) Other non-current liabilities

Sub-total - Non-Current Liabilities
3

(Unaudited)

ASSETS

(b)

(Unaudited)

As at 30-09-2015

Non Current Assets

(a) Property, Plant and Equipment

As at 30-09-2016

188.55

227.89

1270.D7

1596.16

195.73

251.65

18997.73

18353.43

37657.04

37828.23
15080.17

Current Liabilities

(a) Financial Liabilities

(i) Borrowings
(ii) Trade Payables
(iii) Other financial liabilities
(b) Other Current Liabilities
(c)

Provisions
Sub-total - Current Liabilities

TOTAL - EQUITY AND LIABILITIES

18964.90
3278.78

6234.22

5314.48
1868.87

11364.71
1951.72

67084.07

72459.06

144256.53

153843.74

The above figures are re-stated In compli ance with lnd AS requirement and are hence not comparable with the
results pulished earlier.
By order ofthe Board

For Rao & Kumar

For HBL Power Systems Ltd

Chartered Accountants
Firm Registration No. 0308 ~~

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Chairman & Managing Director

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HBL

Segment-wise Revlnue, Results and Capital Employed

(Rs in Lakhs)

For the quarter en ded 30st September 2016

Half year ended

Quarter ended
30-Sep-16
(Unaudited)

30-Jun-16
(Unaudited)

30-Sep-15
(Unaudited)

30-Sep-16
(Unaudited)

30-Sep-15
(Unaudited)

31-Mar-16
(Audited)

Segment Revenue

Batteries
Electronics
Unallocated
Total
Less: lntersegn ent Revenue

33490.28
2339.10
1862.34
37691.72

Sales/Income rom Operations

5.53

21076.82
10016.98
2109.48
33203.28
40.49

28902.93
2045.79
3711.77
34660.49
261.17

54567.10
12356.08
3971.82
70895.00
46.02

60366.56
3315.94
5297.62
68980.12
814.84

103325.61
15898.33
10044.27
129268.21
432.33

37686.19

33162.79

34399.32

70848.98

68165.28

128835.88

Segment Results

3659.71
(60.71)
187.69

2006 .50
1004.16
187.70

2509.46
(85.32)
785.40

5666.21
943.45
375.39

6855 .22
(678.46)
722.56

11198.18
750.8 5
574.46

3786.69
1400.25

3198.36
1441.10

6985.05
2841.35

6899.32
3731.98

12523.49
5264.70

42.38
1607.75
524.89

1290.26
204.69

3209.54
1767.30
-

974.89
276.26

42.38
2898.01
729.58

2077 .85
441.11

896.16
4293.25
1208.05

1261.20

671.69

743.61

1932.89

1530.60

3277.43

Segment Assets
Batteries

101913.12

92715.13

114154.09

101913.12

114154.09

99927.91

Electronics
Unallocated

16189.24
26154.16

21310.58
30086.54

20232.43
19457.22

16189.24
26154. 16

20232.43
19457.22

20798.67
23794.62

144256.52

144112.25

153843.74

144256.52

153843.74

144521.20

16597.40

13179.81

21411.98

16597.40

21411.98

15707.69

5005.67

6175 .65

8339.21

5005.67

8339.21

5868.2 1

64480.72

64348.45

61061.30

64480.72

61061.30

63000.19

86083.79

83703.91

90812.49

86083.79

90812.49

84576.09

Batteries
Electronics
Unallocated
Total

Less: i) lnterTt
ii ) Excep ionalltems-(lncome)/Expense
ii) Unallo cable Expenditure net of
iii) Unallocable Income
1

Total Profit B fore Tax after Extraordinary

Items

Segment Liabilities

Batteries
Electronics
Unallocated
Total

Notes:
( a ) The company' operations include Batteries of different types, Electronics, Railway Signalling contracts etc. Except for Batteries and El ectro nics,
the segment r venue, the segments results and the segments assets and liabilities of other activities are individually below the threshold limit of
10% as provid d in AS-17 "Segment Reporting". Accordingly, Batteries and Electronics segments are shown separately as reportable segmen ts
and others are included in Unallocated segments.
( b ) Batteries and lectronics segment comprises of various types of products for defence, aviation, telecom and industrial application.

(c) Inter segment evenue is measured at the market price at which the products are sold to external Customers
By order of the Board
For HBL Power Systems Ltd

A. -:r:

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Dr. A J Prasad
Chairman & Managing Director

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Place: HyderatJad
Date: 12/12/2 16

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Limited Review Report

Review Repo t to
The Board of Directors

Partner
M.No. 214919

Visakhapatnam :
Door No: 10-50-19/4
Soudhamani, Sil'ipuram
Visakhapatnam- 530 003
Phone: +91 891 -2755327,2759369
Fax : +91 891 2738554.