High Energy Batteries: PAT soars 184% YoY to ₹5.73 Cr as margins swing sharply positive
PAT +184.37% YoY · revenue +68.12% · margins expanding
₹29.08 Cr
+68.12% YoY
₹5.73 Cr
+184.37% YoY
19.47%
+10.1pp YoY
₹6.39
High Energy Batteries (standalone; the company has no subsidiary, associate or joint venture) swung to a ₹5.73 Cr net profit in Q2 FY27, up 184.4% YoY from ₹2.01 Cr a year ago, as revenue from operations grew 68.1% YoY to ₹29.08 Cr from ₹17.30 Cr. The improvement is operating-led rather than one-off driven: EBITDA margin (EBITDA/revenue) expanded to 28.1% from -4.3% a year earlier, and net profit margin rose to 19.5% from 9.4%, while other income actually fell to ₹0.36 Cr from ₹4.10 Cr in the year-ago quarter — meaning last year's pre-tax profit was partly propped up by non-operating income that this year's print did without. The Aerospace, Naval and Power System Batteries segment, the core business, posted a segment profit of ₹8.46 Cr versus ₹3.40 Cr a year ago (+149%), while the smaller Lead Acid Storage Batteries division stayed loss-making at -₹0.14 Cr. Against the preceding quarter the swing is sharper still — Q1 FY27 had posted a ₹1.82 Cr loss on revenue of just ₹7.88 Cr — but that comparison reflects the lumpy, order-driven revenue recognition typical of this defense-ancillary business rather than a seasonal pattern, and should not be read as the underlying trend.
Q2 FY-2027 vs prior quarters
There is no analyst or street coverage found for this roughly ₹500 Cr market-cap stock (confirmed via web search), so vsStreet is unknown; management has also issued no formal guidance on record, and no press release accompanying this filing was available to cross-check its own framing of the quarter. The filing's only forward-looking disclosure is procedural: a proposal to revive the loss-making Lead Acid Storage Batteries division is under evaluation, with a final decision slated for Q4 FY27. No exceptional items appear in either the current or year-ago quarter, so the YoY and QoQ comparisons above are on a clean, like-for-like basis — unlike FY26 as a whole, which carried a ₹1.25 Cr exceptional item.
The stock went into the print at ₹515, down 13.8% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters.
What the summary numbers don't show
Basic EPS ₹6.39 vs ₹2.25 YoY (not annualised)
W1
Lead Acid Storage Batteries division revival proposal — final decision due in Q4 FY27 per company disclosure
W2
Whether Q3 FY27 sustains this quarter's aerospace/naval order-execution pace, given revenue swung from ₹7.88 Cr in Q1 FY27 to ₹29.08 Cr in Q2 FY27
W3
Other income run-rate — this quarter's ₹0.36 Cr is well below the ₹4.10 Cr seen a year ago; its level affects reported PBT independent of core operations
No consolidated statement (company has no subsidiary/associate/JV); no exceptional items in current or year-ago quarter so comparisons are clean; figures cross-checked against the duplicate 'News Paper Publication' extract table, all reconcile exactly despite some OCR noise on the primary table.