HIGH ENERGY BATTERIES Q2 : STANDALONE NET PROFIT UP 184% AT ₹5.73 CR (YOY), PROFIT VS LOSS (QOQ). STRONG (ON 1ST LOOK)

Revenue up 68.1% at ₹29.08 Cr (YOY), up 268.8% (QOQ). Ebitda up 153.7% at ₹8.54 Cr (YOY); margins 29.4% v 19.5% (YOY), negative (QOQ). Profit before tax up 184.0% at ₹7.70 Cr (YOY), profit vs loss (QOQ). H1 net cash from operating activities negative at ₹0.64 Cr; borrowings rose to ₹17.71 Cr from ₹11.56 Cr.

High Energy Batteries India Ltd

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