HBL Engineering's credit outlook revised to positive by CARE Ratings

HBL Engineering Limited's credit ratings have been reaffirmed with a revised positive outlook by CARE Ratings Limited, as communicated on October 10, 2025. The long-term bank facilities and long-term/short-term bank facilities have received a 'CARE A+; Positive' rating, indicating a revision of the outlook from stable to positive. The short-term bank facilities maintain a reaffirmed 'CARE A1+' rating.

The total long-term facilities amount to INR 156.50 crore, reduced from INR 175.25 crore previously. This includes a INR 7.50 crore term loan from Axis Bank Ltd. and INR 149.00 crore in fund-based limits from State Bank of India, Axis Bank Ltd., and ICICI Bank Ltd. The total short-term facilities stand at INR 671.00 crore, enhanced from INR 471.00 crore. These comprise INR 95.00 crore in fund-based limits and INR 492.00 crore in non-fund based limits, along with INR 84.00 crore in non-fund based limits from ICICI Bank Ltd.

Additionally, the company has total long-term/short-term facilities amounting to INR 350.00 crore, consisting of a WCDL facility and an overdraft from ICICI Bank Ltd. and Axis Bank Ltd., respectively. The total facilities across all categories amount to INR 1,177.50 crore. This update follows a review of the company's operational and financial performance for FY25 (audited) and Q1FY26 (published).