New Delhi, Aug. 11 -- Shares of HBL Engineering, a leading player in the battery and power systems sector, rose 14.2% in intraday trade on Monday, August 11, hitting a nine-month high of Rs.684.85 apiece. The surge came in response to the company's stellar performance in the June-ending quarter.

The company reported its highest-ever quarterly net profit in Q1 at Rs.143 crore, a 79% jump from Rs.80 crore posted in the same period last year and a 217% surge from Rs.45 crore reported in the preceding March quarter. The profit was driven by its Electronics division, which saw revenue jump to Rs.180 crore from Rs.87 crore in the June quarter of the previous year.

Revenue from its mainstay battery segment came in at Rs.337 crore, accounting f...