Approval of Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026
HPL · price
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HPL Electric reported FY2026 standalone revenue of Rs. 1,85,800 lakhs, up 10.3% YoY from Rs. 1,68,440 lakhs. Net profit declined 4.3% to Rs. 8,306 lakhs vs Rs. 8,680 lakhs due to higher material costs and finance expenses. Consolidated revenue stood at Rs. 1,81,110 lakhs with net profit of Rs. 9,125 lakhs (down 2.9% YoY). EBITDA margin expanded marginally to ~9.5%. The company recognised an exceptional charge of Rs. 535.50 lakhs (net) in Q3 for employee benefit obligations under new labour codes, partially offset by Rs. 180 lakhs litigation settlement. Depreciation increased significantly to Rs. 6,019 lakhs from Rs. 3,887 lakhs due to new asset additions. The Board recommended final dividend of Rs. 1 per share (10%). Auditors gave an unmodified opinion with no qualifications.
Revenue growth of ~10% is healthy but PAT declined 4.3% due to higher input costs and depreciation. The sharp increase in borrowings (non-current debt up 5x to Rs. 9,983 lakhs) raises leverage concerns and warrants monitoring.