HPL Electric & Power Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Press Release".
HPL · price
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Awaiting price reaction for this filing.
HPL Electric & Power reported its Q1 FY26 results with revenue declining 2.51% year-on-year to ₹383.03 crore, but profitability improved across the board. Profit after tax rose 8.51% to ₹18.48 crore, and EPS grew 8.30% to ₹2.87. EBITDA margin expanded by 85 basis points to 15.14%, while gross margin improved sharply by 232 basis points to 38.03%, supported by better product mix and cost discipline. The Consumer & Industrial segment was the key growth driver, with revenue up 16.12% and EBIT up 22.95%, while the Metering & Systems segment saw a 7% revenue decline due to delayed project dispatches. The company has a strong order book of over ₹3,000 crore, with 99% tied to smart metering projects.
Despite a slight top-line decline, the improvement in margins and profit growth signals better operational efficiency and a healthy shift toward higher-margin businesses. Shareholders may view this positively as the Consumer & Industrial segment is reducing dependence on the cyclical metering business, though near-term metering revenue remains soft due to execution delays.