HPL Electric Q4 FY26 earnings: revenue tops 1,800 cr, order book at 3,200 cr

HPL Electric FY26 revenue crossed 1,800 cr; Q4 hit 500 cr for the first time. EBITDA grew ahead of revenue. C&I segment up 26 percent to 784 cr (43 percent of revenue); wires and cables grew 50 percent to 340 cr. Smart metering order book stands at 3,200 cr with 97 percent from metering. Management guides C&I to cross 1,000 cr in FY27. C&I margins were under pressure from commodity costs; expected to recover as price hikes pass through. New Neeram Pulse water meter facility launched in Gurugram. Debt seen flat this year.