Q1FY27 earnings: revenue up 35% YoY to INR 515 cr, order book at INR 3,200 cr
HPL · price
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HPL Electric posted Q1FY27 revenue of INR 515 cr, up 35% YoY, its highest ever Q1. EBITDA rose 9% to INR 63 cr, PAT at INR 19 cr. Consumer and Industrial segment grew 55% to INR 278 cr led by wires and cables up 79%. Smart metering grew 17% to INR 234 cr. Order book at INR 3,200 cr with metering over 96%. Margins moderated to 12.26% on raw material inflation from West Asia conflict. Management guides margin improvement by Q3 via pricing actions, design changes and alternate materials. Cash profit rose 21%.
Strong revenue growth and large order book signal positive momentum. Margin pressure is a near-term concern but management expects improvement by Q3.