Consumer Electronics company HPL Electric & Power announced Q2FY26 results Revenue for Q2FY26 grew 3% YoY to Rs 434.45 crore, change 2.87% YoY. EBITDA: Rs 65.90 crore against Rs 60.58 crore during Q2FY25, change 8.79% EBITDA margin improvement (+83 bps YoY to 15.17%). Profit After Tax (PAT) increased 3.58% in Q2FY26 to Rs 22.36 crore, change 3.58% YoY. EPS: Rs 3.46 for Q2FY26. Gautam Seth, Joint MD & CFO, said: “Our Q2 and H1 FY26 performance underscores the resilience of our model and an unmistakable tilt towards margin-led growth. While revenues were broadly stable, gross and EBITDA margins expanded further, with EBITDA holding above 15 percent and PAT margin around 5 percent. This has been driven by a sharper business mix: the Consumer & Industrial franchise grew 30 percent in Q2 and 23 percent in H1, now accounting for about 47 percent of revenues, with wires & cables and domestic switchgear leading the way and our Lighting portfolio returning to healthy double-digit growth after a softer phase. Smart metering remains our principal growth engine. We carry an order book of over Rs 3,300 crore, more than 98 percent of which is metering and almost entirely smart meters. The moderation in metering revenues this quarter was largely a function of inspection and dispatch timing rather than demand. Execution has already improved sequentially, and we expect a further step-up between November and March as AMISP-led roll-outs gather pace and our expanded assembly and component capacities are fully utilised. At the same time, we are steadily strengthening the HPL brand and franchise. In the first half, we invested Rs 7.7 crore in advertising and promotion ( around 2 percent of Consumer & Industrial sales)– across sports partnerships, exhibitions, activations and electrician engagement programmes, and we plan to scale this further in the second half. Our pan-India network of over 900 authorised dealers and 85,000+ retailers, underlines the growing depth of our distribution and the strength of our balance sheet. We remain focused on driving profitable growth, improving cash conversion and enhancing the quality and resilience of our earnings.” Result PDF