Consumer Electronics company HPL Electric & Power announced Q1FY25 results: Financial Highlights: Revenue Growth: The Company’s revenue grew by 22.50% YoY, reaching Rs 392.91 crore in Q1FY25 from Rs 320.74 crore in Q1FY24, driven by positive secular momentum in Metering & Systems and Consumer, Industrial & Services product segments. Gross Margin: Gross profit for the quarter increased by 32.28% YoY to Rs 140.29 crore, reflecting an improved gross margin of 35.71%, up from 33.06% in the previous year. This improvement resulted from the company's e\iciency in managing costs and enhancing product value. EBITDA Growth: HPL saw a significant rise of 40.19% YoY to Rs 56.13 crore, with EBITDA margins expanding by 180 basis points to 14.29% from 12.48%. This robust performance was the outcome of strong operational e\iciency and e\ective cost management. Profit Before Tax (PBT) and Profit After Tax (PAT): PBT more than doubled, registering an increase of 113.40% YoY to Rs 23.01 crore, while PAT surged by 145.45% YoY to Rs 17.03 crore. The PAT margin improved by 217 basis points to 4.33% from 2.16%. This significant increase in profitability was the result of the successful execution of the Company's growth strategies and overall automation and operational improvements. Earnings Per Share (EPS): EPS also showed a marked increase of 145.37%, reaching Rs 2.65 in Q1FY25 from Rs 1.08 in Q1FY24. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power, remarked, “Our Q1FY25 results underscore our commitment to growth and innovation. As India advances in smart meter deployment, driven by continued government support through RDSS and AMISP, the demand for reliable and advanced smart metering solutions is paramount. For Q1FY25, our Metering & Systems segment has risen by 35.67% YoY to Rs 238.67 crore up from Rs 175.92 crore in Q1FY24. Our strategic focus on this sector has allowed us to capitalize on emerging opportunities, showcasing our ability to deliver consistent performance. We are also witnessing positive growth in our channel partners and a stabilisation in our LED lighting segment in Q1FY25, reflecting in the improved performance in the Consumer segment for this quarter. Our growing order book of over Rs 3700 crore provides us with greater stability and visibility for sustained revenue generation. Looking ahead, we are prepared for a new chapter of growth with our focus remaining on high-quality execution. Our investments in R&D; position us well to capture emerging opportunities as India fasttracks to becoming the world’s third-largest economy. We are committed to delivering with consistency and excellence in this financial year. Result PDF