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
Consumer Electronics company HPL Electric & Power announced Q1FY26 results Revenue: Rs 383.03 crore compared to Rs 392.91 crore during Q1FY26, change -2.51%. EBITDA: Rs 57.99 crore compared to Rs 56.13 crore during Q1FY26, change 3.32%. EBITDA Margin: 15.14% for Q1FY26. PBT: Rs 25.02 crore compared to Rs 23.01 crore during Q1FY26, change 8.72%. PAT: Rs 18.48 crore compared to Rs 17.03 crore during Q1FY26, change 8.51%. PAT Margin: 6.53% for Q1FY26. EPS: Rs 2.87 for Q1FY26 Gautam Seth, Joint MD & CFO, said: “Our Q1FY26 performance reflects disciplined execution and our focus on growth. While revenue moderated slightly year on year, profitability improved across the board. The Consumer and Industrial franchise provided the primary uplift, with net revenue up 16.12 % and EBIT up 22.95 %, helped by offtake in domestic switchgear and wires and cables, and tighter operating discipline that widened margins. I’m pleased to note that our Consumer and Industrial business is coming into its own as a granular, domestically anchored franchise that serves both B2B and B2C electrical demand. Several quarters of channel building, distribution network strengthening and sustained brand investment are now translating into scale and earnings quality. A broader, higher-quality portfolio and stronger quality recognition across trade, institutional and end-user accounts lifted its share of consolidated revenue to 46.8 % in Q1FY26 from 39.3 % a year earlier, and its share of combined segment EBIT to 35.9 % from 29.6 %. Our network of more than 85,000 retailers and ongoing R&D; will be important enablers for the next phase of growth in FY26. Unlike other meter-centric peers, whose performance hinges on rollout milestones, our Consumer and Industrial vertical aligns with India’s real economy across B2B capex and B2C replacement cycles, anchoring a diversified model that participates at the shop-floor and household level, and thereby delivers broader, more granular growth with a stronger, more durable earnings mix. This diversified model is further enhanced by growing contributions from our export operations. On the metering front, we intend to convert the smart metering opportunity with an order pipeline currently at more than Rs 3,000 crore, remain focused on execution under the AMISP framework, and continue selective cost optimisation and strategic investments to sustain profitability and further strengthen our balance sheet". Result PDF
Consumer Electronics company HPL Electric & Power announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Increased by 16.14% to Rs 492.54 crore from Rs 424.09 crore in Q4FY24. EBITDA: Grew by 48.92% to Rs 82.24 crore from Rs 55.22 crore. EBITDA Margin: Expanded by 368 bps to 16.70%. PAT: Surged by 171.79% to Rs 37.28 crore from Rs 13.72 crore. PAT Margin: Improved by 434 bps to 7.57%. FY25 Financial Highlights: Revenue from Operations stood at Rs 1,700 crore for FY25 compared to Rs 1,460 crore for FY24 EBITDA stood at Rs 254.65 crore for FY25 compared to Rs 192.15 crore for FY24 PAT stood at Rs 94 crore for FY25 compared to Rs 43.6 crore for FY24 EBITDA Growth (32.5%) and Margin Expansion (182 bps) Management Commentary – Gautam Seth, CFO & Joint MD, “FY 2025 was a defining year for us. The decisive steps we took to tighten execution are now visible on the bottom line. Fourth-quarter profit after tax more than doubled sequentially and rose 170 percent year-on-year to a high of Rs 37.3 crore, while EBITDA margin widened to 16.7 percent, an uplift of 368 basis points over last year and 251 basis points versus Q3. These gains stem from a richer product mix, sharper procurement, and early automation benefits. For the full year, EBITDA increased 32.5 percent, taking profit after tax to Rs 94 crore. Beneath those headline numbers each business line is moving decisively in the right direction. Wire and Cable has now delivered three consecutive years of growth, compounding at roughly twenty to twenty five percent, and we continue to see robust traction as national infrastructure spending and a revitalised real estate cycle gather pace. Switchgear too has performed well, even as pockets of domestic industrial demand remain subdued, thanks to our sharper focus on value added ranges and channel expansion. Lighting has turned the corner, posting a thirty one percent surge in the fourth quarter and six point six percent growth for the year, signalling an industry-wide recovery that we are well placed to lead. In Smart Metering, execution momentum is accelerating; with AMISPs eager for deliveries the order inflow remains strong, and our Rs 3,500 crore book, ninety nine percent of which relates to smart meters, gives us multi-year visibility in what is becoming a marathon of nationwide roll-outs. Our balance sheet remains a source of strength. Net debt to EBITDA stays comfortably below one point five times, giving us room to invest in capacity, automation and technology without straining leverage. As we look to FY 2026 our priorities are clear: scale up manufacturing to meet rising meter demand, deepen automation in relay and switchgear production, and sharpen our product development pipeline." Result PDF
Consumer Electronics company HPL Electric & Power announced Q3FY25 results Revenue: Rs 392.48 crore compared to Rs 365.57 crore during Q3FY224, change +7.36%. Profit After Tax (Rs crore): Increased by +51.42% from Q3FY24 to Q3FY25 Q3FY25: PAT Margin % increased to 4.61% from 3.27% (+134 bps). EBIDTA Margin % has shown improvement in Q3FY25 (+60 bps ) and 9M FY25 (+107 bps), demonstrating enhanced profitability. Gautam Seth, CFO & Joint Managing Director, HPL Electric & Power, said: “Despite a decelerating pace of economic growth being experienced, we continue to lead India’s smart metering transformation, backed by a robust Rs 3,400+ crore order book. Our focus on R&D;, capacity expansion, and operational excellence is driving strong financial performance and sustainable growth. Growth in domestic switchgear and wires & cables, along with a growth recovery in LED lighting, reflects our resilience amid industry-wide price pressures. While finance costs and expenses remain areas of focus, we are actively pursuing efficient, cost optimization, and strategic investments to boost profitability. Key highlights of our Consumer & Industrial segment are 25% growth in 9MFY25 for wires & cables, as well as a pick-up in domestic switchgear in trade markets with growth of 21% for 9MFY25. Looking ahead, strategic investments in advanced smart meter technology and nextgeneration electrical solutions position the company for the next phase of growth, improving our balance sheet and market leadership. HPL's network of 83,000+ retailers and commitment to innovation, quality, and efficiency are key enablers of our success in India’s modernizing energy ecosystem.” Result PDF