Consumer Electronics company HPL Electric & Power announced Q1FY27 results Consolidated Financial Highlights: Revenue from operations for Q1FY27 was reported at Rs 51,524.27 lakh, representing a growth of 34.52% YoY compared to Rs 38,302.87 lakh in Q1FY26, and a marginal decrease of 0.86% QoQ from Rs 51,970.32 lakh in Q4FY26. Total Income for Q1FY27 stood at Rs 51,739.95 lakh, an increase of 34.67% YoY from Rs 38,421.01 lakh in Q1FY26, but a slight decline of 0.81% QoQ from Rs 52,164.88 lakh in Q4FY26. Profit Before Tax (before exceptional items) for Q1FY27 was Rs 2,516.93 lakh, showing a marginal increase of 0.61% YoY from Rs 2,501.65 lakh in Q1FY26, but a decline of 39.83% QoQ from Rs 4,183.34 lakh in Q4FY26. Net Profit for Q1FY27 reached Rs 1,869.33 lakh, reflecting a 1.15% YoY growth from Rs 1,848.02 lakh in Q1FY26, while declining by 39.51% QoQ from Rs 3,090.12 lakh in Q4FY26. Standalone Financial Highlights: Revenue from operations for Q1FY27 was Rs 51,286.21 lakh, up 29.19% YoY from Rs 39,696.89 lakh in Q1FY26, and an increase of 0.21% QoQ from Rs 51,176.99 lakh in Q4FY26. Total Income for Q1FY27 stood at Rs 51,391.14 lakh, reflecting a YoY growth of 29.10% from Rs 39,806.79 lakh in Q1FY26 and a 0.08% QoQ increase from Rs 51,348.87 lakh in Q4FY26. Profit Before Tax (before exceptional items) for Q1FY27 was Rs 2,404.63 lakh, an increase of 5.73% YoY from Rs 2,274.25 lakh in Q1FY26, but a decline of 38.33% QoQ from Rs 3,898.80 lakh in Q4FY26. Net Profit for Q1FY27 reached Rs 1,791.33 lakh, marking a 5.72% YoY increase from Rs 1,694.45 lakh in Q1FY26, though it fell by 37.56% QoQ from Rs 2,868.71 lakh in Q4FY26. Business Highlights: Segment Performance (Metering, Systems & Services): The segment reported revenue of Rs 23,765.47 lakh in Q1FY27, a growth of 16.53% YoY compared to Rs 20,393.60 lakh in Q1FY26. The segment result (profit before tax and interest) stood at Rs 3,369.41 lakh in Q1FY27. Segment Performance (Consumer, Industrial & Services): This segment saw significant growth, with revenue reaching Rs 27,758.80 lakh in Q1FY27, up 55.00% YoY from Rs 17,909.27 lakh in Q1FY26. The segment result (profit before tax and interest) stood at Rs 2,331.15 lakh in Q1FY27. Auditor Re-appointments: The Board approved the re-appointment of M/s. M.K. Singhal & Co., Cost Accountants, as the Cost Auditor, and PricewaterhouseCoopers Services LLP (PwC) as the Internal Auditor of the company for the financial year FY27. Reporting Note: The figures for Q4FY26 are the balancing figures between audited figures for the full financial year FY26 and the unaudited year-to-date figures up to December 31, 2025. Result PDF
Consumer Electronics company HPL Electric & Power announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from operations: Reported at Rs 51,970.32 lakh for Q4FY26, an increase of 5.52% YoY (compared to Rs 49,253.85 lakh in Q4FY25) and an increase of 9.66% QoQ (compared to Rs 47,391.66 lakh in Q3FY26). For FY26, revenue stood at Rs 1,81,109.67 lakh, an increase of 6.52% YoY (compared to Rs 1,70,024.40 lakh in FY25). Net profit for the period: Reported at Rs 3,080.12 lakh for Q4FY26, a decrease of 17.39% YoY (compared to Rs 3,728.32 lakh in Q4FY25) and an increase of 57.84% QoQ (compared to Rs 1,951.38 lakh in Q3FY26). For FY26, net profit was Rs 9,125.25 lakh, a decrease of 2.91% YoY (compared to Rs 9,398.71 lakh in FY25). Standalone Financial Highlights: Revenue from operations: Reported at Rs 51,176.99 lakh for Q4FY26, an increase of 0.67% YoY (compared to Rs 50,837.98 lakh in Q4FY25) and an increase of 10.95% QoQ (compared to Rs 46,126.26 lakh in Q3FY26). For FY26, revenue stood at Rs 1,85,799.68 lakh, an increase of 10.30% YoY (compared to Rs 1,68,440.50 lakh in FY25). Net profit for the period: Reported at Rs 2,868.71 lakh for Q4FY26, a decrease of 12.23% YoY (compared to Rs 3,268.54 lakh in Q4FY25) and an increase of 67.10% QoQ (compared to Rs 1,716.79 lakh in Q3FY26). For FY26, net profit was Rs 8,306.16 lakh, a decrease of 4.30% YoY (compared to Rs 8,679.60 lakh in FY25). Business Highlights: Segment-wise Performance: Metering, Systems & Services: Revenue for Q4FY26 was Rs 29,781.10 lakh (FY26: Rs 1,07,333.16 lakh), with a segment result of Rs 5,112.57 lakh for Q4FY26 (FY26: Rs 16,509.14 lakh). Consumer, Industrial & Services: Revenue for Q4FY26 was Rs 21,395.89 lakh (FY26: Rs 78,466.52 lakh), with a segment result of Rs 1,935.26 lakh for Q4FY26 (FY26: Rs 8,010.66 lakh). Dividend: The Board of Directors has recommended a final dividend of Rs 1.00 (10%) per equity share of Rs 10 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. Exceptional Items: The Company recognized an incremental liability of Rs 715.50 lakh as an "Exceptional item" in the previous year (quarter ended December 31, 2025) regarding employee benefit obligations resulting from the notification of the 'New Labour Codes'. Auditor: The Statutory Auditors, M/s. Sakshi & Associates, have issued an unmodified opinion on the audited financial results (Standalone and Consolidated). Result PDF
Consumer Electronics company HPL Electric & Power announced Q3FY26 results Revenue from Operations grew 21% YoY to Rs 473.9 crore in Q3FY26; 9MFY26 revenue increased to Rs 1,291.4 crore. EBITDA rose 28.8% YoY to Rs 71.7 crore in Q3, with EBITDA margin expanding by 94 bps YoY to 15.1%. 9MFY26 EBITDA increased 13.5% YoY to Rs 195.6 crore, with margins improving 87 bps YoY, underscoring sustained operating leverage and cost discipline. Profit After Tax (PAT) grew 7.9% YoY to Rs 19.5 crore in Q3FY26; 9MFY26 PAT rose 6.4% YoY to Rs 60.4 crore. Gautam Seth, Joint Managing Director, said: “Our Q3 and nine-month performance reflects steady execution and a clear improvement in the quality of our earnings. The C&I; segment is increasingly emerging as a key growth engine for HPL, delivering sustained momentum over the last few quarters and reinforcing its position as a core business vertical alongside Metering. In Q3, Wires & Cables and Lighting maintained healthy growth alongside strong performance in Switchgears, while our distribution footprint continued to deepen to past 85,000+ retailers, improving reach and conversion. In Smart Metering, we continue to execute our order book on a fast-track basis, supported by a healthy tender pipeline and improving offtake and recovery from the monsoon season with 25.45% sequential growth from the previous quarter. Execution is picking up, keeping the metering growth story intact. We are also happy to share our foray into Smart Water Meters with ‘Neeram Pulse’, a natural addition to our Metering platform with substantial growth potential in India’s water infrastructure upgrade. We will keep investing in R&D; and product engineering across both verticals to strengthen competitiveness, and remain focused on profitable growth, disciplined capital allocation- building a stronger HPL across India’s electrification & infrastructure value chain.” Result PDF
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