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
Consumer Electronics company HPL Electric & Power announced Q4FY24 & FY24 results: Revenue Growth: HPL reported a YoY revenue increase of 17% in Q4FY24, with revenues rising to Rs 42,409.28 lakh from Rs 36,275.30 lakh in Q4FY23. This quarterly increase contributed to an annual revenue growth of 15.74%, reaching Rs 1,460.86 crore in FY24, up from Rs 1,262.21 crore in FY23. Gross Margin: HPL's gross margin improved by 198 basis points YoY in Q4FY24, reflecting a rise to 34.28% from 32.30% in Q4FY23. For the full year, the gross margin increased by 92 basis points to reach 34.23% in FY24 from 33.31% in FY23. EBITDA Growth: For Q4FY24, HPL's EBITDA grew by 23.86% YoY to Rs 5,522.18 lakh, up from Rs 4,458.37 lakh in Q4FY23. This strong quarterly performance led to an annual EBITDA increase of 22.49%, with the amount rising to Rs 192.15 crore in FY24 from Rs 156.87 crore in FY23. Profit After Tax: HPL's PAT increased by 21.74% YoY in Q4FY24, amounting to Rs 1,371.74 lakh compared to Rs 1,126.76 lakh in Q4FY23. Over the fiscal year, PAT rose by 44.22%, reaching Rs 43.63 crore in FY24, which underscores the company's operational efficiency and strategic focus. Earnings per share: HPL's EPS increased by 21.71% YoY in Q4FY24, standing at Rs 2.13 compared to Rs 1.75 in Q4FY23. Over the fiscal year, EPS rose by 44.56%, reaching Rs 6.78 in FY24. Gautam Seth, Joint Managing Director & CFO, articulated, "This fiscal year highlighted HPL's solid progress as a key player in the electrical equipment industry. FY24 demonstrated our financial growth and strategic expansion both domestically and internationally. Our focus on smart metering technologies and new market entries has established a foundation for sustained growth. We remain committed to advancing innovation and operational efficiency. Our strategy emphasizes market expansion, technological advancement, and strategic partnerships. The strong execution of orders from our extensive order book pipeline and the increase in production capacity have been essential in meeting the rising demand and strengthening our market presence. Additionally, our ongoing investment in R&D; is embedded in HPL's culture, driving continuous improvement and keeping us at the forefront of technological developments." Result PDF
Heavy Electrical Equipment company HPL Electric & Power announced Q3FY24 & 9MFY24 results: Revenue from operations for 9MFY24 reached Rs 1,036.77 crore, showing a YoY growth of 15.27%. Metering & Systems segment witnessed a significant growth of 28% YoY, reaching Rs 215.92 crore in Q3FY24 from Rs 168.79 crore in Q3FY23. Consumer & Industrial segment revenue increased by 13% YoY to Rs 149.65 crore in Q3FY24 from Rs 132.79 crore in Q3FY23. EBITDA for 9MFY24 amounted to Rs 136.93 crore, reflecting a growth of 22% YoY. Reported PAT (Profit After Tax) for 9MFY24 stood at Rs 29.91 crore, showcasing a notable growth of 57.57% YoY. Revenue from Operations in Q3FY24 reached Rs 365.57 crore, indicating a growth of 21.22% YoY. EBITDA for Q3FY24 amounted to Rs 49.71 crore, reflecting a growth of 35.16% from Rs 36.78 crore in Q3FY23. Additionally, EBIDTA margin improved to 13.60% in Q3FY24, showing an enhancement of 140 basis points (bps) from 12.20% in Q3FY23. Reported PAT for Q3FY24 stood at Rs 11.95 crore, showcasing robust growth of 87.14% from Rs 6.38 crore in Q3FY23. Moreover, the PAT margin improved by 3.37% in Q3FY24, up by 115 bps. The company boasts an order book of over Rs 2,400+ crore. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power, commented on the company's financial performance, saying, “The cornerstone of our success this year so far has been our agile response to the fast-transforming power sector, coupled with secular growth across our metering and consumer and industrial segments. This comprehensive growth is supported by the trust AMISPs have in our metering solutions and products. Our strategic emphasis on cost competitiveness and innovation continues to be crucial in winning and securing large orders. Our current order book, which stands at over Rs 2,400 crore, is a testament to the market's confidence in our capabilities. Moreover, our ongoing efforts to expand our channel network are aiding us in reaching new markets and customers, further enhancing our growth prospects and market presence. Looking ahead, we expect a good fourth quarter, setting a solid foundation as we enter into the next financial year.” Result PDF