ALFA Finder| Management target | Revenue 27.5% FY27 |
|---|
| Revenue growth | FY26 revenue crossed ₹1,800 Cr; Q4 revenue exceeded ₹500 Cr. |
|---|---|
| Margins | Gross margins improved; EBIT on smart metering reached 17.5% in Q4. |
| Order book | Over ₹3,200 Cr as of May 22, 2026. |
| Demand visibility | Strong; 97% of ₹3,200 Cr order book is metering. |
| Management confidence | High confidence in 2-engine growth model: metering and C&I. |
Growth
FY26 revenue grew to ₹1,800+ Cr; C&I segment grew 26% YoY to ₹784 Cr.
Outlook
Order book exceeds ₹3,200 Cr. Targeting ₹1,000 Cr C&I revenue; expanding into smart water meters.
Risks
Industry-wide execution disruptions in metering; commodity price volatility in industrial plastics and metals.
Last quarter's promises, checked
Delivered
- Guided Q4 revenue ~500 Cr → delivered 500 Cr (= BEAT)
- Guided C&I growth to continue → delivered 26% YoY growth (= BEAT)
- Guided metering execution pickup in Q3/Q4 → delivered record FY26 revenue (= BEAT)
Partly delivered
- Guided revenue ~1,900 Cr for FY26 → delivered 1,800+ Cr (= PARTIAL)
Earnings Call filed with BSE, NSE: HPL. Summary written with AI assistance from the document.
HPL Electric & Power Ltd: key numbers
- Share price
- ₹264.34
- Market cap
- ₹1,700 Cr
- Revenue (annual)
- ₹1,811 Cr
- Net profit (annual)
- ₹91.01 Cr
- P/E (TTM)
- 18.4×Sector 44.3×
- Promoter holding
- 72.66%+0.00% QoQ
- FII holding
- 0.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HPL Electric & Power Ltd
All →HPL Electric & Power Earnings Call Transcript: Key Takeaways
Record Q2 revenue (+40%) masks EBITDA margin compression to 11.7% from 12.3%; net profit ₹23 Cr. Management stresses volume growth and H2 recovery while metering cost pressures persist under fixed contracts.
HPL Electric & Power Results Update
HPL Electric & Power reported record Q2 FY27 revenue, up 40% year-on-year, and crossed ₹600 crore for the first time. Margins narrowed on input-cost volatility and a shift in revenue mix.
HPL Electric & Power Investor Presentation: Key Takeaways
Q2 FY27 record revenue ₹608.31 cr (+40.02% YoY); PAT ₹23.40 cr (+4.68%); EBITDA margin 11.74% vs 15.17%. C&I now 55% of revenue.
HPL Electric & Power Management Change
HPL Electric & Power appointed Bramhadeo Sawale as Non-Executive Independent Director, effective 12 November 2026. Dhruv Goyal ceased as Independent Director on completing his second tenure.
HPL Electric & Power Q2 FY27 Results: Net Profit ₹23.4 Cr, Up 4.5% YoY
HPL Electric & Power Ltd reported revenue from operations of ₹608.3 Cr (+40.0% YoY) and net profit of ₹23.4 Cr (+4.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹23.4 Cr · +4.5% YoY
HPL Electric & Power Capital Structure Change
HPL Electric's subsidiary Himachal Energy became wholly owned after the subsidiary bought back remaining shares. HPL's stake rose from 97.15% to 100% effective October 29, 2026.