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Earnings Call

HPL Electric & Power Earnings Call: Key Takeaways

HPL Electric delivered record FY26 revenue crossing ₹1,800 Cr, driven by smart metering and Consumer & Industrial (C&I) growth.

Guidance and delivery
Management target Revenue 27.5% FY27
Highlights
Revenue growthFY26 revenue crossed ₹1,800 Cr; Q4 revenue exceeded ₹500 Cr.
MarginsGross margins improved; EBIT on smart metering reached 17.5% in Q4.
Order bookOver ₹3,200 Cr as of May 22, 2026.
Demand visibilityStrong; 97% of ₹3,200 Cr order book is metering.
Management confidenceHigh 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)
Source

Earnings Call filed with BSE, NSE: HPL. Summary written with AI assistance from the document.

Read the document ↗

HPL Electric & Power Ltd: key numbers

Share price
₹278.15
Market cap
₹1,789 Cr
Revenue (annual)
₹1,811 Cr
Net profit (annual)
₹91.01 Cr
P/E (TTM)
19.6×Sector 45.9×
Promoter holding
72.66%+0.00% QoQ
FII holding
0.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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