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Investor Presentation

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.

Highlights
Revenue growthQ2 revenue +40.02% YoY; H1 +37.44%
MarginsEBITDA margin 11.74% vs 15.17%; gross margin 28.57% vs 36.56%
Order book₹2,700+ cr; ~96% Metering; ~2.5 years revenue cover
Demand visibilityOrder book ₹2,700+ cr as of 2 Nov 2026
Management confidenceOrder book visibility stressed; no numeric guidance

Growth

C&I ₹337.46 cr (+64.42%); Metering ₹270.85 cr (+18.17%); W&C ₹177.99 cr (+159.46%). H1 revenue +37.44%.

Outlook

No numeric FY27 guidance; aims to scale both verticals and restore margins; pricing benefits from H2 FY27.

Risks

Input-cost volatility in metals and plastics; C&I EBIT margin 8.90% vs 10.98%; gross margin down 799 bps.

Last quarter's promises, checked

Delivered

  • W&C 'very strong' next 2 qtrs → +159.46% YoY (= BEAT)
  • Metering steady growth (Q1 ~17%) → +18.17% (= BEAT)

Partly delivered

  • 3 Cairo state launches in Aug → KYRO in 2 cities, Aug 26 (= PARTIAL)
  • C&I 'high double digit' growth → +64.42% YoY (= PARTIAL)

Missed

  • Margins to improve by Q3, 16-17% if conditions ease → EBITDA 12.26% Q1 → 11.74% Q2 (= MISS)
  • Order book ~3,200 cr, 2-3yr visibility → ₹2,700+ cr at 2 Nov 26 (= MISS)
Source

Investor Presentation filed with BSE, NSE: HPL. Summary written with AI assistance from the document.

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HPL Electric & Power Ltd: key numbers

Share price
₹253.68
Market cap
₹1,631 Cr
Revenue (annual)
₹1,811 Cr
Net profit (annual)
₹91.01 Cr
P/E (TTM)
17.9×Sector 43.7×
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.

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