ALFA Finder| Revenue growth | Q2 revenue +40% YoY to ₹600+ Cr; H1 +37%. |
|---|---|
| Margins | Q2 EBITDA margin 11.74% vs 12.26% in Q1; contraction. |
| Order book | ₹2,700 Cr (2 Nov 2026), >96% metering; slight dip, mgmt downplayed. |
| Demand visibility | Metering ₹2,700 Cr order book, ~2 years visibility; C&I demand broad-based. |
| Management confidence | Balanced: upbeat on demand, margin recovery hedged to pricing lag. |
Growth
Revenue +40% to ₹600+ Cr, led by C&I (+64%) and wires (+159%). EBITDA only +8% to ₹71 Cr: margin-diluting.
Outlook
C&I to exceed ₹1,000 Cr FY27; margins to stabilise ~12–12.5%; H2 expected better than H1. No growth % guided.
Risks
Input-cost pressure with fixed-price metering contracts; demerger undefined; order-book dip flagged.
Last quarter's promises, checked
Delivered
- C&I high-double-digit growth → +64% to ₹337 Cr (= BEAT)
- Wires strong next 2 qtrs → +159% (= BEAT)
- Metering steady growth → +18% to ₹271 Cr (= BEAT)
Partly delivered
- ~2-yr execution visibility → ~2 yrs stated, book down (= PARTIAL)
Missed
- EBITDA margin 12.26% baseline, improving by Q3 → 11.74% (= MISS)
- Margins back to 16–17% if Middle East eases → outlook ~12–12.5% (= MISS)
- Metering order book ₹3,200 Cr 'strong visibility' → ₹2,700 Cr (= MISS)
Earnings Call Transcript 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 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.
HPL Electric & Power Board Meeting Date
HPL Electric & Power will hold a board meeting on November 5, 2026 to consider quarterly results. The trading window remains closed until 48 hours after results.