HPL Electric & Power Limited (HPL) — Announcement | 10 August 2026

· NSE Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
📢 Key Event
HPL Electric & Power disclosed Q1FY27 earnings presentation ahead of investor call
🔄 What Changed
C&I revenue share rose to 54% from 46%, Smart Metering order book reached ₹3,200+ crore
🔮 What's Next
FY27 focus on scaling C&I and Smart Metering segments; ₹3.03 trillion smart metering initiative opportunity
💡 Investor Takeaway
HPL is scaling two high-growth engines — C&I and Smart Metering — with strong order visibility and structural demand tailwinds.
⚠️ Risks
Input-cost volatility in metals and industrial plastics affecting EBITDA margin

HPL Electric & Power reported record Q1FY27 revenue of ₹515.24 crore, up 34.5% YoY, driven by 55% growth in Consumer & Industrial (C&I) revenue to ₹277 crore, with C&I now contributing 54% of total revenue. Smart Metering revenue rose 16.5% YoY to ₹237.65 crore, supported by a ₹3,200+ crore order book as of August 7, 2026. EBITDA margin moderated to 12.3% due to input-cost volatility, but cash profit grew 20.9% to ₹35.77 crore. The company emphasized scaling both growth engines while restoring margins, with FY27 focus on expanding C&I and Smart Metering segments. Forward guidance highlighted structural demand from India's ₹3.03 trillion smart metering initiative and 5G-driven industrial opportunities.

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About HPL Electric & Power Limited (HPL)

Capital Goods · Capital Goods - Electrical Equipment · Listed on NSE

Market Cap: ₹1,925.8 Cr P/E: 21.1 ROE: 10.0% ROCE: 14.0% Div Yield: 0.33%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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