HPL Electric & Power (HPL) — Announcement

📢 Key Event
HPL Electric & Power reports 35% YoY revenue growth to ₹515 crores in Q1FY27

🔄 What Changed
Gross margin compressed from 38% to 30% due to raw material inflation, while PAT grew 21% YoY to ₹19 crores

🔮 What's Next
Margin improvement to 16-17% if geopolitical conditions ease; smart meter production scaled to 1.2-1.4 crore units annually; high double-digit revenue growth expected over next 12-18 months

💡 Investor Takeaway
Shareholders should monitor margin recovery trajectory and execution of smart meter order book amid input cost pressures.

⚠️ Risks
Rising labor costs in manufacturing states and sustained raw material inflation pressure on margins

HPL Electric & Power reported Q1FY27 revenue of ₹515 crores, up 35% YoY, with PAT at ₹19 crores, driven by 55% growth in C&I revenue to ₹278 crores. Gross margins compressed to 30% due to metal and plastic inflation, but management expects improvement through pricing actions and product mix changes. The company maintains confidence in sustained growth, highlighting a ₹3,000 crores order book with 90% from smart meters and plans to scale production to 1.2-1.4 crore units annually. Margin targets of 16-17% are contingent on geopolitical stability, while automation investments aim to offset rising labor costs.

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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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🔥 Also filed on 17 August 2026

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

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