HPL Electric & Power Q1FY27 Revenue Surges 34% to ₹515 Crore; C&I Business Leads Growth
HPL Electric & Power reported a 34.52% YoY increase in Q1FY27 revenue to ₹515.24 crore. The C&I segment revenue grew 55% YoY to ₹277.59 crore. Smart Metering revenue rose 16.53% YoY to ₹237.65 crore. The company has an order book of over ₹3,200 crore. An investor meet is scheduled for August 11, 2026.
The significant revenue growth, diversification of revenue mix towards the C&I segment, and a strong order book are material developments that are likely to have a substantial impact on investor perception and the company's financial outlook.
The company reported strong year-on-year revenue growth across key segments and achieved its highest-ever first-quarter revenue, indicating positive business performance. The substantial order book also provides good future visibility.
HPL Electric & Power Limited announced robust Q1FY27 results, with revenue from operations growing 34.52% year-on-year to ₹515.24 crore, marking its highest-ever first quarter. The Consumer & Industrial (C&I) segment was a significant growth driver, achieving its highest quarterly revenue of ₹277.59 crore, up 55% year-on-year. This segment now constitutes approximately 54% of the company's total revenue, up from 46% in FY26, indicating a more diversified revenue mix.
Within the C&I segment, the Wires & Cables division showed strong momentum, with revenue growing 78.6% year-on-year to ₹145.75 crore. Lighting & Electronics also saw substantial growth of 78.1% year-on-year, reaching ₹56.19 crore, while Industrial Switchgear grew by 19.0% and Domestic Switchgear by 6.9%.
The Smart Metering business maintained steady growth, with revenue increasing by 16.53% year-on-year to ₹237.65 crore. The company highlighted that this sector has transitioned into a stable growth trajectory. The order book for Smart Metering stands at over ₹3,200 crore as of August 7, 2026, providing healthy revenue visibility.
Despite revenue growth, the EBITDA margin moderated to 12.3% from 15.1% in the previous year, attributed to input cost volatility in metals and industrial plastics. The company expects this margin moderation to be temporary. Cash profit grew by 20.92% year-on-year to ₹35.77 crore, and Cash EPS increased to ₹5.56 from ₹4.59.
HPL Electric & Power is scheduled to hold an investor meet and conference call on Tuesday, August 11, 2026, at 12:00 PM to discuss these results.
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