HPL Electric & Power Q1FY27 Revenue Surges 35% to ₹515 Cr; PAT at ₹19 Cr
HPL Electric & Power reported a 35% year-on-year revenue growth to ₹515 crore in Q1 FY27. PAT stood at ₹19 crore. The C&I segment revenue grew 55% to ₹278 crore, while Smart Metering revenue increased by 17% to ₹234 crore. The company's order book is ₹3,200 crore.
The strong revenue growth, record quarterly performance, and robust order book provide significant positive indicators for the company's financial health and future prospects, impacting investor confidence and market valuation.
The company reported significant year-on-year revenue growth and achieved its highest ever first-quarter revenue, along with an increase in PAT. The strong performance in both key business segments (C&I and Smart Metering) and a robust order book indicate positive momentum.
HPL Electric & Power Limited reported a strong performance in Q1 FY27, with revenue from operations growing 35% year-on-year to ₹515 crore, marking its highest ever first quarter revenue. EBITDA grew 9% to ₹63 crore, and Profit After Tax (PAT) increased to ₹19 crore.
The company highlighted its two-engine growth model: Consumer and Industrial (C&I) and Smart Metering. The C&I segment delivered its highest ever quarterly revenue of ₹278 crore, a 55% year-on-year increase, contributing approximately 54% of the total revenue. Within C&I, wire and cable revenue grew 79% to ₹146 crore, lighting increased by 78% to ₹56 crore, and industrial switchgear grew by 19%. HPL Electric's distribution network spans over 900 authorized dealers and 85,000 retailers.
The Smart Metering business, comprising Metering and Systems, grew by nearly 17% year-on-year to ₹234 crore. The order book stands at ₹3,200 crore as of August 7, 2026, with metering and systems accounting for over 96% of this. The company is focusing on disciplined execution, technology differentiation, and maintaining financial discipline in this segment.
Despite revenue growth, EBITDA margins moderated to 12.26% due to input cost volatility, particularly in metals and industrial plastics. The company is implementing pricing and product mix adjustments to improve margins. Higher depreciation from recent capacity investments also impacted PAT. HPL Electric plans to focus on scaling both C&I and Smart Metering businesses with an emphasis on quality, margin improvement, working capital discipline, and R&D investment.
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