HPL Electric & Power Q2 FY27 Revenue Surges 40% to ₹608 Crore
HPL Electric & Power reported record Q2 FY27 revenue of ₹608.31 crore, up 40% YoY. Consumer & Industrial revenue grew 64% to ₹337 crore, now comprising 55% of total revenue. Wires & Cables surged 159% YoY. Smart Metering revenue increased 18% YoY. PAT was ₹23.40 crore, up 4.68% YoY.
The announcement details record quarterly revenue, substantial year-on-year growth in key business segments, and a strong order book, all of which are material financial and operational updates that will significantly influence investor perception and the company's stock performance.
The company reported record revenue, significant year-on-year growth across key segments like C&I and Wires & Cables, and a strong order book, indicating positive business performance and future prospects.
HPL Electric & Power Limited announced its financial results for the second quarter and first half of fiscal year 2027 (Q2 FY27 and H1 FY27). The company reported a record quarterly revenue of ₹608.31 crore in Q2 FY27, marking a significant 40.02% year-on-year (YoY) increase from ₹434.45 crore. This is the first quarter where revenue has crossed the ₹600 crore mark.
For the first half of FY27 (H1 FY27), revenue reached ₹1,123.55 crore, up 37.44% YoY. The Consumer & Industrial (C&I) segment demonstrated robust growth, achieving its highest-ever quarterly revenue of ₹337.46 crore in Q2 FY27, a 64.42% YoY increase. This segment now contributes approximately 55% of the company's total revenue.
The Wires & Cables business showed exceptional momentum, with Q2 FY27 revenue soaring by 159.46% YoY to ₹177.99 crore. Lighting & Electronics grew by 59.43% YoY to ₹60.79 crore, and Domestic Switchgear saw a 43.23% YoY increase to ₹33.33 crore. Industrial Switchgear also reported growth, up 29.18% sequentially against a strong Q2 FY26 base.
Smart Metering revenue maintained steady momentum, growing 18.17% YoY to ₹270.85 crore in Q2 FY27. The company highlighted that this sector has matured into a stable growth trajectory, supported by a significant order book of over ₹2,700 crore as of November 2, 2026, providing long-term visibility.
Operating performance saw gross profit increase by 9.42% YoY to ₹173.79 crore in Q2 FY27, and EBITDA grew by 8.37% YoY to ₹71.42 crore, though the EBITDA margin decreased to 11.74% from 15.17% in the prior year, attributed to input cost volatility. Profit Before Tax (PBT) stood at ₹31.39 crore, up 2.95% YoY, and Profit After Tax (PAT) was ₹23.40 crore, up 4.68% YoY. Earnings Per Share (EPS) for the quarter was ₹3.64.
The company plans to scale both the C&I and Smart Metering verticals while focusing on restoring margins. HPL Electric & Power Limited also announced that an earnings presentation would be made during an investor meet scheduled for Friday, November 6, 2026, at 12:00 Noon.
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