HPL
Hpl Electric & Power Limited Reports Record Revenue of ₹608 Crore Up 40.0% Yoy for Q2 FY27
HPL Electric & Power Limited (NSE: HPL) announced record revenue of ₹608 crore for Q2 FY27, up 40.0% YoY, with H1 FY27 revenue at ₹1,124 crore.
HPL Electric & Power Limited (NSE: HPL) announced its consolidated financial results for the quarter and half-year ended 30 September 2026, marking a significant milestone with record revenue of ₹608 crore for Q2 FY27, a robust 40.02% year-on-year (YoY) growth. This achievement underscores the company’s strong performance and strategic execution. Notably, H1 FY27 revenue reached ₹1,124 crore, up 37.44% YoY, reflecting a broad-based growth across its diverse product portfolio.
Consumer & Industrial Revenue Surge
The Consumer & Industrial segment demonstrated exceptional growth, with revenue increasing 64.42% YoY to ₹337.46 crore in Q2 FY27 and 60.03% to ₹615.05 crore in H1 FY27. This growth was driven by strong demand across wires & cables, lighting, and switchgear, with wires & cables segment achieving nearly its full FY26 revenue in the first half.
Smart Metering Steady Growth
The Metering, Systems & Services segment also showed steady growth, with revenue rising 18.17% YoY to ₹270.85 crore in Q2 FY27 and 17.40% to ₹508.50 crore in H1 FY27. The company’s robust order book of ₹2,700+ crore, with over 96% from Metering, Systems & Services, highlights the long-term visibility and potential of this segment.
Commenting on the performance, Mr. Gautam Seth, Joint Managing Director & CFO, HPL Electric & Power Limited, said: “Q2 FY27 builds on our strong start to the year, with revenue growing 40% to our highest-ever quarterly level and crossing ₹600+ crore for the first time. More importantly, the first half demonstrates increasing breadth in HPL’s growth profile. Consumer & Industrial’s record performance and wider participation across Wires & Cables, Lighting and Domestic Switchgear reinforce its evolution into a diversified growth platform. As we enter the second half of FY27, pricing and mix actions are underway, and our focus is to improve margin quality while continuing to scale both businesses. Looking ahead, we remain focused on disciplined execution, R&D-led differentiation, growing our channel partner network and converting our capacity investments into sustainable earnings growth.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HPL Electric & Power Limited
HPL Electric & Power Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HPL drops 24.4% over three months and trades near its 52-week lows. The PEG of 0.41 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 3% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. The business compounds at 12.8% revenue and 44.5% profit CAGR, with D/E of 0.00. Yet the stock drops 24.4% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of HPL Electric & Power Limited.
HPL
Hpl Electric & Power Limited (NSE: HPLE) Records Highest-ever Q1 Revenue at ₹515 Crore, Up 34.5% Yoy
HPL Electric & Power Limited (NSE: HPLE) announced its Q1 FY27 results with a 34.5% YoY revenue growth to ₹515 crore, driven by a 55% surge in Consumer & Ind.
Kundli, 10th August, 2026: HPL Electric & Power Limited, one of India’s established electrical equipment manufacturers across metering solutions, switchgear, lighting, wires & cables and fans, today announced its consolidated financial results for the quarter ended 30 June 2026. HPL delivered its highest-ever first-quarter revenue in Q1 FY27, with revenue from operations growing 34.52% YoY to ₹515.24 crore, compared with ₹383.03 crore in Q1 FY26. Revenue remained above the ₹500 crore level achieved in Q4 FY26 despite Q1 typically being a seasonally lighter quarter.
Record First-Quarter Scale
The company’s record first-quarter scale was driven by a robust performance across all product verticals. Notably, Consumer & Industrial revenue grew 55.00% YoY to ₹277.59 crore, its highest-ever quarterly revenue, increasing its share of consolidated revenue to approximately 54% from 47% in Q1 FY26. Wires & Cables revenue grew 78.6% YoY to ₹145.75 crore, while Lighting & Electronics revenue increased 78.1% YoY to ₹56.19 crore.
Smart Metering Maintains Steady Momentum
Smart Metering, Systems & Services revenue grew 16.53% YoY to ₹237.65 crore, supported by a strong order book of ₹3,200+ crore, with over 96% from Metering, Systems & Services, providing longer-term execution visibility. Despite higher depreciation and margin pressure, EBITDA increased 8.94% YoY to ₹63.18 crore, while PAT increased 1.15% YoY to ₹18.69 crore.
Pricing and product-mix actions are underway to progressively restore margin performance. Looking ahead at FY27, HPL remains focused on disciplined execution, R&D-led differentiation, and converting its capacity investments into sustainable earnings growth.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HPL Electric & Power Limited
HPL Electric & Power Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HPL trades in the lower quarter of its 52-week range. The PEG of 0.54 signals undervaluation relative to growth. It is a potential re-rating candidate. Thin margins at 5.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 24% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 12.8% and profits at 44.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of HPL Electric & Power Limited.
HPL
Hpl Electric & Power Limited (hple) FY26: Record Revenue & Ebitda Growth
HPL Electric & Power Limited (HPLE) reports FY26 revenue crossing ₹1,800 crore, EBITDA up 10.5% YoY, Consumer & Industrial as second growth engine.
HPL Electric & Power Limited (HPLE) announced its consolidated financial results for the quarter and year ended 31 March 2026, marking a significant milestone with its highest-ever quarterly revenue in Q4 FY26. The company’s revenue from operations crossed ₹500 crore for the first time to reach ₹519.70 crore, up 5.52% YoY. For FY26, revenue from operations stood at ₹1,811.10 crore, up 6.52% YoY. The company’s operating performance remained resilient, with FY26 EBITDA growing 10.52% YoY to ₹281.43 crore.
Record Scale in FY26
FY26 was defined by record scale, with Q4 FY26 revenue crossing ₹500 crore for the first time, while FY26 revenue crossed ₹1,800 crore. EBITDA and cash profit expanded faster than revenue, underscoring the underlying operating strength of the business.
Stronger Operating Quality
EBITDA grew ahead of revenue, while gross and EBITDA margins expanded year-on-year. Gross margin improved 97 bps to 36.01%, reflecting product mix actions, pricing discipline, and continued operating focus. Cash profit increased 13.43% YoY to ₹155.51 crore, with cash EPS at ₹24.15.
Emerging Second Growth Engine
The Consumer & Industrial segment emerged as a second core growth engine, led by Wires & Cables, product expansion, and deeper channel engagement. Wires & Cables revenue grew 50.0% YoY to ₹340.74 crore, driven by demand across real estate, industrial OEMs, solar OEMs, telecom, 5G, and institutional channels.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HPL Electric & Power Limited
HPL Electric & Power Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HPL rises 8.1% over three months, with buying pressure holding steady. The PEG of 0.19 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. Revenue grows at 18.8% and profits at 129.3%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of HPL Electric & Power Limited.
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