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.