HPL Electric Q1 Revenue Hits Record ₹515 Cr, Up 34.5%

HPL Electric & Power Ltd announced its highest-ever Q1 revenue of ₹515.24 crore for the quarter ended June 30, 2026, marking a 34.52% year-over-year increase. The Consumer & Industrial (C&I) segment emerged as a strong growth driver, with revenue surging 55% to ₹277.59 crore, now constituting approximately 54% of total revenue. The Smart Metering segment also showed steady momentum, growing 16.53% YoY to ₹237.65 crore. Despite a 56.55% increase in depreciation, EBITDA grew 8.94% to ₹63.18 crore, and Profit After Tax (PAT) saw a modest increase of 1.15% to ₹18.69 crore. The company is implementing pricing and product-mix adjustments to address margin pressures arising from input cost volatility and a changing revenue mix.