| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 434.45 | 13.4% | 2.9% |
| Total Income | 435.28 | 13.3% | 2.9% |
| Expenditure | 404.79 | 12.7% | 2.8% |
| PBT | 30.49 | 21.9% | 4.7% |
| Net Profit | 22.36 | 21.0% | 3.6% |
| OPM | 15.17% | 0.03pp | 16.08pp |
| NPM | 5.14% | 0.33pp | 0.04pp |
| EPS | 3.46 | 20.6% | 3.3% |
HPL Electric & Power Reports 30% Growth in Consumer & Industrial Segment; 3300+ Crore Smart Meter Order Book Ensures Multi-Year Visibility
14 Nov 2025 · 14 Nov 2025, 06:24 pm
Summary
HPL Electric & Power Ltd. reported its Q2 and H1 FY26 results with a resilient performance, 3% YoY revenue growth in Q2, and 3300+ crore smart meter order book ensuring multi-year visibility. The Consumer & Industrial segment grew by 30.0% YoY in Q2 and 23.14% in H1, contributing 47% of consolidated revenue. Gross margin expansion, EBITDA margin improvement, and stable earnings momentum were also reported.
Key Highlights
- 1
Revenue for Q2 FY26 grew 3% YoY to ¥434.45 crore
- 2
H1 FY26 revenues stood at ¥817.48 crore, broadly stable compared with last year
- 3
Gross margin expansion of +177 bps YoY in Q2 and EBITDA margin improvement of +83 bps YoY
- 4
Profit After Tax (PAT) increased 3.58% in Q2 FY26 to ¥322.36 crore and 5.76% YoY in H1
- 5
Consumer & Industrial segment recorded 30.0% YoY growth in Q2 and 23.14% in H1
- 6
Robust order book exceeding ¥3,300 crore, of which approximately 99% comprises smart meters
- 7
Smart metering remains the principal growth engine with over ¥3,300 crore order book
Management Comments
Mr. Gautam Seth
Joint MD & CFO
Our Q2 and H1 FY26 performance underscores the resilience of our model and an unmistakable tilt towards margin-led growth... We remain focused on driving profitable growth, improving cash conversion and enhancing the quality and resilience of our earnings.
Informational and educational content only. Not investment advice.