HPL Electric & Power Limited records highest-ever quarterly revenue; FY26 revenue crosses Rs.1,800 crore, EBITDA grows 10.5% YoY

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 and year ended 31 March 2026.

HPL delivered its highest-ever quarterly revenue in Q4 FY26, with revenue from operations crossing ₹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. FY26 EBITDA grew 10.52% YoY to ₹281.43 crore, with EBITDA margin expanding 56 bps to 15.54%. 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.

Reported PAT stood at ₹91.25 crore in FY26, compared with ₹93.99 crore in FY25, primarily reflecting higher depreciation following capacity additions and temporary input-cost timing. However, revenue, gross profit, EBITDA and cash profit continued to grow, underscoring the underlying operating strength of the business.

Commenting on the performance, Mr. Gautam Seth, Joint Managing Director & CFO, HPL Electric & Power Limited, said: "FY26 marks a clear transition in HPL's growth profile. Revenue crossed Rs.1,800 crore for the year and Q4 revenue crossed Rs.500 crore for the first time, while EBITDA and cash profit expanded faster than revenue. The year also validated the emergence of Consumer & Industrial as a second core growth engine, led by Wires & Cables, product expansion and deeper channel engagement. Smart Metering witnessed an industry-wide execution disruption earlier in the year; however, Q4 reflected a clear sequential recovery as AMISP procurement and installation activity resumed. Reported PAT moderated mainly due to higher depreciation following capacity additions and temporary input-cost timing, but the underlying operating trajectory remains strong. Our FY27 focus is to scale both growth engines while protecting margins through pricing discipline, product mix improvement, R&D-led differentiation and calibrated capacity expansion."

Shares of HPL Electric & Power Limited was last trading in BSE at Rs. 374.35 as compared to the previous close of Rs. 374.10. The total number of shares traded during the day was 30517 in over 816 trades.

The stock hit an intraday high of Rs. 385.00 and intraday low of 363.00. The net turnover during the day was Rs. 11568595.00.

Source : Equity Bulls

Keywords

HPLElectricandPower INE495S01016 HeavyElectricalEquipment Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate