HPL Electric & Power posted an FY26 revenue of Rs 1,811 crore, up 6.52% YoY, while EBITDA grew 10.52% to Rs 281.43 crore. Despite a slight dip in PAT to Rs 91.25 crore due to higher depreciation, the company announced a Rs 1 per share final dividend. Strong performance in its Consumer & Industrial segment and a robust order book in the Metering business underscore its growth trajectory.
HPL Electric & Power FY26 Financial Results
Revenue at Rs 1,811.10 crore; EBITDA at Rs 281.43 crore.
Reader Takeaway: Strong order book and consumer segment growth drive revenue, though depreciation costs pressured bottom-line profitability this year.
What just happened
HPL Electric & Power Ltd has released its FY26 financial results, reporting a consolidated revenue of Rs 1,811.10 crore, a 6.52% increase over the previous fiscal. The company recommended a final dividend of Rs 1 per equity share. The 34th Annual General Meeting is scheduled for September 24, 2026, with a record date of September 17, 2026.
Why this matters
While Profit After Tax (PAT) saw a marginal decline to Rs 91.25 crore from Rs 93.99 crore, the company demonstrated operational strength. EBITDA margins improved by 56 basis points to 15.54%, driven by better product mix and efficiency. The company also achieved a significant milestone, with Q4 revenue exceeding Rs 500 crore for the first time.
Segment Performance
The Metering, Systems & Services segment continues to be the primary revenue driver, contributing Rs 1,026.43 crore. It accounts for 97% of the company's Rs 3,200+ crore order book. Meanwhile, the Consumer, Industrial & Services segment saw a strong 25.62% growth, rising to Rs 784.67 crore and now representing 43% of total revenue.
Risks to watch
Investors should monitor the company's working capital cycle, which is inherently intensive due to large utility projects. Additionally, the decline in PAT highlights the impact of higher depreciation from recent capacity expansions and intermittent input cost volatility.
What to track next
Management is focusing on the Revamped Distribution Sector Scheme (RDSS) and smart metering integration. The conversion of the strong order pipeline into revenue and the sustained expansion of the distribution network remain the key drivers for FY27.