HPL Electric & Power Limited — PPTs, 12-11-2024: Investor Presentation

**Financial Highlights:**

HPL Electric & Power reported a strong performance for Q2 and H1 FY25, with revenue growth of 20.51% and 21.46% YoY, respectively. The Metering, Systems & Services segment saw a remarkable 32.09% increase, contributing ₹503.11 crore. Gross profit improved by 22.10% in Q2, reaching ₹146.93 crore, and EBITDA rose 28.39% to ₹60.58 crore. The company's order book stands above ₹3,500 crore, primarily in smart meters.

**Strategic Initiatives and Growth Drivers:**

HPL plans to leverage its extensive R&D capabilities and established market presence to capitalize on growth opportunities in the smart meter market, expected to exceed ₹60,000 crore as the government aims for widespread adoption.

**Business Developments:**

The company successfully launched several innovative products in its lighting and switchgear segments. It is also expanding its distribution network, aiming for a threefold increase in retailer touchpoints by March 2025.

**Market Position and Competitive Advantage:**

Holding a 20% market share in the domestic electric meters market and a significant presence in low-voltage switchgear, HPL benefits from strong institutional relationships and a robust supply chain.

**Investor Implications:**

With a strong growth trajectory and a positive outlook driven by the shift towards smart meters and industry demand, HPL Electric & Power represents a compelling opportunity for investors seeking exposure in the electric equipment sector.