HPL Electric & Power Limited — Updates, 12-11-2024: Press Release

HPL Electric & Power Ltd. reported robust financial results for Q2 and H1 FY25, driven by strong demand in its Metering Systems & Services segment. Revenue surged by 20.51% YoY to ₹422.32 crore in Q2 and by 21.46% to ₹815.23 crore in H1, while PAT nearly doubled, rising 95.81% to ₹21.58 crore in Q2 and 114.98% to ₹38.61 crore in H1. Significant order wins, including a ₹2,100 crore smart meter contract, affirm HPL’s leadership in the smart metering market, aligning with national energy infrastructure upgrades. The company’s order book exceeds ₹3,500 crore, ensuring strong revenue visibility. HPL’s expansion strategy continues with over 83,000 retailers and 900 authorized dealers, enhancing its penetration in the B2C segment. The consistent growth and strategic market positioning indicate a positive outlook for HPL.