HPL Electric & Power Limited — Investor Meet, 25-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HPL's Q1FY26 saw consolidated revenues down 2.5%, but profitability improved with PAT up 8.5% to ₹18.5 crore, driven by margin expansion. Consumer & Industrial segment revenues grew 16%, with Wires & Cables up 35%. Metering segment revenues were lower due to temporary Q1 dispatch delays (monsoon, SP ramp-up), but Q2 is seeing a pickup. The smart meter order book stands over ₹3,000 crore, offering strong long-term visibility. Management expects Metering to rebound strongly in H2 and C&I to cross ₹1,000 crore revenues by FY28. HPL is investing in R&D and automation, focusing on sustainable quality growth and international expansion. Working capital and debt metrics are improving. Sentiment is confident about future growth despite Q1 headwinds.