HPL Electric & Power Limited — PPTs, 05-02-2026: Investor Presentation

HPL Electric & Power reported a strong Q3 FY26.

**Business Performance:** Revenue jumped 21% YoY to ₹473.92 crore. Metering & Systems grew 11.21% YoY to ₹287.55 crore. The Consumer & Industrial segment surged 39% YoY to ₹186.37 crore, emerging as a consistent growth engine. Wires & Cables saw robust 58% YoY growth, and Switchgear increased 33%.

**Growth Drivers or Strategy:** The company is well-positioned for the smart metering opportunity, backed by a ₹3,100+ crore order book. Strategic expansion into smart water metering with 'Neeram Pulse' and a new Gurugram facility signals future growth. The Consumer & Industrial segment, with its shorter working capital cycle, is crucial for higher ROCE, driven by brand building and network expansion.

**Recent Developments:** HPL launched the 'Neeram Pulse' smart water meter and an automated smart meter manufacturing line in Jabli. Credit ratings were upgraded to A by CRISIL and A+/Stable by India Ratings.

**Key Financial Metrics:** Q3 FY26 EBITDA rose 28.76% YoY to ₹71.73 crore (margin 15.14%), and Profit After Tax grew 7.87% YoY to ₹19.51 crore, with EPS at ₹3.02.

**Management Commentary / Outlook:** Management anticipates further acceleration in smart meter deliveries and expects a strong Q4 for the C&I segment, driven by deeper market penetration.