HPL Electric & Power Limited

Gautam Seth

Yeah, thank you Shankhini. Good afternoon, everyone and thank you for joining us today. Q1 FI27 has been a strong start for the year for HPL electric. Revenue from operations grew 35% year-onyear to 515 crores. Our highest ever first quarter revenue and remained above 500 cr level despite Q1 typically being a seasonally light Quarter. EIA grew 9% to 63 crores while PAT increased to 19 crores. More importantly, the quarter further strengthens the two-engine growth model we discussed in FY26. Consumer and industrial scaling as a faster cycle product and channel platform while smart metering continues to provide long cycle growth and order book visibility. Together, these businesses are giving HPL Electric a broader and more balanced growth base. Consumer and industrial delivered its highest ever quarterly revenue of 278 crores growing 55% year on year and contributed approximately 54% of the revenue during the quarter.

The important point for us is not simply that C&I has become larger. It is that growth is becoming broader across various product baskets. Wire and cable continues its strong momentum with revenue growing 79% to 146 crores. Demand remains diversified across builders, industrial OEMs, solar, telecom, retail and institutional customers. The business has already achieved more than 40% of its full FY26 revenue in the first quarter and we continue to see increasing evidence of volume scale. We're we are also seeing encouraging participation from other C&I categories. Lighting grew 78%. 56 crores industrial switch gear grew 19%. The breadth is important because our objective is to build C&I as a diversified electrical product platform rather than depend on any single category for growth. Our distribution platform remains central to the strategy. HPL electric today reaches the market through more than 900 authorized dealers and over 85,000 retailers.HPL Electric & Power LimitedQ1FY27 Earnings Webinar Transcript12:00pm IST on August, 11th 2026