HPL Electric
HPL Electric Q1 FY27: Order Book ₹3,200 Cr
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
4 of 4 strong
The short version
Both smart metering and consumer & industrial (C&I) segments have strong revenue growth outlooks for the next 3-5 years. Strong revenue growth expected from both smart metering and consumer & industrial (C&I) segments over the next 12-18 months, with smart metering having 3-5 years of strong visibility.
From HPL Electric's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Both smart metering and consumer & industrial (C&I) segments have strong revenue growth outlooks for the next 3-5 years.
- Smart metering business has steady and increasing revenue visibility due to large order book and preferred vendor status with AMISPs.
- Execution speed affects smart meter sales, with typical order execution over 1.5 to 2 years.
- C&I segment, especially wires and cables, is witnessing very strong volume growth, well above commodity-driven value growth.
- High double-digit growth expected in C&I segment over the next 12 to 18 months.
- Channel expansion and retail network growth are strategic priorities to sustain C&I growth.
- New product launches like switches ("Cairo") and expansion into lighting and MCBs will aid revenue growth.
2 more points from HPL Electric's call on revenue
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Profitability & Margins
See what HPL Electric said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capex in metering and existing product categories is mainly maintenance CAPEX, including tools, dies, and automation.
- Recently commissioned a new automated machine for MCBs that can replace 44 workers, enhancing efficiency and operates 24/7 producing ~18,000 MCBs.
- Overall, 7 to 8 new machines have been installed focused on automation, particularly in response to rising minimum wages.
- Automation investments generally have an ROI of 3 to 4 years, making financial sense.
- Future capex related to different projects may have separate revenue streams; details will be shared publicly when available.
- Maintenance capex expected in FY27-29 due to tool and die replenishment; capacity for smart meters is largely in place.
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what HPL Electric said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of August 7, 2026, HPL Electric & Power Limited's order book stands at approximately ₹3,200 crores.
- Metering and systems constitute more than 96% of the total orders.
- About 90% of the order book is from smart meters.
- Order inflow from AMISPs is continuous but typically on a month-to-month basis with smaller order sizes rather than large long-term orders.
- Typical execution timeline for smart meter orders is around 1.5 to 2 years, depending on the execution speed.
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HPL Electric — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹520 Cr, net profit ₹31 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What HPL Electric & Power Ltd's management said in earlier quarters
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Frequently Asked Questions
What were HPL Electric Q1 FY27 results?
Both smart metering and consumer & industrial (C&I) segments have strong revenue growth outlooks for the next 3-5 years. Strong revenue growth expected from both smart metering and consumer & industrial (C&I) segments over the next 12-18 months, with smart metering having 3-5 years of strong visibility.
What is HPL Electric share price analysis?
HPL Electric currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 21.4 with a market cap of ₹2,041 Cr. Investors should review the full earnings analysis for detailed insights.
Is HPL Electric planning capital expenditure?
Current capex in metering and existing product categories is mainly maintenance CAPEX, including tools, dies, and automation.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.