HPL Electric & Power Ltd
HPL Electric & Power Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Strong growth expected driven by increased smart meter orders from AMISPs, with the current order book covering 2 to 2.5 years of demand. Expectation of strong revenue growth, potentially around 25–30% in FY26, driven by increased smart meter orders from AMISPs.
From HPL Electric & Power Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Strong growth expected driven by increased smart meter orders from AMISPs, with the current order book covering 2 to 2.5 years of demand.
- Conservative revenue growth estimate for FY26 is around 25–30%; potential for higher growth (40–50%) as higher-priced smart meters contribute more.
- Anticipated better execution and meter offtake in Q4 FY25, assuming resolution of ground-level challenges.
- Capacity utilization is currently at 70–80% with annual capacity of ~1.1 crore meters; expected to scale to 100% via extra shifts or streamlined operations.
- Segments like switchgear (+21% growth) and wires & cables (+25% growth) showing strong momentum.
2 more points from HPL Electric & Power Ltd's call on revenue
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Profitability & Margins
See what HPL Electric & Power Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Significant investments made in the last two years to automate smart meter production, including plastic component manufacturing and electronic PCB assembly.
- Recently inaugurated the fourth automated manufacturing line, plus another line for subsidiary Himachal Energy.
- Current smart meter manufacturing capacity adequate for next 12–15 months; expansion plans under review.
- Considering expansion in LT power and control cables segments due to strong 25% growth.
- Most existing capital expenditure funded via internal accruals; no significant new debt planned.
- Automation investments aimed at improving output consistency, reducing manpower, and driving efficiency.
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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
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Order Book & Pipeline
- Current order book stands at over INR 3,400 crores as of February 10, 2025.
- Approximately 95% of the order book is related to metering products.
- Of the metering orders, 99% are specifically for smart meters, totaling around INR 3,000+ crores.
- The order book covers about two to two-and-a-half years of anticipated demand.
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HPL Electric & Power Ltd — Quarterly revenue & net profit
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 & Power Ltd Q3 FY25 results?
Strong growth expected driven by increased smart meter orders from AMISPs, with the current order book covering 2 to 2.5 years of demand. Expectation of strong revenue growth, potentially around 25–30% in FY26, driven by increased smart meter orders from AMISPs.
What is HPL Electric & Power Ltd share price analysis?
HPL Electric & Power Ltd currently shows a neutral. 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 & Power Ltd planning capital expenditure?
Significant investments made in the last two years to automate smart meter production, including plastic component manufacturing and electronic PCB assembly.
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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.