HPL Electric & Power Ltd
HPL Electric & Power Q4 FY25: Revenue ₹500 Cr
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Smart meter sales have nearly doubled over the last two years, driven by the smart meter portfolio and semi-automated lines, and the company is well-positioned to double sales again in the next 2-3 years through fully automated infrastructure (Page 20). HPL anticipates continued strong revenue momentum, with an average quarterly run-rate of ₹500 crore achievable over the next four quarters, driven by smart meter rollouts and other segments.
From HPL Electric & Power Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Smart meter sales have nearly doubled over the last two years, driven by the smart meter portfolio and semi-automated lines, and the company is well-positioned to double sales again in the next 2-3 years through fully automated infrastructure (Page 20).
- FY25 recorded highest quarterly revenue at ₹493 crore with strong growth; FY26 expected to maintain strong double-digit growth in revenues, targeting over ₹1,000 crore execution from current order book (Pages 4 & 19).
- Average quarterly revenue run-rate of around ₹500 crore from smart meters achievable over next four quarters, with broad-based state-wise deployment and ongoing order inflows (Page 13).
2 more points management made on revenue & sales performance
Profitability & Margins
See what HPL Electric & Power Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY25 CapEx was slightly over ₹70 crore, higher due to capacity additions for smart metering.
- Planned CapEx for FY26 is around ₹100 crore, including maintenance and growth investments.
- Growth CapEx will focus on smart metering (mainly automation), switchgear (industrial and domestic), and wires and cables.
- Maintenance CapEx will support tool-and-die infrastructure across product lines.
- Current smart meter manufacturing capacity is modular and scalable with a 3-4 month lead time for expansion, sufficient for the next 3-4 quarters.
- Additional CapEx planned to deepen factory automation to protect margins and ensure quality at scale.
2 more points management made on capital expenditure plans
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 & Power Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- HPL currently holds a smart meter order book of approximately ₹3,500 crore, primarily comprising AMISP-led smart meter projects.
- Execution schedules vary across different AMI SP programs, with staggered rollouts over about 1.5 years per order after an initial lag phase.
- Over ₹1,000 crore worth of orders are expected to be executed in FY26.
- Orders are released in tranches based on delivery timelines, integration success, and execution performance.
- The company anticipates continued momentum in smart meter order inflows, expecting to onboard 2-3 additional AMISPs soon.
2 more points management made on order book & pipeline
HPL Electric & Power Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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's management said in earlier quarters
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Frequently Asked Questions
What were HPL Electric & Power Ltd Q4 FY25 results?
Smart meter sales have nearly doubled over the last two years, driven by the smart meter portfolio and semi-automated lines, and the company is well-positioned to double sales again in the next 2-3 years through fully automated infrastructure (Page 20). HPL anticipates continued strong revenue momentum, with an average quarterly run-rate of ₹500 crore achievable over the next four quarters, driven by smart meter rollouts and other segments.
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?
FY25 CapEx was slightly over ₹70 crore, higher due to capacity additions for smart metering.
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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.