Q3 2026 HPL Electric & Power Ltd Earnings Call Transcript
Key Points
- HPL Electric & Power Ltd (BOM:540136) reported a 21% year-on-year revenue growth in Q3, reaching approximately INR475 crores.
- EBITDA increased by about 29% to nearly INR72 crores, indicating improved profitability.
- The company has a strong order book of over INR3,000 crores in the smart metering segment, providing multiyear visibility.
- Switchgears and Wire & Cables segments showed significant growth, with Switchgears growing over 33% year-on-year in Q3.
- HPL Electric & Power Ltd is expanding its product offerings with the launch of Neeram Pulse smart water meters, tapping into a new market segment.
- The smart metering segment has experienced fluctuations in deliveries, although improvements are expected.
- Copper price volatility has impacted gross margins, particularly in the Consumer and Industrial business.
- The company faces challenges in executing large-scale smart metering projects due to external factors like monsoons.
- There is a lag in passing increased raw material costs to consumers, affecting short-term profitability.
- The company has not provided specific revenue guidance for the new water metering segment, indicating uncertainty in immediate financial impact.
Ladies and gentlemen, very good afternoon to you all, and welcome to HPL Electric & Power Limited's Q3 and nine months earnings webinar produced by ElevEase. So I'm Shankhini. I'm the Director of Investor Relations here at Dickenson, and I'll be moderating our call today. Joining us from the HPL management team will be Mr. Gautam Seth. He's the Joint Managing Director and CFO of HPL.
Please note that this conference is being recorded and that some statements in this call may be forward-looking based on current expectations and subject to risks that may cause results to differ materially. So we'll get started. I'd like to hand over to Mr. Gautam to start with some opening remarks. Take it away, Gautam.
Yes. Thank you, Shankhini. Good afternoon, everyone, and thank you for joining us. Before getting into the financials, I want to briefly share how the last nine months have shaped
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