Q4 2026 HPL Electric & Power Ltd Earnings Call Transcript
Key Points
- HPL Electric & Power Ltd (BOM:540136) achieved a significant milestone with revenue surpassing INR 1800 crores for FY26 and Q4 revenue exceeding INR 500 crores for the first time.
- The company's EBITDA grew ahead of revenue, indicating improved operational efficiency and profitability.
- The Consumer and Industrial (C&I) segment showed robust growth, with revenue increasing by 26% to INR 784 crores, and its share of total revenue rising from 37% to 43%.
- The wire and cables division was a standout performer, growing 50% in FY26 to INR 340 crores, driven by demand from diverse sectors such as real estate, industrial, solar, telecom, and domestic channels.
- HPL Electric & Power Ltd (BOM:540136) has a strong order book, with smart metering accounting for more than 97% of the order book valued at over INR 3,200 crores, providing visibility and growth potential.
- The reported PAT was affected by higher depreciation due to capacity additions, impacting net profitability.
- The smart metering segment faced industry-wide execution disruptions earlier in the year, although it recovered by Q4.
- There is a 2.5% pledge on promoter shares, raising concerns about financial leverage and potential risks.
- C&I margins were lower despite strong growth, attributed to the increased share of wire and cables and rising commodity prices.
- The company faces challenges in the smart metering segment due to government delays in meeting targets, affecting demand consistency.
Ladies and gentlemen, good afternoon. Welcome to HPL Electric & Power Limited's Q4 and FY26 earnings webinar produced by ElevEase. It's a pleasure to have you all here. So I'm Shankhini, the Director of Investor Relations at Dickinson, the IR advisors to HPL, and I'll be moderating our call today. So joining us from the HPL management team is Mr. Gautam Seth. He's the Joint MD and CFO of the company.
To all our participants, just a disclaimer, 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 could cause results to differ materially. You can download the HPL IR deck and press release for FY26 from the company website or the NSE.
Perfect. So I'll hand over to Gautam now to begin with opening remarks. Over to you, Gautam.
Thank you, Shankhini.
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