HPL Electric & Power Limited (HPL) Earnings Call Transcripts

HPL Electric & Power Limited's Latest Earnings Call - Q4 FY2026

In Q4 and FY '26, HPL Electric & Power Limited reported a significant milestone with revenue surpassing INR 1,800 crores for the fiscal year and INR 500 crores in Q4 alone. EBITDA growth outpaced revenue, and gross margins improved despite higher depreciation from capacity additions. The company highlighted its dual growth engines: Smart Metering and Consumer & Industrial (C&I) segments. The C&I segment saw a 26% revenue increase to INR 784 crores, now accounting for 43% of total revenue, driven by strong performance in Wires & Cables. Management provided a positive outlook for FY '27, focusing on executing the Smart Metering order book and scaling C&I operations.

Reported metrics

Guidance from management

Management aims for quality growth and capacity expansion in FY '27, focusing on executing the Smart Metering order book and scaling C&I operations. They expect to maintain margins and manage receivables effectively.

What management said

No. So it is -- no, I think it's the -- one of the promoter entity, and it's about 2.42%, I think, yes. So that's -- yes, exactly. So I think we expect that to be reduced in the coming quarters, yes. But nothing related to the CapEx on that.

Yes. So right now, of course, we have done internal testings. We have done certain study on that part also because globally, if you see, most of the metering companies are into electricity, gas and water, this thing. And there is a lot of production and R&D leverage, what one can build in it. But right now, we don't have any plans or a solution right now for that. But yes, we have internally studied that. And as and ...

What analysts pressed on

Analysts questioned the sustainability of C&I growth and the impact of government policies on Smart Metering demand. Concerns were raised about the promoter share pledge and its implications.

Main topics on the call

• Revenue Milestone — HPL Electric achieved over INR 1,800 crores in revenue for FY '26, with Q4 revenue exceeding INR 500 crores for the first time. This growth was driven by both the Smart Metering and C&I segments.
• C&I Segment Growth — The Consumer & Industrial segment grew 26% to INR 784 crores, increasing its share of total revenue from 37% to 43%. Wires & Cables within C&I grew 50% to INR 340 crores, driven by demand across multiple markets.
• Smart Metering Performance — Despite earlier disruptions, Smart Metering had its strongest quarter in Q4. The order book is robust, with metering accounting for over 97% of the INR 3,200 crores order book.
• New Product Development — HPL introduced Neeram Pulse, a smart water meter, and inaugurated a new manufacturing facility. This expansion into smart water infrastructure is seen as a strategic adjacency.

Read the full HPL Electric & Power Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 HPL Electric & Power Limited earnings call transcripts on record, spanning February 19, 2020 to August 11, 2026. Based on this history, HPL Electric & Power Limited reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HPL

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Electrical Equipment

Calls on record

28

First call

February 19, 2020

Most recent

August 11, 2026

Reporting cadence

quarterly