HPL Electric & Power Ltd., a leading manufacturer of electrical equipment, has reported impressive financial results for Q2 and H1 FY25, reflecting its strong market presence and operational efficiency. For H1 FY25, the company recorded a 21.46% growth in revenue, reaching ₹815.23 crore, supported by sustained demand in its Metering Systems & Services segment. Profit After Tax (PAT) surged by 114.98% year-over-year to ₹38.61 crore for H1 FY25, with Q2 FY25 alone seeing a 95.83% rise to ₹21.58 crore. This growth underscores HPL’s robust strategies, particularly in driving profitability and expanding market reach.
The company achieved a 28.40% year-over-year EBITDA growth in Q2 FY25 to ₹60.58 crore, while its EBITDA margin improved by 88 basis points, reaching 14.34%. HPL’s Metering Systems & Services segment grew by 29.02% in Q2 FY25, driven by high demand, while its Consumer, Industrial & Services segment saw an 8.52% growth, bolstered by exceptional performance in cables and switchgear.
Significant Milestones and Strategic Initiatives
HPL secured major orders in FY25, including a ₹2,100 crore smart meter order in July and a ₹143.77 crore order in September, reinforcing its leadership in India’s smart metering market. The company’s magnetic latching relay technology and growing investments in R&D have strengthened its position in energy management and infrastructure development.
Additionally, HPL expanded its B2C network, reaching over 83,000 retailers and 900 authorized dealers across India, ensuring better accessibility of its products. This growth was complemented by strategic brand-building initiatives, such as retailer and distributor engagement programs held in key cities.
Strengthening Market Presence
With a robust order book exceeding ₹3,500 crore, HPL is well-positioned for sustained revenue growth and continues to play a vital role in India’s energy infrastructure transformation. Its comprehensive portfolio, including smart meters, lighting, switchgear, and wires, demonstrates the company’s capability to meet the evolving demands of the energy sector.
Founded in 1975, HPL Electric & Power Ltd. is a prominent player in India’s electrical equipment sector. Its diverse portfolio includes metering solutions, switchgear, lighting, and cables, catering to both consumer and institutional markets. With a strong manufacturing base and an extensive sales network, HPL remains a leader in the electricity energy meters market and continues to innovate in sustainable energy solutions.
