HPL Electric FY26: Consumer and Industrial scales up as metering recovers

Consolidated revenue from operations in FY26 was 1,811.10 crore, up 6.52% YoY (vs 1,700.24 crore in FY25).

FY26 EBITDA was 281.43 crore (+10.52% YoY). EBITDA margin improved to 15.54% from 14.98%. Gross margin increased to 36.01% from 35.03%.

The presentation attributes PAT moderation to higher depreciation following capacity additions and temporary input-cost timing/volatility, despite resilient operating performance.

FY26 segment revenue share was stated as 57% for Metering, Systems and Services and 43% for Consumer, Industrial and Services.

The presentation states Metering, Systems and Services account for 97%+ of the order book, totalling 3,200+ crore as of 22 May 2026.

Wires and Cables revenue was 340.74 crore in FY26, growing 50.0% YoY. Q4 FY26 growth was stated at 81.96% YoY.

No. The presentation explicitly states that revenue contribution from the smart water metering vertical is not material to FY27 expectations; near-term focus is on approvals and pilots.