HPL Electric reported a strong Q1FY27, with revenue up 35% YoY to 515 Cr and PAT increasing to 19 Cr.

EBITDA margins moderated to 12.26% due to input cost volatility, but management aims for progressive improvement through pricing actions.

The Consumer & Industrial (C&I) segment saw 55% growth to 278 Cr, driven by 79% growth in wires and cables.

Smart metering revenue grew 17% to 234 Cr, with a robust order book of 3,200 Cr ensuring strong long-term visibility.

Management is confident in both growth engines, actively addressing margins, and sees significant future opportunities in smart metering and exports.