HPL Electric & Power Limited announced its Q2 & H1 FY26 consolidated financial results and business outlook. * Revenue from operations grew 3% year-on-year (YoY) to ₹434.45 crore in Q2 FY26, with H1 FY26 revenue at ₹817.48 crore. * The Metering, Systems & Services segment generated ₹229 crore in Q2 FY26, showing a 12% quarter-on-quarter (QoQ) pickup, with H1 revenue at ₹433 crore. * The Consumer, Industrial & Services segment recorded robust growth, with Q2 FY26 revenue up 30% YoY to ₹205 crore and H1 revenue up 23% YoY to ₹384 crore. * Wires & Cables portfolio grew 24%, with management expecting Q3 YoY growth in the 35–40% range. Lighting & Electronics revived with ~21% growth. * EBITDA increased 9% YoY to ₹65.90 crore in Q2 FY26, expanding the margin by 83 basis points to 15.17%. H1 FY26 EBITDA stood at ₹123.90 crore with a 15.16% margin. * Profit Before Tax (PBT) rose 5% YoY to ₹30.49 crore in Q2 FY26; H1 PBT was ₹55.51 crore. * Profit After Tax (PAT) grew 4% YoY to ₹22.36 crore in Q2 FY26; H1 PAT was ₹40.84 crore. * Earnings Per Share (EPS) for Q2 FY26 was ₹3.46 and for H1 FY26 was ₹6.33 (compared to ₹5.99 in H1 FY25). * The company holds a strong order book of over ₹3,300 crore, with approximately 99% comprising smart meters, indicating significant future growth. * Management anticipates a further acceleration in smart meter deliveries from November to March. * Credit ratings have strengthened, with CRISIL upgrading the rating from A- to A, and India Ratings and Research (Ind-Ra) assigning an IND A+ / Stable rating. * HPL Electric & Power Limited will host a conference call for investors on Tuesday, November 18, 2025, at 12:30 p.m. to discuss the Q2 & H1 FY26 results, following the release of the Earnings Presentation on November 14, 2025. * The company is continuously investing in brand building, with advertising and promotion spends of ₹7.7 crore in H1 FY26 for the Consumer & Industrial segment.
