HPL Electric & Power Ltd. Records Robust Financial Growth in Q1FY2025

HPL Electric & Power Ltd. reported significant financial growth in Q1FY2025, with a 22.50% increase in revenue and a 145.45% surge in profit after tax. The company showcased strong performance across its Metering, Systems & Services segments and enhanced its market leadership in smart metering technology.

HPL Electric & Power Ltd. (NSE: HPL, BSE: HPL), a leader in electrical equipment manufacturing, has unveiled its financial results for Q1FY2025, ending June 30th, 2024. The company achieved notable revenue and profit growth, largely driven by strong sales in Metering, Systems & Services segments and advancements in smart metering technology.

Financial highlights include a 22.50% year-over-year revenue growth to ₹392.91 crores and a 145.45% increase in profit after tax (PAT) to ₹17.03 crores. The EBITDA rose by 40.19% to ₹56.13 crores, propelled by effective cost management and operational efficiency.

Market leadership in smart metering was reinforced, with a 35.67% rise in the Metering, Systems & Services segment. An MoU with Guangxi Ramway enhances HPL's relay technology capabilities, bolstering its 'Make in India' strategy. Focused investments in R&D and a growing order book underscore the company's commitment to sustained growth.

(With inputs from agencies.)