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HPL Electric & Power Limited Q3 FY26 results deck summary

NSE: HPL · BSE: 540136

Results deck of 5 Feb 2026, summarised by AI from the filing.

Q3 FY26 revenue ₹473.92 cr, up 20.75% YoY, with smart metering order book at ₹3,100+ cr and deliveries step-up guided.

Key takeaways

  1. Guidance Management expects a further step-up in smart meter deliveries from November to March and a strong Q4.
  2. Change Lighting & Electronics returned to growth with 19.54% YoY growth in Q3 FY26 after 6–8 subdued quarters.
  3. Driver Smart Metering is set to be the key growth driver, with the ₹3,100+ cr order book supporting conversion.
  4. Risk Gross margin declined 97 bps YoY to 34.25% in Q3 FY26.

Original filing on BSE

HPL Electric & Power Limited Q1 FY27 results

As filed: Revenue ₹515 cr (+35% year on year), EBITDA ₹63.2 cr (+7% year on year), PAT ₹18.7 cr (+4% year on year), EBITDA margin 12.3% (−314 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹520 cr (+5% year on year), EBITDA ₹85.8 cr (+3% year on year), PAT ₹30.9 cr (−16% year on year), EBITDA margin 16.5% (−33 bps). Score 24 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 33 bps year on year. Share price after the results: −1.7% in 29 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹474 cr (+21% year on year), EBITDA ₹71.7 cr (+30% year on year), PAT ₹19.5 cr (+32% year on year), EBITDA margin 15.1% (+111 bps). Score 77 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend; profit before exceptional items growth was below it. EBITDA margin rose 111 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue grew on the previous quarter, against its usual seasonal pattern. Profit before exceptional items rose ₹7.6 cr on a year ago, more than the ₹5.0 cr it added the year before. Share price after the results: −1.4% in 29 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹434 cr (+3% year on year), EBITDA ₹66.0 cr (+8% year on year), PAT ₹22.0 cr (0% year on year), EBITDA margin 15.2% (+75 bps). Score 23 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 75 bps year on year. Share price after the results: −14.2% in 28 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹383 cr (−3% year on year), EBITDA ₹59.0 cr (+5% year on year), PAT ₹18.0 cr (+6% year on year), EBITDA margin 15.4% (+116 bps). Score 17 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 116 bps year on year. Revenue fell 22% from last quarter. Revenue rose ₹-10.0 cr on a year ago, against ₹72.0 cr the year before. Share price after the results: −17.2% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹493 cr (+16% year on year), EBITDA ₹83.0 cr (+51% year on year), PAT ₹37.0 cr (+164% year on year), EBITDA margin 16.8% (+386 bps). Score 79 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 386 bps year on year. Revenue rose ₹69.0 cr on a year ago, more than the ₹61.0 cr it added the year before. Share price after the results: +9.6% in 29 days (Nifty 500: +2.0%).
  • Q3 FY25: Revenue ₹392 cr (+7% year on year), EBITDA ₹55.0 cr (+12% year on year), PAT ₹18.0 cr (+50% year on year), EBITDA margin 14.0% (+64 bps). Score 33 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin rose 64 bps year on year. Revenue fell 7% from last quarter. Revenue rose ₹26.0 cr on a year ago, against ₹64.0 cr the year before.
  • Q2 FY25: Revenue ₹422 cr (+21% year on year), EBITDA ₹61.0 cr (+30% year on year), PAT ₹22.0 cr (+100% year on year), EBITDA margin 14.5% (+103 bps). Score 79 of 100, Above trend. EBITDA margin rose 103 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

HPL Electric & Power Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.