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HPL delivers ‘powerful’ record performance

Rs 308 cr revenue best in 8 quarters

Driven by robust performance in B2B, B2C segments, says HPL Jt. MD Gautam Seth

NOIDA, June 29 (The CONNECT) – Power equipment major HPL Electric and Power Ltd registered quarterly revenue of ₹ 308 Crores – the highest in the last eight quarters.

Announcing the company’s financial results for the quarter ended March 31, 2021 Gautam Seth, Joint Managing Director - HPL Electric and Power Ltd, said, he performance during the Q4FY21 was attributed by the robust performance of both the metering (B2B) and the consumer (B2C) segments.

Particulars (In Rs Cr)

Q4 FY21

Q4 FY20

Q3 FY21

FY21

FY20

  Revenue from Operations

307.8

212.2

244.0

875.1

976.5

  EBITDA

43.7

27.0

34.7

119.0

124.9

  EBITDA Margin %

14.2%

12.7%

14.2%

13.6%

12.8%

  Cash PAT

25.8

11.9

19.6

55.0

59.3

The metering segment improved performance was accredited to an increase in inspections and dispatches.” Currently, we have a strong order book of ₹ 704 Crores ensuring revenue visibility for the current year despite the lockdown in Q1FY22 which have caused few disruptions. We are extremely delighted to share that we have received approval and production clearance from a leading Private Distribution Company for the implementation of 4G and 5G compatible Narrow Band-Internet of Things (NB-IoT) based Smart Meters in various parts of Delhi,” Seth said.

The consumer segment registered a healthy double-digit growth in the lighting and wires and cables categories, which surged by 31% & 99% YoY, respectively. Additionally, the recent order wins of over ₹ 372 Crores for switchgear, wires and other related accessories enhanced HPL’s position as one of the leading electrical equipment manufacturers of the country. “We have a diversified portfolio of electrical equipment catering to various needs of the market and are confident about the long-term growth trajectory of the Consumer segment fuelled by a pick-up in the economic activity, improved consumer sentiments and increased government funding,” Seth said.

The company is currently exporting to 45 countries. HPL’s testing lab for LED lighting was certified by National Accreditation Board for Testing and Calibration Laboratories (NABL) for independent testing of LED lighting.

Overall, the Company is confident of overcoming near-term challenges and create sustainable value for its stakeholders.  

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