HPL Electric & Power Posts Strong Q3 Results with Profit Surge

HPL Electric & Power has announced its financial results for the December quarter, showcasing resilience and growth in a competitive market. The company recorded consolidated revenue from operations at ₹4.74 billion, supported by robust demand in metering solutions, switchgear, and lighting products. Net profit stood at ₹194.5 million, highlighting improved margins and operational efficiency.

Key Highlights:

• Revenue Growth: Consolidated revenue from operations reached ₹4.74 billion, driven by strong product demand.
• Profit Performance: Net profit rose to ₹194.5 million, reflecting better cost management and efficiency gains.
• Sector Strength: Continued momentum in metering and switchgear segments contributed significantly to topline growth.
• Market Outlook: The company remains optimistic about sustained demand in infrastructure and power distribution, supported by government initiatives.
• Strategic Focus: HPL Electric & Power is investing in innovation and expanding its product portfolio to strengthen its market position.

Sources: Reuters, Economic Times, Business Standard