HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The Company has significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgears, LED lighting and wires
and cables. It caters to a wide spectrum of customer segments, such as power utilities, government agencies, and retail and institutional customers, with a strong brand recall as a trusted electrical brand.
Financial Results:
- HPL Electric & Power Ltd reported Revenues for Q1FY24 of ₹320.74 Crores up from ₹295.59 Crore year on year, a rise of 8.51%.
- Total Expenses for Q1FY24 of ₹310.91 Crores up from ₹286.88 Crores year on year, a rise of 8.38%.
- Consolidated Net Profit of ₹6.94 Crores up 9.81% from ₹6.32 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.08, up 10.20% from ₹0.98 in the same quarter of the previous year.