HPL Electric & Power Limited reported its highest-ever quarterly revenue in Q4 FY26, with revenue from operations crossing ₹500 crore for the first time to reach ₹519.70 crore, up 5.52% year-on-year. For the full financial year ended March 31, 2026, revenue from operations stood at ₹1,811.10 crore, a 6.52% increase from the previous year. The company’s operating performance remained resilient, with FY26 EBITDA growing 10.52% year-on-year to ₹281.43 crore and EBITDA margin expanding 56 basis points to 15.54%. However, reported profit after tax for FY26 stood at ₹91.25 crore, compared to ₹93.99 crore in FY25, primarily due to higher depreciation following capacity additions and temporary input-cost timing. The Board has recommended a final dividend of ₹1.00 per equity share for the financial year 2025-26, subject to shareholder approval.

Q4 Performance Highlights

In Q4 FY26, HPL delivered strong operational metrics despite a year-on-year decline in reported net profit. EBITDA for the quarter rose to ₹85.81 crore from ₹82.24 crore in the corresponding period last year. While the EBITDA margin was 16.51%, slightly lower than the 16.70% recorded in Q4 FY25, gross margin improved to 35.65% from 34.54%. The following table summarises the key Q4 metrics:

Annual Financial Performance

The consolidated financial results for FY26 show total revenue from operations at ₹1,811.10 crore, up from ₹1,700.24 crore in FY25. Gross profit for the year increased 9.48% to ₹652.09 crore, with gross margin improving 97 basis points to 36.01%. Cash profit, a key indicator of underlying business strength, increased 13.43% to ₹155.51 crore, with cash EPS at ₹24.15. The key annual financials are presented below:

Segment Results

Revenue from the Metering, Systems & Services segment for FY26 was ₹1,026.43 crore, a decline of 4.57% year-on-year due to industry-wide execution disruptions. However, the segment showed sequential recovery, with Q4 revenue of ₹305.74 crore marking the strongest quarter of the fiscal year. The Consumer, Industrial & Services segment emerged as a key growth driver, with revenue rising 25.62% to ₹784.67 crore. Wires & Cables was a standout performer within this segment, growing 50.0% to ₹340.74 crore.

Strategic Outlook

HPL enters FY27 with two clear growth engines: Smart Metering and Consumer & Industrial. The company continues to benefit from strong long-term smart metering demand visibility, with an order book of over ₹3,200 crore as of May 22, 2026. In the Consumer & Industrial segment, the company plans to scale Wires & Cables, Switchgear and Lighting through channel expansion and product innovation, supported by a network of 90+ branch offices and 85,000+ retailers.

HPL Electric & Power has announced the re-appointment of Dr. (Mrs.) Rashmi Vij (DIN: 01103219) as an Independent Director of the Company for a second consecutive term of five years, effective May 12, 2026. The decision, taken by the Board of Directors upon the recommendation of the Nomination and Remuneration Committee, is subject to approval by the shareholders of the Company. The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III.

Re-Appointment Details

The key parameters of Dr. Vij's re-appointment are outlined below:

Compliance Confirmation

In accordance with Exchange Circulars dated June 20, 2018, the Board of Directors and the Nomination and Remuneration Committee have verified that Dr. (Mrs.) Rashmi Vij is not debarred from holding the office of director pursuant to any SEBI order or any other such authority. The re-appointment has been carried out in full compliance with applicable regulatory requirements. The intimation was signed by Vivek Kumar, Company Secretary of HPL Electric & Power, on May 11, 2026.

Profile of Dr. (Mrs.) Rashmi Vij

Dr. (Mrs.) Rashmi Vij brings a distinguished academic and professional background to her role as Independent Director. She is a gold medallist in MA (Psychology) and holds a Doctorate in Psychology. Key highlights of her profile include:

• Founder Principal of Police DAV Public School since 1996
• Chairperson of Jalandhar Sahodaya Complex
• Heads various sports organisations in Punjab and India
• Serves as British Council School Ambassador for various advocacy programmes
• Recipient of the National Teacher Award - 2007 conferred by the Honourable President of India, Smt. Pratibha Patil
• Recipient of the Best Principal Award by the DAV Management Committee, New Delhi
• Recipient of the Scout Award by National Innovation Foundation for promoting innovative thinking in school
• Actively involved in educating underprivileged children and women's empowerment

Dr. (Mrs.) Rashmi Vij is not related to any of the existing Directors, Key Managerial Personnel, or Promoters of the Company, as disclosed in accordance with applicable regulatory requirements.