HPL Electric & Power Limited has announced its Q3FY26 financial results for the quarter ended December 31, 2025, demonstrating robust revenue growth across both standalone and consolidated operations. The company reported strong operational performance despite facing exceptional items related to new labour code implementations.

Q3FY26 Standalone Financial Performance

The company's standalone operations showed significant revenue expansion with total income reaching ₹46,198.18 lakhs compared to ₹38,557.41 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹1,716.79 lakhs, reflecting the impact of exceptional items totaling ₹535.50 lakhs.

Consolidated Results Outperform Standalone

The consolidated financial results demonstrated even stronger performance with revenue from operations reaching ₹47,391.66 lakhs against ₹39,247.63 lakhs in Q3FY25. Consolidated net profit showed improvement at ₹1,951.38 lakhs compared to ₹1,808.97 lakhs in the previous year, despite exceptional items of ₹544.68 lakhs.

Exceptional Items Impact

The company recognized exceptional items totaling ₹535.50 lakhs on standalone basis and ₹544.68 lakhs on consolidated basis. These primarily comprised ₹715.50 lakhs (standalone) and ₹724.58 lakhs (consolidated) related to employee benefit obligations arising from the implementation of New Labour Codes effective November 21, 2025. This was partially offset by ₹180.00 lakhs received against settlement of old litigation pursuant to Hon'ble High Court of Delhi order dated December 4, 2025.

Segment-wise Performance Analysis

The company's business segments showed mixed performance during the quarter. The Metering, Systems & Services segment reported revenue of ₹27,489.27 lakhs on standalone basis, while Consumer, Industrial & Services segment achieved ₹18,636.99 lakhs.

Board Approval and Audit Review

The Board of Directors approved these unaudited financial results in their meeting held on February 05, 2026, which commenced at 2:30 PM and concluded at 5:15 PM. The results have been subject to limited review by statutory auditors M/s. Sakshi & Associates, Chartered Accountants, in accordance with Regulation 33 of SEBI Listing Regulations.

HPL Electric & Power Limited has announced the launch of its new product 'Neeram Pulse' water meter on January 29, 2026. The company informed the stock exchanges about this development as part of its regulatory disclosure obligations under SEBI Listing Regulations.

Product Launch Details

The company submitted the product launch intimation to both the National Stock Exchange of India Limited and BSE Limited, providing comprehensive details about the new offering as required under SEBI regulations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III Part A Para B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also followed the guidelines specified in SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated July 13, 2023, which outlines the requirements for product launch disclosures.

Market Focus

The 'Neeram Pulse' water meter is specifically designed for the domestic market, indicating the company's strategic focus on serving Indian customers in the water measurement solutions segment. This launch represents HPL Electric & Power Limited's continued expansion of its product portfolio beyond its traditional electrical and power equipment offerings.

Information Accessibility

As per regulatory requirements, the company has made the product launch details available on its official website at www.hplindia.com , ensuring transparency and easy access to information for stakeholders and investors. The disclosure was signed by Vivek Kumar, Company Secretary, on January 29, 2026.