Earning Call Transcript

HPL Electric & Power Ltd's Q4 and FY26 earnings call transcript reveals a robust financial performance, with FY26 revenue surpassing ₹1,800 crores and Q4 revenue exceeding ₹500 crores for the first time. EBITDA grew faster than revenue, supported by improved gross margins and expanding cash profit, despite higher depreciation from capacity additions. The company's Consumer & Industrial (C&I) segment delivered strong growth of 26% to ₹784 crores, with wires and cables being a standout performer, growing 50%. The smart metering business also recovered, with Q4 marking its strongest quarter of the year, backed by a visible order book.