Press Release

August 10, 2026 The Manager, The Secretary Listing Department, BSE Limited National Stock Exchange of India Ltd. 25th Floor, New Trading Ring, Rotunda “Exchange Plaza”, C-1, Block G, Building, PhirozeJeejeebhoy Towers, Dalal Bandra-Kurla Complex, Bandra (E), Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Symbol: HPL Scrip Code: 540136 Subject: Press Release Dear Sir/Ma’am, Please find enclosed a copy of the communication being released to Press today. Thanking You For HPL Electric & Power Limited Vivek Kumar Company Secretary Encl: As stated above FOR IMMEDIATE RELEASE HPL Electric & Power Limited records highest- ever Q1 revenue at ₹515 crore, up 34.5% YoY: Consumer & Industrial revenue grows 55% to record ₹277 crore, with broad- based growth across product verticals; Smart Metering grows 16.5% YoY, Cash Profit up by 21%. Kundli, 10th August, 2026: HPL Electric & Power Limited, one of India’s established electrical equipment manufacturers across metering solutions, switchgear, lighting, wires & cables and fans, today announced its consolidated financial results for the quarter ended 30 June 2026. HPL delivered its highest-ever first-quarter revenue in Q1 FY27, with revenue from operations growing 34.52% YoY to ₹515.24 crore, compared with ₹383.03 crore in Q1 FY26. Revenue remained above the ₹500 crore level achieved in Q4 FY26 despite Q1 typically being a seasonally lighter quarter. Consolidated Financial Snapshot Particulars (₹ crore except per-share data) Q1 FY27 Q1 FY26 YoY Revenue from Operations 515.24 383.03 34.52% COGS 359.09 237.38 51.27% Gross Profit 156.15 145.65 7.21% Gross Margin 30.31% 38.03% Employee Expenses 58.08 53.08 9.42% Other Expenses 34.89 34.58 0.91% EBITDA 63.18 57.99 8.94% EBITDA Margin 12.26% 15.14% Q1 FY27 Performance Highlights • Record first-quarter scale Revenue from operations grew 34.52% YoY to ₹515.24 crore, the Company’s highest- ever Q1 revenue, and remained above ₹500+ crore. • C&I becomes a broader growth engine Consumer & Industrial revenue grew 55.00% YoY to ₹277.59 crore, its highest-ever quarterly revenue, increasing its share of consolidated revenue to approximately 54% from 47% in Q1 FY26. Growth was supported across Wires & Cables, Lighting and Switchgear. • Smart Metering maintains steady momentum Metering, Systems & Services revenue grew 16.53% YoY to ₹237.65 crore. The Company’s ₹3,200+ crore order book, of which more than 96% relates to Metering, Systems & Services, continues to provide longer-term execution visibility. • Earnings grow despite higher depreciation and margin pressure EBITDA increased 8.94% YoY to ₹63.18 crore, while PAT increased 1.15% YoY to ₹18.69 crore despite depreciation increasing by 56.55%. Finance cost declined 2.32% YoY to ₹22.08 crore. • Pricing and product-mix actions are underway to progressively restore margin performance Gross profit increased 7.21% YoY to ₹156.15 crore, while EBITDA grew 8.94% YoY to ₹63.18 crore. EBITDA margin stood at 12.26% compared with 15.14% in Q1 FY26, reflecting input-cost volatility, particularly across metals and industrial plastics- geopolitical conditions, alongside the changing revenue mix. Segment Snapshot The segment analysis also shows the revenue mix shifting from 53% Metering / 47% C&I in Q1 FY26 to 46% Metering / 54% C&I in Q1 FY27. Segment Q1 FY27 Q1 FY26 YoY Q1 FY27 Q1 FY26 Revenue Revenue EBIT Margin EBIT Margin Metering, Systems ₹237.65 cr ₹203.94 cr 16.53% 14.18% 17.67% & Services Consumer, ₹277.59 cr ₹179.09 cr 55.00% 8.40% 11.25% Industrial & Services Consumer & Industrial: broad-based growth across products • Revenue grew 55.0% YoY to a record ₹277.59 crore, taking C&I’s revenue share to ~54%. • Wires & Cables grew 78.6% YoY to ₹145.75 crore. • Lighting & Electronics grew 78.1%, while Industrial and Domestic Switchgear grew 19.0% respectively. Smart Metering: steady growth, strong visibility • Revenue grew 16.53% YoY to ₹237.65 crore alongside strong sequential pick up • Growth remains execution-led, with quarterly variability linked to AMISP schedules. • The ₹3,200+ crore order book, with over 96% from Metering, Systems & Services, provides longer-term visibility. Commenting on the performance, Mr. Gautam Seth, Joint Managing Director & CFO, HPL Electric & Power Limited, said: “Q1 FY27 represents a strong start to the year, with revenue growing 34.5% to our highest-ever first-quarter level. More importantly, the quarter demonstrates increasing breadth in HPL’s growth profile. Consumer & Industrial delivered its highest-ever quarterly revenue of ₹277.59 crore, up 55.00% YoY, compared with ₹179.09 crore in Q1 FY26. Its share of consolidated revenue increased to approximately 54% from 47% in the corresponding quarter last year. Importantly, the scale-up was broad-based across the segment. Wires & Cables revenue grew 78.6% YoY to ₹145.75 crore, achieving more than 40% of its full FY26 revenue of ₹340.74 crore in a single quarter. Demand remained diversified across builders, industrial OEMs, solar OEMs, telecom and institutional channels, with the business continuing to move towards volume-led growth. Lighting & Electronics revenue increased 78.1% YoY to ₹56.19 crore, while Industrial Switchgear grew 19.0% and Domestic Switchgear increased 6.9%. This wider participation across product categories reinforces C&I’s evolution into a diversified growth platform rather than a single-product growth story. Metering, Systems & Services revenue grew 16.53% YoY to ₹237.65 crore, compared with ₹203.94 crore in Q1 FY26 and strong pick up from Q4FY26.The Smart Metering market is progressively moving towards a more mature execution phase, with quarterly revenue influenced by AMISP procurement and dispatch schedules. HPL continues to view the segment as a long-duration opportunity, supported by its manufacturing scale, technology capabilities, established utility relationships and execution track record. The Company’s order book stands at ₹3,200+ crore as of 7 August 2026, with Metering, Systems & Services accounting for more than 96% of the total. EBITDA also grew during the quarter, although margins reflected input-cost volatility and the changing revenue mix. Pricing and mix actions are underway, and our focus is to progressively improve margin quality while continuing to scale both businesses. Looking ahead at FY27, We remain focused on disciplined execution, R&D-led differentiation and converting our capacity investments into sustainable earnings growth.” About HPL Electric and Power Ltd HPL Electric & Power Ltd. (NSE: HPLE) is a leading Indian manufacturer of low-voltage electrical equipment, offering a comprehensive portfolio across two complementary business platforms: Metering & Systems and Consumer & Industrial. The Consumer & Industrial platform spans domestic and industrial switchgear, wires & cables, lighting, fans and related electrical products, serving residential, commercial, institutional and industrial customers. HPL has an established pan-India distribution network comprising 90+ branch and representative offices, 900+ authorised dealers and 85,000+ retailers. In Metering & Systems, HPL has an established position in India’s smart-metering transition, supported by integrated manufacturing, in-house R&D, long-standing utility relationships and experience across advanced metering technologies and AMISP-led programmes. HPL operates seven manufacturing facilities with annual capacity of approximately 11 million electronic meters, 26 million lighting units, 16 million switchgear units and 194 million metres of Wires & Cables, supported by two R&D centres housing more than 100 engineers. Together, these businesses create a diversified electrical platform aligned with India’s infrastructure modernisation, electrification and increasing demand for electrical products across the grid-to-consumer value chain. Contact Details Shankhini Saha, CEO & Director – IR, Dickenson E-mail: hpl@dickensonworld.com For further information on HPL [Showing first 8,000 characters — download PDF for full document]