Investor Call Transcript

August 17, 2026 The Manager, 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, Bandra-Kurla Complex, Bandra €, Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Symbol: HPL Scrip Code: 540136 Sub: Transcript of Conference Call with the Investors/Analysts Dear Sir/Ma’am, In continuation to our earlier intimation dated August 11, 2026 regarding outcome of Investors/Analyst’s Conference call held on Tuesday, August 11, 2026 at 12:00 p.m. (IST). A copy of transcript of the conference call held with the Investors/Analysts is enclosed herewith for your record. The transcript of aforesaid conference call is also available on the Company’s website at www.hplindia.com. Yours Faithfully For HPL Electric & Power Limited Vivek Kumar Company Secretary Encl: As stated above HPL Electric & Power Limited | Q1FY27 Earnings Webinar Transcript HPL Electric & Power Limited Q1FY27 Earnings Webinar Transcript 12:00pm IST on August, 11th 2026 Disclaimer This transcript has been prepared for information and reference purposes in connection with the Q1FY27 earnings webinar of HPL Electric & Power Limited. Certain statements made during the webinar may be forward-looking in nature and are based on current expectations, estimates and assumptions. Such statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. The transcript should be read in conjunction with the Company's financial results, investor presentation, press release and other statutory filings. Nothing contained herein should be construed as investment advice or as a solicitation to buy, sell or hold securities of the Company. The Company does not undertake any obligation to update any forward- looking statements, except as required under applicable law. In case of any discrepancy, the audio recording of the webinar shall prevail. Transcript Shankhini Saha (Moderator): Ladies and gentlemen, very good afternoon to you all and thank you for joining us today for HP Electric and Power Limited's Q1 FY27 earnings webinar produced by ElevEase. So I’m Shankhini. I'm the director of investor relations from Dickinson and I'll be moderating our call today. So joining us from the HPL management team is Mr. Gautam Seth. He's the joint managing director and CFO. So before we start, please note that this conference is being recorded and that some statements in this call may be forward-looking subject to current expectations and to risk that could cause results to differ materially. you can also download HPL's investor presentation and press release from the company website or the NSE. So I'll now hand over to you Gautam to begin with opening remarks. Gautam Seth: Yeah, thank you Shankhini. Good afternoon, everyone and thank you for joining us today. Q1 FI27 has been a strong start for the year for HPL electric. Revenue from operations grew 35% year-on- year to 515 crores. Our highest ever first quarter revenue and remained above 500 cr level despite Q1 typically being a seasonally light Quarter. EIA grew 9% to 63 crores while PAT increased to 19 crores. More importantly, the quarter further strengthens the two-engine growth model we discussed in FY26. Consumer and industrial scaling as a faster cycle product and channel platform while smart metering continues to provide long cycle growth and order book visibility. Together, these businesses are giving HPL Electric a broader and more balanced growth base. Consumer and industrial delivered its highest ever quarterly revenue of 278 crores growing 55% year on year and contributed approximately 54% of the revenue during the quarter. The important point for us is not simply that C&I has become larger. It is that growth is becoming broader across various product baskets. Wire and cable continues its strong momentum with revenue growing 79% to 146 crores. Demand remains diversified across builders, industrial OEMs, solar, telecom, retail and institutional customers. The business has already achieved more than 40% of its full FY26 revenue in the first quarter and we continue to see increasing evidence of volume scale. We're we are also seeing encouraging participation from other C&I categories. Lighting grew 78%. 56 crores industrial switch gear grew 19%. The breadth is important because our objective is to build C&I as a diversified electrical product platform rather than depend on any single category for growth. Our distribution platform remains central to the strategy. HPL electric today reaches the market through more than 900 authorized dealers and over 85,000 retailers. HPL Electric & Power Limited | Q1FY27 Earnings Webinar Transcript As the product basket becomes stronger across wires and cables, switch gears, lighting, fans and other categories. We have an opportunity to drive greater reach through an established network while continuing to invest in products, brands, and channel relationships. At the same time, smart metering continues to be an important long cycle growth engine. Metering and system grew close to 17% year-on-year to 234 crores. As the smart metering market matures, we are entering a more stable execution led phase with improving visibility and greater consistency in deployment and execution. Our order book stands at 3,200 CRS as on 7th August 26 with metering and systems accounting for more than 96% of the total orders. This provides a strong medium-term visibility and allows us to remain focused on execution, technology and service levels. On profitability, EBITDA grew during the quarter although EBITDA margins moderated to 12.26%. Cash profit increased to 21% increased by 21%. This reflected an input cost volatility volatility particularly across metals and industrial plastics due to the geographical disruptions. Together with the changing revenue mix, we have initiated pricing and product mix actions and remain focused on progressively improving margin quality as the year develops. Higher depreciation following our capacity investments also moderated the translation of operating growth into PAT. The broader direction remains clear. We want to scale both engines with quality and scale in C&I. That means widening participation across product basket, strengthening channel productivity and building scale in wire and cables. Likewise for other products as well. In smart metering, it means disciplined execution of the order book technology differentiation and maintaining financial discipline. As we progress through FI27, our priorities remain growth with improving margin quality, working capital discipline, calibrated capacity utilization and continued investment in R&D. Our objective is to convert the scale we are building today into sustainable earning growth and a stronger HPL on a longer term. On this note, let's open the floor for questions. So we'll start with the first question that's come written in. So Gautam, this question is on the C&I segment. So we've seen some good progressive growth in the C&I segment for this quarter. Can you give us a breakdown productise on how you are seeing this progress in the next coming two quarters? Gautam Seth: Yeah. So so C&I has seen a growth for the last five quarters now and each time the the absolute value of sales and the the percentage of growth are getting larger. So initially it started off more with the wire and cables but now we are seeing the growth happening in switch gears we are seeing it in happening in lighting also. So overall we are very confident of the growth what is happening there has been an expansion in the channel in terms of dealer distributor and more on the retail side where the retailers are expanding and our products are also expanding in a bigger way. we have also you know we have we have a concept of one consumer one family which encourages dealer and incentivizes them on taking [Showing first 8,000 characters — download PDF for full document]