APN News

HPL Electric and Power Ltd reports 5.05 CR Net Profit and EBITDA Rises 11% for Q1 FY’20

New Delhi : – HPL Electric and Power Ltd (referred to as the “Company”; NSE: Symbol;HPL, BSE: Scrip Code;540136),an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, announces their financial results for the quarter ended June30, 2019.

Consolidated Performance Highlights

Particulars (In Rs Cr) Q1FY20 Q1FY19 YoY % FY19 FY18 YoY %
  Revenue from Operations 248.2 260.0 -4.6% 1,158.5 1,036.3 11.8%
  EBITDA 30.2 27.3 10.9% 133.5 109.9 21.5%
  EBITDA Margin % 12.2% 10.5% 169 bps 11.5% 10.6% 92 bps
  Reported PAT 5.1 5.6 -10.4% 32.7 27.6 18.6%
  PAT Margin % 2.0% 2.2% -13 bps 2.8% 2.7% 16 bps

Mr. Gautam SethJoint Managing Director said“During the quarter, we reported resilient financial performance along with an improvement in operating profitability, despite being faced with weak industry demand and a challenging economic environment. Our metering business continued to post robust growth backed by timely execution of orders.

On the product innovation front, we recently launched new innovative range of products in the lighting segment “The seven wonders” and new” TechnoN MCBs& DBs” in Switchgears. Both these product ranges have received very good dealer response. We also continued our focus on brand building by undertaking various marketing initiatives. Building upon our successful campaign with the Delhi Capitals Team in IPL, we have now tied-up with the “Haryana Steelers Pro Kabbadi Team”. We believe this gives us an effective platform to create strong brand visibility in the Tier 2 & 3 cities and rural areas enabling us to drive aggressive growth in these regions.

Going forward, we expect our lighting and metering segments to see strong growth on a sequential basis in Q2. We are also optimistic of seeing good traction across our business segments in the second half of this year as the economic conditions gradually improve. Further, the company is fully geared up to meet the Govt’s ambitious target of smart meters which can truly be a game changer providing enormous growth potential.


Robust Order Book & Strong Revenue Visibility

 Consolidated order book was Rs 508.4cr (Net of GST) as on 9thAugust2019

Exit mobile version