Home / Business and Economy / HPL Electric Secures ₹242 Crore Smart Meter Orders
HPL Electric Secures ₹242 Crore Smart Meter Orders
2 May
Summary
- HPL Electric received new orders totaling ₹242.24 crore for smart meters.
- The company reported a 20.8% year-on-year revenue increase to ₹474 crore.
- EBITDA grew 29% year-on-year to ₹72 crore in the December quarter.
HPL Electric & Power Ltd. announced securing new work orders amounting to ₹242.24 crore for the supply of smart meters. These significant orders were placed by multiple existing clients, including GMR Triveni Smart Meters and Paschimanchal Infrastructure, and are considered part of the company's standard business operations.
The company also reported robust financial results for the December quarter. Revenue from operations experienced a substantial year-on-year increase of 20.8%, reaching ₹474 crore. This growth was primarily driven by higher sales volumes recorded during the quarter.
Profitability metrics showed marked improvement as well. Net profit grew by 8.3% year-on-year to ₹19.5 crore. Furthermore, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 29% to ₹72 crore, with EBITDA margins expanding to 15.2% from 14.2% in the previous year.
