Bigul

Q3FY24 Quarterly & 9MFY24 Result Announced for HPL Electric & Power Ltd.

Heavy Electrical Equipment company HPL Electric & Power announced Q3FY24 & 9MFY24 results: Revenue from operations for 9MFY24 reached Rs 1,036.77 crore, showing a YoY growth of 15.27%. Metering & Systems segment witnessed a significant growth of 28% YoY, reaching Rs 215.92 crore in Q3FY24 from Rs 168.79 crore in Q3FY23. Consumer & Industrial segment revenue increased by 13% YoY to Rs 149.65 crore in Q3FY24 from Rs 132.79 crore in Q3FY23. EBITDA for 9MFY24 amounted to Rs 136.93 crore, reflecting a growth of 22% YoY. Reported PAT (Profit After Tax) for 9MFY24 stood at Rs 29.91 crore, showcasing a notable growth of 57.57% YoY. Revenue from Operations in Q3FY24 reached Rs 365.57 crore, indicating a growth of 21.22% YoY. EBITDA for Q3FY24 amounted to Rs 49.71 crore, reflecting a growth of 35.16% from Rs 36.78 crore in Q3FY23. Additionally, EBIDTA margin improved to 13.60% in Q3FY24, showing an enhancement of 140 basis points (bps) from 12.20% in Q3FY23. Reported PAT for Q3FY24 stood at Rs 11.95 crore, showcasing robust growth of 87.14% from Rs 6.38 crore in Q3FY23. Moreover, the PAT margin improved by 3.37% in Q3FY24, up by 115 bps. The company boasts an order book of over Rs 2,400+ crore. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power, commented on the company's financial performance, saying, “The cornerstone of our success this year so far has been our agile response to the fast-transforming power sector, coupled with secular growth across our metering and consumer and industrial segments. This comprehensive growth is supported by the trust AMISPs have in our metering solutions and products. Our strategic emphasis on cost competitiveness and innovation continues to be crucial in winning and securing large orders. Our current order book, which stands at over Rs 2,400 crore, is a testament to the market's confidence in our capabilities. Moreover, our ongoing efforts to expand our channel network are aiding us in reaching new markets and customers, further enhancing our growth prospects and market presence. Looking ahead, we expect a good fourth quarter, setting a solid foundation as we enter into the next financial year.” Result PDF
14-02-2024
Bigul

HPL Electric & Power Ltd - 540136 - Financial Results For The Quarter And Nine Months Ended 31.12.2023

Financial Results for the quarter and nine months ended 31.12.2023
14-02-2024
Next Page
Close

Let's Open Free Demat Account