HPL Electric & Power Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 15, 2024 at 10:09 am
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HPL Electric & Power Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 4,240.93 million compared to INR 3,627.53 million a year ago. Revenue was INR 4,258.27 million compared to INR 3,640.59 million a year ago. Net income was INR 137.09 million compared to INR 112.51 million a year ago. Basic earnings per share from continuing operations was INR 2.13 compared to INR 1.75 a year ago. Diluted earnings per share from continuing operations was INR 2.13 compared to INR 1.75 a year ago.
For the full year, sales was INR 14,608.58 million compared to INR 12,622.09 million a year ago. Revenue was INR 14,650.92 million compared to INR 12,657.72 million a year ago. Net income was INR 435.64 million compared to INR 301.78 million a year ago. Basic earnings per share from continuing operations was INR 6.78 compared to INR 4.69 a year ago. Diluted earnings per share from continuing operations was INR 6.78 compared to INR 4.69 a year ago.
HPL Electric & Power Limited is an India-based company, which is a multiproduct electric equipment manufacturer. The Companyâs product portfolio covers a wide range of low-voltage electric products including metering solutions, switchgears, lighting products, wires and cables, solar solutions, and modular switches. The Company operates through two segments: Metering and Systems, and the Consumer & Industrial Segment. The Company has its presence across five key verticals: Metering Solutions, Switchgears, light emitting diodes (LED) Lighting, Wires and Cables, Solar Solutions and Modular Switches. Its Metering vertical offers smart meter, net meter, prepaid meter, Tri vector meter and others. Its Switchgear vertical includes Industrial Applications, which include air circuit breaker (ACB), molded case circuit breaker (MCCB), and phase selector. The Companyâs manufacturing units are located at Gurugram, Kundli, Gharaunda and Sonepat in Haryana and Jabli in Himachal Pradesh.