Rs 2,000 crore order book: This multibagger small-cap company reports positive quarterly results with a bright future!
The stock gave multibagger returns of 125 per cent in 6 months and over 200 per cent in 1 year.
HPL Electric & Power Ltd, a leading electrical equipment manufacturer in India operating for the past 40 years announced its Quarterly Results ended June 30, 2023. Details below:
Key Financial Highlights for the quarter results ended June 30, 2023 (Consolidated):
- Total income stands at Rs 321.69 crore in Q1FY24 as against Rs 295.59 crore in Q1FY23, an increase of 8.47 per cent on YoY.
- Revenue from Operations during the quarter increased by 8.51 per cent to Rs 320.74 crore as against Rs 295.59 crore in Q1FY23.
- EBITDA was at Rs 40.99 crore, an increase of 6.08 per cent as compared to Rs 38.64 crore in Q1FY23.
- Profit Before Tax increased by 11.25 per cent to Rs 10.78 crore in Q1FY24 as against Rs 9.69 crore in Q1FY23.
- Profit After Tax increased by 9.81 per cent to Rs 6.94 crore in Q1FY24 as against Rs 6.32 crore in Q1FY23.
- EPS stands at Rs 1.08 per equity share of the face value of Rs 2 per share.
Order Book Update: With an order book exceeding Rs 2000+ crore as of July 04, 2023, HPL's position at the forefront of India's energy modernization journey is solidified. As the nation embraces energy-efficient solutions, HPL is poised to play an instrumental role in shaping the landscape of India's energy-efficiency future.
The company has a strong presence across five key product verticals: metering solutions, modular switches, switchgear, LED lighting, and wires and cables. It caters to a wide range of customers, including power utilities, government agencies, and retail and institutional customers. The company exports its products to over 42 countries in Asia, Africa, Europe, the UK, and the Indian Subcontinent. The company has a market cap of over Rs 1,300 crore.
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On Thursday, shares of HPL Electric & Power Ltd plunged 5 per cent to Rs 204.35 per share with an intraday high of Rs 208.75 and an intraday low of Rs 204.35. The shares of the company saw a spurt in volume by more than 2.45 times on BSE.
The stock gave multibagger returns of 125 per cent in 6 months and over 200 per cent in 1 year. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.