Order Book Rs 3,500 Crore: This Multibagger Small-cap Electric & Power Company Reports Strong Q2 & H1 FY25 Results with 114.98 per cent YoY PAT Surge for H1!
The stock gave multibagger returns of 154 per cent returns in just 1 year and a whopping 1,155 per cent in last 5 years.
Today, shares of HPL Electric & Power Ltd jumped by 5.54 per cent to Rs 529.40 per share from its previous closing. The stock’s 52-week high is Rs 694 and its 52-week low is Rs 198.55.
HPL Electric & Power Ltd a prominent electrical equipment manufacturer, reported strong financial performance for Q2 and H1 FY25, covering the quarter and six months ending 30th September 2024. This performance was primarily driven by sustained demand in the Metering Systems & Services segment. The company achieved a 20.51 per cent and 21.46 per cent increase in revenue from overall operations in Q2 and H1 FY25, respectively, reflecting its ability to capitalise on market opportunities and drive top-line expansion.
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HPL also demonstrated a notable enhancement in profitability, with PAT increasing by 95.83 per cent to Rs 21.58 crore in Q2 FY25 and reaching Rs 38.61 crore in H1 FY25, a growth rate of 114.98 per cent. This substantial growth is attributed to the company’s ongoing efforts to boost operational efficiency, showing strong performance in Q2 following an encouraging start in the first quarter.
Segment Performance:
- Metering Systems & Services: This segment saw a robust 29.02 per cent YoY growth in Q2 FY25, reaching Rs 264.44 crore. For H1 FY25, the segment achieved Rs 503.11 crore, reflecting a growth rate of 32.09 per cent over the same period last year.
- Consumer, Industrial & Services: This segment reported steady growth, with revenues increasing by 8.52 per cent YoY in Q2 FY25 to Rs 157.88 crore. Cables grew 57.5 per cent, while Domestic Switchgear grew at over 34.5 per cent.
Order Book: HPL maintains a robust order book exceeding Rs 3,500 crore, with most orders stemming from the Metering Systems & Services segment, ensuring strong revenue visibility.
Mr. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power Ltd., remarked, "Our Q2 and H1 FY25 results are proof positive that HPL is on a powerful growth path, fuelled by solid AMISP faith and sharp operational focus. We’re not just keeping up; we’re setting the pace, with strategic investments in R&D and manufacturing driving strong gains in revenue and profitability.
“Our Q2 and H1 FY25 results underscore HPL's dedication to expanding our market reach and driving robust revenue growth, particularly in our Wires & Cables division. With an impressive 57.5 per cent growth in this segment, we’re strengthening our position in the B2C market,” said Mr. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power Ltd.
“Our network expansion to over 83,000 retailers and 900 authorized dealers across India is a testament to our commitment to deepening our market penetration and enhancing product accessibility nationwide. This extensive distribution reach, supported by targeted brand-building efforts, is key to our strategy of sustained growth, ensuring that our high-quality products are readily available to meet the needs of a growing customer base.”
The stock gave multibagger returns of 154 per cent returns in just 1 year and a whopping 1,155 per cent in last 5 years. This Small-Cap stock should be kept under the radar. The company is a Small-cap company having a market cap of Rs 3,404.07 crore
Disclaimer: The article is for informational purposes only and not investment advice.