HPL Electric & Power Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 14, 2024 at 05:51 am
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HPL Electric & Power Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,655.7 million compared to INR 3,015.85 million a year ago. Revenue was INR 3,661.38 million compared to INR 3,021.39 million a year ago. Net income was INR 119.35 million compared to INR 63.61 million a year ago. Basic earnings per share from continuing operations was INR 1.86 compared to INR 0.99 a year ago. Diluted earnings per share from continuing operations was INR 1.86 compared to INR 0.99 a year ago.
For the nine months, sales was INR 10,367.65 million compared to INR 8,994.56 million a year ago. Revenue was INR 1,039,265.2 million compared to INR 9,017.12 million a year ago. Net income was INR 298.56 million compared to INR 189.27 million a year ago. Basic earnings per share from continuing operations was INR 4.64 compared to INR 2.94 a year ago. Diluted earnings per share from continuing operations was INR 4.64 compared to INR 2.94 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.