Q3-FY26 · Gautam Seth
We now have two scalable businesses which are smart metering and the consumer and industrial and both are meaningfully growing with meaningful drivers of growth.
HPL Electric & Power · tone and specificity signals across the available quarters.
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We now have two scalable businesses which are smart metering and the consumer and industrial and both are meaningfully growing with meaningful drivers of growth.
I think the industry is on track to maybe in the next maybe instead of three it may take four years or 5 years or whatever but I think all the meters and many more beyond this will get implemented.
If you compare one-on-one on the technology, I think India is far above and now with the smart meter in place and probably I would say one of the biggest rollout of smart meters in the world.
Revenue crossed 1,800 crores and Q4 revenue crossed 500 crores for the first time.
HPL electric is now visibly a two engine electrical equipment and solutions company.
Our order book continues to provide visibility with metering accounting for more than 97% of the order book of over rupees 3,200 crores.