HPL / language trends

Read confidence between the lines.

HPL Electric & Power · tone and specificity signals across the available quarters.

Research layer active

Language signals

What changed in management language.

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.

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Q3-FY26 · Gautam Seth

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.

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Q3-FY26 · Gautam Seth

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.

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Q4-FY26 · Gotham S

Revenue crossed 1,800 crores and Q4 revenue crossed 500 crores for the first time.

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Q4-FY26 · Gotham S

HPL electric is now visibly a two engine electrical equipment and solutions company.

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Q4-FY26 · Gotham S

Our order book continues to provide visibility with metering accounting for more than 97% of the order book of over rupees 3,200 crores.

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