Our newest buzz comes from HPL Electric & Power Ltd., that just dropped the hottest report of Q3FY24 & 9MFY24. This ain’t your grandma’s typical boring earnings update. HPL, a top-notch Indian electric gear maker, just flexed its muscle with some sizzlin’ numbers that’ll make your head spin!
First, let’s talk digits! HPL’s raked in a whopping ₹365.57 crore in revenue from operations this Q3FY24, marking an outrageous growth of 21.22% from the same period last year! Yeah, you heard that right – talk about makin’ money moves.
But wait, there’s more! Their EBITDA (that’s earnings before tax, fam) sky-rocketed to ₹49.71 crore, representing a jaw-dropping growth of 35.16% from last year. And check this – their EBITDA margin has improved by a thicc 140 basis points, standin’ at a cool 13.60% in Q3FY24. That’s right, makin’ that money and makin’ it count.
Now, let’s talk real business! HPL ain’t just about making bank, they’re also about making a real impact. Their Metering & Systems segment just cashed in with a fat ₹215.92 crore in revenue this quarter, showing off a breathtaking 28% year-over-year growth. And let’s not forget their Consumer & Industrial segment, snatching up ₹149.65 crore with a 13% growth. Switchgear and cables are on fire.
But wait, there’s more. HPL ain’t about just flashin’ numbers; they’re all about that sustainable growth. Their current order book’s stacked at an insane ₹2,400 crore.
Gautam Seth, HPL’s Joint Managing Director & CFO, dropped some wisdom on this milestone, “Yo, we’re killin’ it, y’all. This year’s a banger, with mad growth in our metering and consumer segments. And our order book is off the charts, thanks to our dope metering solutions. Big ups to our market fam for keepin’ it real and trusting us.”
