Q1 2025 HPL Electric & Power Ltd Earnings Call Transcript
Key Points
- Revenue from operations for Q1 FY25 reached INR393 crore, representing a 22.5% increase from INR320 crore in Q1 last year.
- Smart metering segment saw a 35% growth in revenue to INR238 crore, driving overall topline growth.
- EBITDA increased by 40% from INR40 crore to INR56.13 crore, with EBITDA margin expanding by 180 basis points to 14.29%.
- Profit before tax doubled, growing by 113% to INR23 crore, and profit after tax surged by 145% to INR17 crore.
- Current order book is over INR3,700 crore, with 95% of it coming from the metering segment, ensuring continued revenue visibility.
- Debt equity ratio is around 0.76, indicating a relatively high level of leverage.
- The consumer and industrial product business does not normally have a large order book, leading to less revenue visibility in this segment.
- Lighting segment experienced 18 months of price erosion, impacting overall revenue from this segment.
- Execution of smart meter orders can take up to 24-27 months, potentially delaying revenue realization.
- Dependence on imported components like ICs and electronic parts, which could be affected by geopolitical situations and supply chain disruptions.
Ladies and gentlemen, good morning. Welcome to HPL Electric & Power Limited Q1 FY25 earnings conference call hosted by JM Financial and produced by Dickenson. (Operator Instructions)
Please note that this conference is being recorded and that some statements in this call may be forward-looking based on current expectations and subject to risks that could cause results to differ materially. You can download HBO's investor presentation and press release from the downloads box on the bottom right-hand of the page.
I now hand the conference over to Mr. Nikhil Kandoi from JM Financial. Thank you. Over to you, Nikhil.
Thank, you Sanjana. Good afternoon, everyone. On behalf of JM Financial Securities Limited, I welcome you all to HPL Electric & Power Limited Q1 FY25 earnings conference call. Today, we have with us senior management presented by Mr. Gautam Seth, Joint Managing Director and CFO. We will begin the call with a brief overview by the management, followed by Q&A session.
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