HPL Electric & Power Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price

Introduction

HPL Electric & Power Limited is an Indian major electrical equipment and energy solutions firm designing and manufacturing. It offers a broad portfolio, such as metering systems, switchgear, lighting, wires, and cables, to the service of various industries and for residential applications. With the emphasis on innovation and energy-efficient solutions, HPL has turned out to be a name that garrulously stands respectable in the electrical industry. Its high technology production facilities and comprehensive distribution system are committed to giving high quality output. HPL Electric & Power Ltd is devoted towards sustainable growth while offering new as well as cost-effective electrical products throughout India.

HPL Limited Moves In 2025

January - March 2025: HPL Limited concentrated on building up the position of the company in the smart metering and electrical equipment space. Early year reports indicated sustained revenue growth and development in smart metering orders, which were the key growth driver for the company. The management placed emphasis on partnerships and an expanding industrial and consumer base during this time.

April 2025: The firm made the announcement of the appointment of Mr. Ajit Sood as an Additional Independent Director with effect from April 13, 2025. This is a governance step as part of HPL's move to strengthen its board know-how.

May 2025: HPL Electric & Power Ltd announced its audited financial performance for FY2025, posting a strong revenue growth of 26% led primarily by the smart metering and wires & cables segments. The profitability improved significantly with PAT increasing by 115%. Furthermore, the company announced a healthy order book of over Rs.3,500 crore as on May 20, 2025.

June 2025: Q1 FY26 financials registered a mixed trend with a marginal fall in consolidated revenues over the previous quarter, but the company maintained growth momentum in consumer and industrial segments. Focus continued on improving operational efficiency and product mix.

July 2025: HPL announced a strategic transition and initiated plans to expand manufacturing and intensify automation in relay and switchgear products. The efforts of the company to pioneer India's smart metering revolution were underscored, with 99% of the metering order book retained in smart meters.

August 2025: HPL partnered with the Haryana Steelers kabaddi team for the third year running to amplify brand presence, particularly in Tier-2 and Tier-3 markets. This sponsorship was a deeper consumer connection with sports that was in line with the marketing strategy of the company.

September 2025: There were board meetings undertaken to approve and recommend quarterly financial results and dividend suggestions by the company. The share price of HPL appreciated significantly in the market during this time as investor confidence grew.

October 2025 (through early October): HPL Electric & Power reported the receipt of a revised order valued at Rs.92 crore by Energy Efficiency Services, confirming continuous demand for smart metering solutions by the company. Subsequent news disclosed the company's continuous order book strength and emphasis on expanding electrical equipment and smart metering production.

HPL Limited Share Price: Monthly Highlights for 2025

January 2025: The HPL share price began the year with fluctuations around Rs.490 to Rs.530. Throughout January, the HPL share price showed moderate volatility, closing generally close to Rs.500 by the month's end.

February to April 2025: During these months, HPL share price mostly ranged between Rs.460 and Rs.520, maintaining relative stability with some fluctuations but without major spikes or dips.

May 2025: May saw the HPL share price stabilizing near Rs.460, with moderate trading volumes as HPL share price hovered around this level through the month.

June to July 2025: The HPL share price showed strength, moving upwards and fluctuating mostly between Rs.550 and Rs.630. This period reflected positive investor sentiment with gains and a steady uptrend.

August 2025: August witnessed some volatility with HPL share price ranging from around Rs.460 to peaks near Rs.590. The HPL share price saw a notable dip mid-month but recovered toward the end of August.

September 2025: The HPL share price fluctuated between Rs.450 and Rs.480 in September, showing consolidation and a slight downward bias after the previous month’s highs.

October 2025 (early days): The HPL share price in early October hovered around Rs.450 to Rs.460, reflecting steady trading activity with minor volatility.

Overall, HPL share price in 2025 displayed phases of growth and correction, with key HPL share price bands spanning approximately Rs.450 to Rs.630 through the year. The HPL share price experienced moderate volatility but generally maintained a stable trend over the months

Evolution Of HPL Limited

1992

HPL Electric & Power Ltd was established, and so began its venture into electrical equipment.

2000

The company ventured into energy meters that marked its achievement as a significant player in the metering segment.

2008

HPL diversified and entered the switchgear, cable, and wires segment, which further strengthened its portfolio of products.

2016

The company went public, and its shares were listed on the stock exchange after an IPO.

2018

HPL focused on smart metering solutions, which brought in numerous government contracts as part of the "Make in India" initiative.

2020

The company expanded its manufacturing capacity and shifted its focus to energy-efficient solutions in line with global sustainability standards.

2022

HPL expanded its reach into international markets by exporting products to new regions and enhancing its global footprint

2024

It emerged as a leader in the smart metering sector with major orders and strong financial performance; share price at all-time high Rs. 694.00.

HPL Electric & Power Ltd has been an eternal evolution through diversification, innovation, and strategic expansion, thus becoming a leading name in the electrical equipment sector.

HPL Limited Company Information 

Inside HPL Limited

Feb 14, 2024: HPL Electric & Power Ltd. has issued the Q3FY24 as well as the nine months of FY24 financial results. The firm posted a sharp increase in the growth of its revenue and profit as it indicated strong market penetration.

May 15, 2024:

It reported its annual results for the year ended March 31, 2024. The revenues and profits have increased mainly due to high performance in the segment, Metering, Systems, and Services, and as the smart metering technology has advanced.

August 1, 2024:

HPL Electric has released its Q1FY25 result, wherein it witnessed a revenue growth of 22.5% and EBITDA increase by 40%. Its order book has crossed Rs. 3,700 crore with a very strong pipeline of future projects.

15 November 2024

The company reported 114.98% growth in profit after tax (PAT) for Q2FY25 and the first half of the fiscal year. Its order book, at Rs. 3,500 crore plus, remains strong, as of the first half of FY25, driven by demand in the metering segment.

HPL Share Price

Achievements & Milestones of HPL Limited

Stock: HPL share price picked up well by the middle of FY 2024, with solid investor confidence visible through its stock entering a high value compared with earlier market cycles.

Dividend Declaration: HPL Ltd declared a dividend, which confirms a stable financial standing and dedication toward value addition to shareholders.

HPL Stock Price Consistency: To date, within the 52-week range in January 2025, the stock price for HPL Limited has continued strong.

Conclusion

HPL Electric & Power Limited is an epitome of innovation and growth in India's electrical industry. With a rich history, notable milestones, and strong market performance, it continues to expand its footprint. Backed by subsidiaries and cutting-edge products, HPL remains a trusted name, delivering value to stakeholders while shaping the future of power solutions.

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Frequently Asked Questions

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