HPL Electric & Power Announces Q1 2026 Results; Reappoints Cost and Internal Auditors
HPL Electric & Power Limited announced its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The Board of Directors considered and approved these results in a meeting held on August 10, 2026. Furthermore, the company concluded the appointment of key external auditing firms for the upcoming fiscal year.The board meeting also included decisions regarding the re-appointment of specialized audit services to support internal controls and costing functions.
Audit Reappointments
For the Financial Year 2026-27, the Board approved the re-appointment of two key specialized firms: M/s. M.K. Singhal & Co., Cost Accountants, as the Cost Auditor, and PricewaterhouseCoopers Services LLP (PwC) as the Internal Auditor.M/s. M.K. Singhal & Co. specializes in Financing, Taxation and costing and Pricing Assignments, while PwC provides assurance, advisory, and tax services across its operations.
Standalone Quarterly Performance Highlights
HPL Electric & Power Limited reported various operational and financial metrics for the quarter ended June 30, 2026. The unaudited standalone results reveal key performance indicators across revenue and profitability.Key figures from the Unaudited Standalone Financial Results are presented in Lakhs of Rupees:
| Metric | Q Ended June 30, 2026 | Q Ended March 31, 2026 (Audited) | Q Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Total Income | 51,351.14 | 5,130,887 | 39,806.79 | 186,218.41 |
| Total Expenses | 48,986.51 | 47,450.07 | 37,532.54 | 174,510.07 |
| Net Profit for the Period | 179,133 | 2,868.71 | 1,694.45 | 830,616 |
Segmental Financial Results (Standalone)
The company’s operations are segmented into Metering, Systems & Services and Consumer, Industrial & Services. The segment performance metrics for the quarter ending June 30, 2026, are summarized below:| Segment | Revenue from Operations (Rs in lakhs) | Profit after Tax (Rs in lakhs) | Total Assets (Rs in lakhs) |
|---|---|---|---|
| Metering, Systems & Services | 23,527.41 | 1,791.33 | 1,39,693.33 |
| Consumer, Industrial & Services | 27,758.80 | 2,331.15 | 89,392.06 |
Consolidated Financial Performance
The consolidated results reflect the performance of the Holding Company and its subsidiary, Himachal Energy Private Limited, for the quarter ending June 30, 2026.Consolidated figures from the unaudited results are:
- Total Income: 51,739.50 Lakhs (compared to 52,164.88 in Q ended March 31, 2026).
- Total Expenses: 19,233.00 Lakhs.
- Net Profit for the Period: 188,333 Lakhs.
The consolidated segment revenue figures are as follows:
| Segment | Metering, Systems & Services (Rs in lakhs) | Consumer, Industrial & Services (Rs in lakhs) | Total (Rs in lakhs) |
|---|---|---|---|
| Revenue | 23,765.47 | 27,758.80 | 51,524.27 |
| Profit after Tax | 3,369.41 | 2,331.15 | 5,700.56 |
The consolidated entity recorded Total Assets of 2,40,289.49 Lakhs as of June 30, 2026, and Total Liabilities amounting to 1,38,152.73 Lakhs.
HPL Stock Price Movement
HPL Electric & Power Limited shares slipped today by 0.38% to settle at ₹339.5, closing lower from its previous close of ₹342.1. The stock saw a volume of 105,895 shares traded and finished near the intraday low of ₹336.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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