HPL Electric & Power has received order of Rs 2100.71 crore from the company`s regular leading customer for the supply of smart meters. Powered by Capital Market - Live News

HPL Electric & Power has signed a Memorandum of Understanding (MOU) with Guangxi Ramway Technology Co., China for local manufacturing under phased manufacturing/ technical tie-up/ procurement for the assembly of Relay/Latching Relays in India. Powered by Capital Market - Live News

Net profit of HPL Electric & Power rose 21.87% to Rs 13.71 crore in the quarter ended March 2024 as against Rs 11.25 crore during the previous quarter ended March 2023. Sales rose 16.91% to Rs 424.09 crore in the quarter ended March 2024 as against Rs 362.75 crore during the previous quarter ended March 2023.For the full year,net profit rose 44.33% to Rs 43.56 crore in the year ended March 2024 as against Rs 30.18 crore during the previous year ended March 2023. Sales rose 15.74% to Rs 1460.86 crore in the year ended March 2024 as against Rs 1262.21 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales424.09362.75 17 1460.861262.21 16 OPM %13.0212.29 -13.1512.43 - PBDT32.9725.85 28 106.7585.05 26 PBT21.4017.49 22 68.1046.69 46 NP13.7111.25 22 43.5630.18 44 Powered by Capital Market - Live News

HPL Electric & Power announced that the Board of Directors of the Company at its meeting held on 15 May 2024, has recommended a Final dividend of Rs.1 per share (i.e.10%), subject to the approval of the shareholders.Powered by Capital Market - Live News

HPL Electric & Power will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News