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HPL Electric Reports Strong Growth in Smart Metering & Electrical Solutions

HPL Electric & Power Ltd. (NSE: HPLE) has reported robust financial results for Q3 FY25 and the nine-month period ending December 2024. The company recorded a 16.5% YoY revenue growth, driven by a 27.6% rise in smart meters, 24% in wires, and 21% in switchgears.

Profit after tax surged 51.42% YoY in Q3 FY25 and 89.59% for the nine-month period, reflecting strong execution and demand. With a solid order book and expansion in the smart metering sector, HPL continues to reinforce its leadership in India's electrical solutions market.