HPL Electric & Power Limited announced its financial results for the third quarter and nine months ended December 31, 2025, reporting a strong operating performance. Consolidated revenue from operations grew by 20.75% year-on-year to ₹473.92 crore in Q3 FY26, with revenue for the nine-month period reaching ₹1,291.4 crore. EBITDA saw a significant increase of 28.76% year-on-year, reaching ₹71.73 crore in Q3 FY26, while EBITDA margin expanded by 94 basis points to 15.14%. For the nine-month period, EBITDA increased by 13.5% year-on-year to ₹195.6 crore. Profit After Tax (PAT) grew by 7.87% year-on-year to ₹19.51 crore in Q3 FY26, and for the nine-month period, PAT rose by 6.4% year-on-year to ₹60.4 crore. Earnings Per Share (EPS) was ₹3.02 in Q3 FY26. The Metering, Systems & Services segment reported revenue of ₹287.5 crore in Q3 FY26, with a 25% sequential growth from Q2 FY26. The company maintains a smart meter order book exceeding ₹3,100 crore. The Consumer & Industrial (C&I) segment demonstrated robust growth, with revenue increasing by 39% year-on-year to ₹186.4 crore in Q3 FY26, driven by strong performance in switchgear, wires & cables, and lighting. Management expects the C&I portfolio to sustain strong growth, supported by channel expansion and product upgrades. HPL has also ventured into Smart Water Meters with the launch of ‘Neeram Pulse’. The company plans to continue investing in R&D and product engineering, focusing on profitable growth and disciplined capital allocation.