HPL India registers 34% year-on-year growth, reports revenue of ₹129 crore
HPL Electric and Power Ltd on Thursday reported ₹129 crores in Q1 of 2021-22 fiscal year. It also said the revenue of the company grew 34% year on year. The company said that its metering business registered a strong growth of 40% year on year to ₹ 49.4 crore. It, however, highlighted that the performance of its metering business was impacted due to the coronavirus disease (Covid-19) related lockdown and restrictions.
The company reported growth in its consumer segment by 31% year on year to ₹ 80 crore in Q1 FY22. HPL Electric and Power switchgear segment revenue grew by ₹ 23.7 crore in Q1 FY22.
