HPL Electric & Power Q3 Result 2024: Date and Time, Share Price and Target

News: HPL Electric & Power, a prominent player in the electrical equipment industry, recently released its Q3 financial results for the year 2024. In this article, we’ll delve into the key details, including the announcement date, share price movements, and future prospects.

1. Announcement Date and Time

The eagerly awaited Q3 results are scheduled to be announced on February 14, 2024. Investors, analysts, and stakeholders are keenly watching for insights into the company’s performance during this period.

2. Share Price Movement

HPL Electric & Power’s share price has been a topic of interest. As the results are unveiled, market participants will closely monitor how the stock reacts. Positive results may lead to an upward surge, while disappointing figures could impact the share price negatively.

3. Financial Performance

The Q3 results will reveal crucial financial metrics, such as revenue, profit, and operating margins. Investors will assess whether the company met or exceeded expectations. Any significant deviations from estimates could influence investor sentiment.

4. Target Outlook

Analysts often provide target prices based on their assessment of a company’s intrinsic value. These targets guide investors on whether to buy, hold, or sell the stock. HPL Electric & Power’s Q3 results may prompt analysts to revise their targets.

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1. A Multi-Product Marvel

HPL Electric & Power wears many hats. It’s not just about wires and switches; it’s a multi-product electric equipment manufacturer. Their diverse range includes:

• Metering Solutions: Smart meters that empower efficient energy management.
• Switchgears: Reliable components that keep electrical systems safe.
• LED Lighting: Energy-efficient illumination for homes and businesses.
• Wires & Cables: The unseen heroes connecting our world.
• Solar Solutions: Harnessing the power of the sun.
• Modular Switches: Sleek and smart designs for modern spaces.

2. Market Dominance

In fiscal 2015, HPL Electric & Power held the largest market share for electronic energy meters in India. Their extensive portfolio of meters made them a trusted choice. Additionally, they secured the fifth largest market share for LED lamps during the same period.

3. Recent Highlights

Let’s peek into their recent achievements:

• Q2 FY22 Growth: The ‘Metering’ and ‘Consumer’ (B2C) segments registered impressive YoY growth of 22% and 20%, respectively.
• Smart Meters Order: HPL bagged a substantial order worth Rs 178.9 crore for smart meters.
• Revenue Surge: In Q2 FY22, their revenue soared to ₹280 crores, reflecting a robust 23% YoY growth.

4. Looking Ahead

As HPL Electric & Power continues to innovate, investors eagerly await their Q3 results. Will the numbers continue to dazzle? Stay tuned!

As the clock ticks toward the announcement date, the financial world awaits HPL Electric & Power’s Q3 results. Whether you’re an investor, a market enthusiast, or simply curious, stay tuned for the latest updates on this dynamic company.

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