HPL Electric & Power advances on appointing Gautam Seth as CFO

10 Mar 2022 , 01:42 PM

Mr Seth is a qualified Chartered Accountant with over 25 years of experience in the electrical industry. He has been involved in the groups sales and marketing activities and spearheads its forays into new products and greenfield projects including their inception, implementation and growth. Currently he is designated as joint managing director of the company.

The net profit of HPL Electric & Power rose 10.25% to Rs 9.25 crore in the quarter ended December 2021 as against Rs 8.39 crore during the previous quarter ended December 2020. The sales rose 14.78% to Rs 280.04 crore in the quarter ended December 2021 as against Rs 243.99 crore during the previous quarter ended December 2020.

HPL Electric & Power is an established electric equipment manufacturing company, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.

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