Hitachi Energy India Limited announced robust performance for Q4 FY26, with significant year-on-year growth in orders and revenue. The company highlighted a strong order backlog of ₹29,555 crores, ensuring revenue visibility. Strategic investments include a ₹2,000 crore expansion for a greenfield large power transformer facility. The company is focused on sustaining growth momentum and improving operational efficiency across its diverse business segments.
Hitachi Energy India Limited Reports Strong Q4 FY26 Results
Hitachi Energy India Limited has reported a strong performance for the fourth quarter and full year ended March 31, 2026. The company achieved robust growth momentum, driven by consistent execution and a resilient business model. A key highlight for the period is a record order backlog of ₹29,555 crores as of March 31, 2026, which provides strong revenue visibility for upcoming quarters.
Financial Performance Highlights
In Q4 FY26, the company recorded orders of ₹2,422.5 Crores and revenue of ₹2,754.1 Crores, marking a year-on-year growth of 10.6% and 46.2%, respectively. Profit before tax (PBT) stood at ₹443.4 Crores, with a PBT margin of 16.1%, and profit after tax (PAT) was ₹330.5 Crores. Operational EBITDA for the quarter was ₹452.3 Crores, a 16.4% increase.
For the full year FY26, orders reached ₹18,456.5 Crores (1.6% growth), and revenues grew by 27.6% to ₹8,147.7 Crores. PBT saw substantial growth of 166.3% to ₹1,375.2 Crores, and PAT grew by 157.3% to ₹987.8 Crores. The EBITDA margin for the year was 15.4%, and operating cash flow was ₹1,746.3 Crores.
Strategic Investments and Growth Drivers
The company announced a strategic investment of an additional ₹2,000 Crores approved by the Board. This investment includes the establishment of a new greenfield large power transformer facility in Karjan, Vadodara, Gujarat, expected to be operational by the end of 2028. This expansion will significantly enhance manufacturing capabilities and is aimed at meeting the strong demand outlook, particularly from the renewable, data center, and grid infrastructure sectors.
Hitachi Energy India is well-positioned to capitalize on structural transformations in the energy landscape, driven by energy security, policy support, localization, and accelerating electrification. Key growth drivers include strong demand in renewable energy, transmission and grid infrastructure, industrial capex cycles, and rising data center investments.
Commitment to Sustainability and Safety
Sustainability remains central to Hitachi Energy’s strategy, with a focus on decarbonizing operations. The company achieved 100% renewable energy in its operations and surpassed its water reduction targets. Safety is emphasized as a license to operate, with zero fatalities reported during the financial year and extensive safety inspections conducted. The company’s ESG rating from Crisil improved to 61, and NSE rating increased to 62.
Future Outlook
Hitachi Energy India is focused on two clear priorities: sustaining growth momentum and improving efficiency. The company is expanding its presence in high-growth areas like energy storage and sharpening its strategy for services, exports, and digital innovation. The company expressed excitement about the role it plays in the ongoing electrification across transport, industry, data centers, and energy storage sectors.
Investor Call Insights
During the analyst conference call, management discussed the export strategy, which involves allocated markets, global feeder factories, and component manufacturing in India. The company highlighted its leadership in HVDC technology and its capacity to take on more projects. The focus on the domestic market remains strong, with efforts to increase capacity and meet rising demand, especially in the data center segment. The company also addressed its approach to commodity price fluctuations through price variation clauses in contracts.
Source: BSE
