Hitachi Energy India Ltd. announced robust Q2FY26 results, marked by a 13.6% increase in orders and a 23.3% rise in revenue. Profit after tax (PAT) saw a four-fold increase year-over-year. The company’s solid operational EBITDA margin of 15.2% and a strong order backlog of INR 29,412.6 crore underscore its resilient performance and strategic agility in a growing market.
Key Financial Highlights
Hitachi Energy India Ltd. reported a significant surge in its financial performance for Q2FY26. Key highlights include:
- Orders: Increased by 13.6% to INR 2,217.1 crore.
- Revenue: Grew by 23.3% to INR 1,915.2 crore.
- Profit Before Tax (PBT): Substantially increased to INR 352.9 crore.
- Profit After Tax (PAT): Recorded a four-fold increase to INR 264.4 crore.
- Operational EBITDA: Stood at INR 291.6 crore, representing a margin of 15.2%.
Order Details
The company’s order book was bolstered by significant orders for gas-insulated switchgear (GIS) and air-insulated switchgear (AIS) stations, alongside locomotive transformers. Key sectors contributing to the order book were industries and renewables, followed by transmission and transport. Exports accounted for 30.4% of total orders, with contributions from European utilities, Southeast Asian data centers, and renewables projects in the Middle East and North America.
Management Commentary
N Venu, Managing Director & CEO, stated that India has successfully built up its non-fossil fuel energy installed base to 50 percent of its electricity generation capacity. He emphasized the need to enhance the resilience and intelligence of the energy ecosystem, which has shifted the focus to advanced grid technologies, digitalization, and integrated solutions.
Outlook and Strategy
Despite global trade uncertainties, India remains a fast-growing economy. The company’s strategy focuses on advanced grid technologies and integrated solutions to meet the evolving energy demands and support the country’s focus on clean energy. Recent renewable energy investments in India reached nearly INR 1 lakh crore, highlighting the nation’s commitment to sustainability.
Source: BSE
