Hitachi Energy India announced strong results for Q2 FY26, demonstrating robust growth in orders and revenue. The company reported significant year-over-year increases in profit before tax (PBT) and profit after tax (PAT). Key orders in the transmission, renewables, and industries sectors contributed to the positive performance, supported by strategic initiatives focused on sustainability and operational efficiency. The company’s largest-ever order backlog provides strong revenue visibility.
Financial Performance Highlights
Hitachi Energy India reported a notable increase in orders for Q2 FY26, reaching ₹2,217.1 crore, a 13.6% increase year-over-year. Revenue also saw substantial growth, climbing to ₹1,915.2 crore, a 23.3% increase compared to the previous year. Profitability improved significantly, with PBT at ₹352.9 crore and PAT at ₹264.4 crore, reflecting increases of 399.8% and 405.6%, respectively.
Key Order Wins
The company secured significant orders across multiple sectors, including:
- Transmission: Automation solutions for state transmission companies and HVDC connections.
- Renewable, Solar: 220kV AIS Station for a 250MW Solar-BESS Project at Bidar.
- Renewables, Wind: Orders for 400kV AIS Stations at Nanded and Attapadi.
- Industries: Orders for 400/33kV GIS Station for Green Steel Plant at Paradip.
- Rail: Locomotive transformers for Indian Railways and EMU Transformers for Vande Bharat.
Segment Performance and Strategy
The company saw a significant increase in revenues from the Renewables (Wind & Solar) segment at 40%. The railway and metro segments also showed notable growth at 61%. The focus remains on strengthening leadership in core segments such as Renewables, Utilities, HVDC, Industries, and Infrastructure.
Strategic Priorities
Hitachi Energy India’s strategic priorities for FY26 include:
- Maintaining leadership in core market segments.
- Harnessing new segments, such as data centers.
- Strengthening the focus on exports, service, and digital solutions.
- Reinforcing a culture of safety.
- Focusing on capacity expansions.
Sustainability Initiatives
The company is committed to environmental and social responsibility, reflected in its ESG targets:
- Aiming for a 50% reduction in CO2 emissions by 2030 and has achieved a 76% reduction in FY25.
- Targeting 100% renewable electricity in operations, already achieved in FY25.
- Increasing female diversity within the company’s ecosystem. The goal for 2030 is between 16-18% and is currently at 11%.
Order Backlog
Hitachi Energy India boasts its highest-ever order backlog of ₹29,412.6 crore, providing substantial revenue visibility for the coming quarters.
Source: BSE
