Hitachi Energy India reported a remarkable fourfold year-on-year growth in profit for Q2 FY26, driven by strong order execution, operational efficiencies, and increased exports. The company’s order backlog reached a record high of INR 29,412.6 crore, providing strong revenue visibility. The company is focused on sustainable growth through expanding capabilities and leveraging opportunities in services, exports, and digital segments. India’s total installed electricity capacity surpassed 500 gigawatts.
Financial Performance Highlights
Hitachi Energy India showcased strong financial performance in the second quarter of FY26:
- Orders: Total orders secured reached INR 2,217 crore, up 13.6% year-on-year.
- Revenue: Stood at INR 1,915.2 crore, a 23.3% year-on-year increase.
- Profit Before Tax (PBT): Recorded a fourfold year-on-year growth of 399.8%.
- Profit After Tax (PAT): Also recorded a fourfold year-on-year growth of 405.6%.
- EBITDA: Operational EBITDA closed at INR 291.6 crores, representing 15.2%.
The company achieved its highest-ever order backlog of INR 29,412.6 crore, ensuring revenue visibility for the coming quarters.
Key Orders and Projects
Notable orders secured during the quarter include:
- Automation solutions for state transmission companies and HVDC connections.
- 220 kV air insulated switchgear for a 250 MW solar battery energy project in Bidar.
- 420 kV GIS and 220 kV power for solar projects.
- Wind projects with 400 kV AIS stations in Nanded.
- GIS stations for a green steel plant in Paradip and alumina plant expansion at Mahan.
Sustainability and ESG Initiatives
Hitachi Energy is committed to sustainability with the following ESG targets:
- Achieving more than 76% reduction in CO2 emissions in FY26.
- Achieving 69% reduction in waste disposed of in landfills or incinerated in FY25.
Growth Drivers and Future Outlook
The company is focused on:
- Maintaining high growth momentum and enhancing overall efficiency.
- Capitalizing on emerging opportunities in data centers and industries.
- Leveraging opportunities in service, export, and digital segments.
- Expanding capabilities for sustainable growth and energy transition.
Exports attained 59% year-on-year growth, with orders from utilities in Europe, data centers in Southeast Asia, and renewables in the Middle East and North America.
Source: BSE