Hitachi Energy India Ltd. announced strong Q2FY26 results, driven by resilient margins and strategic execution. Orders increased by 13.6%, revenue grew by 23.3%, and profit after tax (PAT) saw a four-fold increase year-over-year. The operational EBITDA margin stood at 15.2%, with an order backlog of INR 29,412.6 crore.
Financial Performance Highlights
Hitachi Energy India Ltd. reported a substantial increase in profitability and revenue for the quarter. Key highlights from the report include:
- Orders: Increased by 13.6% to INR 2,217.1 crore compared to INR 1,952.0 crore in Q2FY25.
- Revenue: Rose by 23.3% to INR 1,915.2 crore from INR 1,553.8 crore in the same period last year.
- Profit Before Tax (PBT): Jumped significantly to INR 352.9 crore, a 399.8% increase year-over-year.
- Profit After Tax (PAT): Increased fourfold to INR 264.4 crore.
- Operational EBITDA: Recorded at INR 291.6 crore, representing a 15.2% margin.
Order Details and Growth Sectors
The increase in orders was driven by gas-insulated switchgear (GIS) and air-insulated switchgear (AIS) stations, as well as locomotive transformers. Industries and renewables were significant contributors to the order book. Exports accounted for 30.4% of total orders. Significant export orders were received from utilities in Europe, data centers in Southeast Asia, and renewables projects in the Middle East and North America.
Service orders also experienced a 35% year-over-year growth, with key contributions from utilities and industries. This includes an air core reactor for a high voltage direct current (HVDC) project, GIS and AIS extensions, and the first EconiQ order in India.
Strategic Outlook
The company’s leadership emphasized the importance of enhancing the resilience, reliability, and intelligence of the energy ecosystem to integrate intermittent, distributed energy sources effectively. This strategic focus includes advanced grid technologies, digitalization, and integrated solutions.
Hitachi Energy remains optimistic about India’s growth potential, despite global trade uncertainties. The company highlighted India’s strong domestic demand, steady investments, and a resilient external sector as key drivers for a positive outlook.
Source: BSE