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Note: These are AI-generated, educational summaries of public NSE
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22 announcements match the current filters (relevance ≥ 5).
₹5,096.5 Cr Order Inflow in Q1 FY27; Order Backlog Reaches Record ₹32,222.1 Cr
Hitachi Energy India reported a strong start to FY27 with order inflows of ₹5,096.5 Cr, representing a 26.1% YoY growth on a comparable basis (excluding last year's large HVDC order). The total order backlog has reached a record ₹32,222.1 Cr, which is approximately 6.2x the company's net worth of ₹5,176 Cr, providing high revenue visibility. Management confirmed that 60-65% of orders have commodity price pass-through clauses, protecting margins. The company also commenced construction of its 20th manufacturing facility in Karjan, Vadodara, in June 2026 to support the energy transition demand.
Confidence: HIGH
What changedThe company has reached a record order backlog and initiated its 20th manufacturing site, signaling a significant scale-up in capacity and market demand capture.
Why it mattersThe massive backlog ensures multi-year revenue visibility, while the high proportion of pass-through contracts and the new facility in Vadodara strengthen the company's margin profile and domestic manufacturing leadership.
Order Inflow (Q1 FY27): ₹5,096.5 CrOrder Backlog: ₹32,222.1 CrBacklog vs Net Worth: 6.22xPass-through Contracts: 60-65%Freshwater Usage Reduction: 16%
📅 Short termThe stock may see positive sentiment driven by the record backlog and strong order momentum in non-HVDC segments like Renewables and Data Centers.
📈 Long termStructural growth is supported by India's energy transition and a 15 GW data center target by 2030; the record backlog provides a solid foundation for multi-year revenue growth.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Slower execution in Railway and Metro projects
- Geopolitical challenges affecting supply chains
- Semiconductor supply bottlenecks
Key Highlights
Secured orders worth ₹5,096.5 Cr during Q1 FY27, with comparable growth of 26.1% YoY.
Order backlog reached a record high of ₹32,222.1 Cr as of June 30, 2026.
Commenced construction of the 20th manufacturing facility in Karjan, Vadodara, in June 2026.
Approximately 60-65% of the order book is protected by commodity price pass-through mechanisms.
Gender diversity in the workforce increased from 5.8% to over 10%.
👀 What to Watch
Investors should monitor the execution timeline of the massive ₹32,222.1 Cr backlog and the operationalization of the new Karjan facility. Key indicators to watch include the recovery of the Railway and Metro segments, which management noted are currently progressing slower than expected.
123.5% PAT Growth and Record ₹32,222 Cr Order Backlog in Q1 FY27
Hitachi Energy India reported a strong Q1 FY27 with revenue growing 68.6% YoY to ₹2,493.7 crore. Profitability surged significantly, with PAT increasing 123.5% YoY to ₹294.2 crore, supported by a 16.0% operational EBITDA margin. The company achieved its highest-ever order backlog of ₹32,222.1 crore, providing nearly 4 years of revenue visibility based on FY26 sales. Exports remained a key driver, contributing 33.6% of non-HVDC orders during the quarter.
Confidence: HIGH
What changedThe company delivered a massive YoY jump in both top-line and bottom-line for Q1 FY27 while hitting a record order backlog and improving margins.
Why it mattersHigh revenue visibility (nearly 4x annual revenue) and margin expansion indicate strong demand in the power grid and energy transition sectors, particularly in exports and renewables.
Q1 FY27 Revenue: ₹2,493.7 crQ1 FY27 PAT: ₹294.2 crOrder Backlog: ₹32,222.1 crOrder Backlog vs FY26 Revenue: ~395%Operational EBITDA Margin: 16.0%
📅 Short termPositive reaction expected due to the significant earnings beat and record order book providing strong forward visibility.
📈 Long termStructural growth driven by energy transition, data centers, and renewables; the massive order book secures long-term revenue growth.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geopolitical tensions affecting global energy transition pace
- Semiconductor supply bottlenecks
Key Highlights
Revenue from operations grew 68.6% YoY to ₹2,493.7 crore in Q1 FY27.
Profit After Tax (PAT) jumped 123.5% YoY to ₹294.2 crore.
Order backlog reached a record high of ₹32,222.1 crore, up from ₹29,412.6 crore in the previous quarter.
Operational EBITDA margin improved to 16.0% (₹399.9 crore) from 10.4% in the previous year.
Export orders accounted for 33.6% of total non-HVDC orders booked during the quarter.
👀 What to Watch
Monitor the execution pace of the massive ₹32,222 crore order book and the sustainability of the 16% EBITDA margin, which is significantly higher than historical levels.
123.5% PAT Growth: Hitachi Energy Reports Record ₹32,222 Cr Order Backlog in Q1FY27
Hitachi Energy India delivered a stellar Q1FY27 with revenue rising 68.6% YoY to ₹2,493.7 crore, driven by robust execution across all business segments. Profitability surged significantly, with PAT jumping 123.5% YoY to ₹294.2 crore and operational EBITDA margins expanding to 16.0%. The company achieved its highest-ever order backlog of ₹32,222.1 crore, which is approximately 3.95x its FY26 annual revenue, providing multi-year visibility. Exports remained a strong contributor, accounting for 33.6% of the quarterly order intake (excluding HVDC).
Confidence: HIGH
What changedThe company has achieved a significant step-up in both execution scale (68.6% revenue growth) and profitability (16% EBITDA margin) compared to the previous year.
Why it mattersThe record order backlog, nearly four times the annual revenue, provides high structural visibility. The shift toward high-margin exports and services is fundamentally improving the company's return profile.
Revenue (Q1FY27): ₹2,493.7 crPAT (Q1FY27): ₹294.2 crOrder Backlog: ₹32,222.1 crEBITDA Margin: 16.0%Backlog vs FY26 Revenue: ~395%
📅 Short termThe stock is likely to react positively to the substantial growth in PAT and the record-high order backlog, reflecting strong operational momentum.
📈 Long termThe company is structurally positioned to benefit from India's 900 GW non-fossil fuel target by FY36 and the rising demand from AI data centers and smart grids.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geopolitical tensions impacting global energy transition pace
- Potential semiconductor supply bottlenecks
- Fluctuating freight costs
Key Highlights
Revenue from operations grew 68.6% YoY to ₹2,493.7 crore in Q1FY27.
Profit After Tax (PAT) increased by 123.5% YoY to ₹294.2 crore.
Order backlog reached a record high of ₹32,222.1 crore as of June 30, 2026.
Operational EBITDA margin improved to 16.0% (₹399.9 crore) from 11.9% in the previous year.
Exports contributed 33.6% to the total orders booked during the quarter (excluding HVDC).
👀 What to Watch
Monitor the execution timeline of the massive ₹32,222 crore order book and the progress of the ₹1,513.28 crore capacity expansion funded by the recent QIP. Watch for the sustainability of the 16% EBITDA margin in upcoming quarters.
₹32,222 Cr Order Backlog and ₹2,000 Cr New Capex Announced by Hitachi Energy India
Hitachi Energy India reported a robust Q1 FY27 with revenue growing 68.6% YoY to ₹2,493.7 Cr and PAT surging 123.5% to ₹294.2 Cr. The company announced an additional ₹2,000 Cr capex for a large power transformer factory in Karjan, bringing the total planned investment to ₹4,000 Cr. The order backlog reached a record ₹32,222.1 Cr, providing high revenue visibility for the coming years. Operational EBITDA margins also saw a significant expansion to 16.0% from 11.5% in the year-ago period.
Confidence: HIGH
What changedThe company has committed to a massive ₹2,000 Cr capacity expansion (totaling ₹4,000 Cr) and reported a significant jump in profitability and order book size.
Why it mattersThe expansion signals long-term demand confidence in the energy transition sector, while the record backlog and margin expansion suggest improving operational efficiency and market positioning.
Order Backlog: ₹32,222.1 CrQ1 Revenue: ₹2,493.7 CrAdditional Capex: ₹2,000 CrPAT Growth (YoY): 123.5%Op EBITDA Margin: 16.0%
📅 Short termThe stock is likely to react positively to the strong margin expansion and the clarity provided on the massive order backlog and expansion plans.
📈 Long termStructural growth is supported by India's energy transition, data center demand, and export opportunities, with the Karjan factory adding significant capacity by late 2028.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Project execution delays
- Semiconductor supply bottlenecks
- Raw material price volatility
Key Highlights
Order backlog reached ₹32,222.1 Cr as of June 30, 2026, providing nearly 4x revenue visibility based on current run rates.
Announced ₹2,000 Cr additional investment for Karjan transformer factory, targeting completion by December 2028.
Revenue for Q1 FY27 increased by 68.6% YoY to ₹2,493.7 Cr, driven by strong execution.
Operational EBITDA margin expanded by 450 bps YoY to reach 16.0%.
Secured first Battery Energy Storage (BESS) project of 165 MW/330 MWh in Andhra Pradesh.
👀 What to Watch
Monitor the execution timeline of the Karjan factory expansion and the quarterly conversion rate of the massive ₹32,222 Cr order backlog into revenue.
123.5% PAT Growth: Hitachi Energy Reports Record ₹32,222 Cr Order Backlog in Q1 FY27
Hitachi Energy India (POWERINDIA) delivered a robust Q1 FY27 performance with revenue growing 68.6% YoY to ₹2,493.7 crore. Profitability saw a massive surge, with Profit After Tax (PAT) rising 123.5% YoY to ₹294.2 crore, driven by operational efficiencies and a favorable product mix. The company achieved its highest-ever order backlog of ₹32,222.1 crore, which is approximately 3.9x its FY26 annual revenue, providing exceptional long-term visibility. Operational EBITDA margins reached a strong 16.0%, reflecting the company's successful 'double-digit EBIT margin' strategy.
Confidence: HIGH
What changedHitachi Energy reported a significant acceleration in both revenue and profit growth for Q1 FY27 compared to the previous year, alongside reaching a record-breaking order backlog.
Why it mattersThe results demonstrate strong execution capabilities and high demand in the power grid sector. The record order backlog (nearly 4x annual revenue) structurally de-risks future growth, while the 16% EBITDA margin shows significant pricing power and operational efficiency.
Revenue (Q1 FY27): ₹2,493.7 crPAT (Q1 FY27): ₹294.2 crOrder Backlog: ₹32,222.1 crOrder Backlog vs FY26 Revenue: 395.5%Operational EBITDA Margin: 16.0%YoY PAT Growth: 123.5%
📅 Short termThe stock is likely to react positively to the substantial beat in profit growth and the record order backlog, which reinforces the growth narrative.
📈 Long termThe company is well-positioned to benefit from India's target of 900 GW non-fossil fuel capacity by 2036. The record backlog and ongoing capacity expansion suggest a strong multi-year growth trajectory.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geopolitical tensions potentially hindering energy transition pace
- Semiconductor supply bottlenecks
- Fluctuating freight costs
Key Highlights
Revenue from operations grew 68.6% YoY to ₹2,493.7 crore in Q1 FY27.
Profit After Tax (PAT) increased by 123.5% YoY to ₹294.2 crore from ₹131.6 crore in Q1 FY26.
Order backlog reached a record high of ₹32,222.1 crore, ensuring multi-year revenue visibility.
Operational EBITDA margin stood at 16.0% for the quarter.
Export orders contributed 33.6% to the total orders booked during the quarter (excluding HVDC).
👀 What to Watch
Investors should monitor the execution timeline of the massive ₹32,222 crore order book and the utilization of the ₹1,513.28 crore QIP funds for capacity expansion. Key focus areas include the company's ability to maintain 16% margins amidst potential semiconductor supply bottlenecks and geopolitical risks mentioned in the outlook.
₹8.00 Dividend and AGM Notice: Hitachi Energy India to hold 7th AGM on August 28, 2026
Hitachi Energy India Limited has scheduled its 7th Annual General Meeting (AGM) for August 28, 2026. The board has recommended a final dividend of ₹8.00 per equity share (400% of face value) for FY26, with a record date of August 21, 2026. A key special resolution involves the company's participation in the global Hitachi Group Employee Stock Purchase Plan (ESPP), with financial assistance capped at 5% of paid-up share capital and free reserves. Additionally, the company seeks to ratify ₹24 lakh in remuneration for cost auditors for FY27.
Confidence: HIGH
What changedThe company has formalized the schedule for its 7th AGM and confirmed the record date for its previously recommended ₹8.00 dividend.
Why it mattersThis is a routine but necessary administrative event that confirms the timing of cash outflows for dividends and seeks approval for employee incentive schemes aligned with the global parent company.
Dividend per share: ₹8.00Dividend % of Face Value: 400%ESPP Financial Assistance Cap: 5% of capital/reservesCost Auditor Remuneration: ₹24,00,000Record Date: August 21, 2026
📅 Short termThe stock price may reflect the dividend yield as the record date of August 21 approaches; otherwise, the impact is administrative.
📈 Long termLimited structural significance; the ESPP and RSU plans are standard tools for aligning local management with the global parent's performance.
⚠ Risk flags
- Financial assistance for employee stock plans represents a cash outflow, though capped at 5% of capital/reserves
Key Highlights
Final dividend of ₹8.00 per equity share of face value ₹2.00 recommended for FY26
AGM scheduled for August 28, 2026, with e-voting from August 24 to August 27
Record date for dividend eligibility and e-voting cut-off set for August 21, 2026
Proposed financial assistance for ESPP capped at 5% of aggregate paid-up share capital and free reserves
Proposed remuneration of ₹24,00,000 per annum for Cost Auditors for FY27
👀 What to Watch
Investors should note the record date of August 21, 2026, for dividend eligibility and monitor the voting results of the special resolution regarding the ESPP/RSU plans.
Hitachi Energy to Invest INR 2,000 Crore in New Large Power Transformer Factory in Vadodara
Hitachi Energy India Limited has announced a major investment of approximately INR 2,000 crore to establish a new Large Power Transformer (LPT) factory in Karjan, Vadodara. Scheduled for completion by FY28, this facility aims to meet the rising demand for grid infrastructure, AI data centers, and industrial electrification. The investment aligns with India's projected requirement of INR 7.93 lakh crore in transmission infrastructure by 2035. This expansion is expected to create over 1,000 jobs and significantly bolster the company's local manufacturing footprint.
Key Highlights
Investment of approximately INR 2,000 crore for a new Large Power Transformer (LPT) factory in Vadodara.
The project is scheduled for completion in FY28 and will manufacture high-volume mission-critical grid equipment.
Expected to create more than 1,000 direct and indirect jobs, supporting local economic development.
The factory will be a LEED-certified, fully digital facility integrating smart manufacturing technologies.
Addresses a massive market opportunity as India requires INR 7.93 lakh crore in transmission investments by 2035.
👀 What to Watch
Investors should view this as a strong long-term growth signal, positioning the company to benefit from India's massive energy transition and grid modernization. Monitor the project's execution milestones and its impact on the order book over the next few fiscal years.
Hitachi Energy India Q4 FY26: PAT Surges 157% YoY with Record Rs 29,555 Cr Order Backlog
Hitachi Energy India reported a stellar performance for FY26, with annual revenue growing 27.6% to Rs 8,147.7 crores and PAT jumping 157.3% to Rs 987.8 crores. The company achieved a record order backlog of Rs 29,555.3 crores, providing strong revenue visibility for several quarters. Operational efficiency improved significantly, with EBITDA margins reaching 15.4% and strong operating cash flow of Rs 1,746.3 crores. Management highlighted the successful commissioning of the Mumbai city infeed project and a positive outlook driven by energy transition and data center demand.
Key Highlights
Full-year PAT rose 157.3% YoY to Rs 987.8 crores, while Q4 revenue grew 46.2% to Rs 2,754.1 crores.
Order backlog reached a record high of Rs 29,555.3 crores as of March 31, 2026, a 53.6% YoY increase.
Annual EBITDA margin stood at 15.4% with a strong operating cash flow of Rs 1,746.3 crores.
Successfully commissioned India's first 1,000 MW VSC-based city infeed project in Mumbai.
Achieved 100% renewable energy in operations and improved ESG ratings from Crisil (61) and NSE (62).
👀 What to Watch
Investors should consider the massive order backlog and significant margin expansion as strong indicators of sustained growth. The company's leadership in high-tech grid infrastructure positions it as a primary beneficiary of India's energy transition and data center boom.
Hitachi Energy India Unveils 'Powering India’s Next 25' Strategic Investor Presentation
Hitachi Energy India Limited has released its Investor Day 2026 presentation, titled 'Powering India’s Next 25,' following its analyst event on May 26, 2026. The presentation outlines the company's long-term vision and strategic alignment with India's energy transition goals over the next two and a half decades. While the filing itself is a notification, the underlying presentation provides critical insights into the company's future growth trajectory and market positioning. Investors are encouraged to access the document on the company's website for detailed operational and financial outlooks.
Key Highlights
Hitachi Energy India held its Investor Day 2026 on May 26 to discuss long-term strategy.
The theme 'Powering India’s Next 25' focuses on sustainable energy and grid infrastructure development.
Presentation material is now available for public review on the company's investor relations portal.
The filing follows a prior notification to exchanges regarding the analyst meet dated May 15, 2026.
👀 What to Watch
Review the full presentation on the company's website to identify specific revenue targets and sector-wise growth projections. Monitor for management commentary regarding margin sustainability and order book execution.
Hitachi Energy India to Invest ₹2,000 Cr in New Facility; Declares ₹8 Dividend
Hitachi Energy India (POWERINDIA) has announced a major ₹2,000 crore investment to set up a greenfield large power transformers facility in Gujarat, bringing its total planned capex to ₹4,000 crore. Alongside this growth move, the board recommended a final dividend of ₹8 per share (400%) for FY26. The company reported Q4 FY26 revenue of ₹2,754.05 crore with an unmodified auditor's opinion. The record date for the dividend is set for August 21, 2026.
Key Highlights
₹2,000 crore fresh investment for a greenfield transformer facility in Karjan, Gujarat
Total cumulative capital expenditure increased to ₹4,000 crore
Final dividend of ₹8 per equity share (400% of face value) recommended
Q4 FY26 revenue from operations reached ₹2,754.05 crore
Record date for dividend eligibility is August 21, 2026
👀 What to Watch
The aggressive expansion plan positions the company well for India's energy transition; long-term investors should remain positive on the stock. Monitor the execution of the Karjan facility as it will significantly boost future capacity.
Hitachi Energy India to Consider Q4 FY26 Results and Dividend on May 25, 2026
Hitachi Energy India Limited (POWERINDIA) has scheduled a Board Meeting on May 25, 2026, to approve the audited financial results for the fourth quarter and full fiscal year ending March 31, 2026. The board will also evaluate a potential dividend recommendation for the financial year. An analyst conference call is scheduled for the following day, May 26, 2026, at 12:00 PM IST to discuss operational performance. This is a critical update for shareholders to assess the company's annual growth and payout ratio.
Key Highlights
Board meeting scheduled for May 25, 2026, to approve audited Q4 and FY26 financial results.
The Board of Directors will consider recommending a dividend for the financial year ended March 31, 2026.
Analyst conference call confirmed for May 26, 2026, at 12:00 hrs IST with CEO N Venu and CFO Ajay Singh.
Results will cover the full financial performance period from April 01, 2025, to March 31, 2026.
👀 What to Watch
Investors should monitor the May 25 announcement for the dividend yield and margin performance. The subsequent analyst call on May 26 will be vital for understanding the order pipeline and execution timelines.
Hitachi Energy India to Consider Q4 FY26 Results and Dividend on May 25, 2026
Hitachi Energy India Limited has scheduled a Board Meeting on May 25, 2026, to approve its audited financial results for the fourth quarter and the full financial year ending March 31, 2026. The board will also consider recommending a dividend for the financial year 2025-26. Following the board meeting, the company will host an analyst conference call on May 26, 2026, at 12:00 PM IST to discuss operational and financial performance. This event is part of their broader 'Powering India's Next 25' investor day initiative.
Key Highlights
Board meeting scheduled for May 25, 2026, to approve Q4 and FY26 audited financial results.
Potential dividend recommendation for the financial year ended March 31, 2026, to be discussed.
Analyst conference call scheduled for May 26, 2026, from 12:00 to 13:00 hrs IST.
Key management participants include MD & CEO N Venu and CFO Ajay Singh.
The company will refer to the 'Powering India's Next 25' strategy during the investor interactions.
👀 What to Watch
Investors should monitor the May 25 announcement for earnings growth and dividend payouts, and track the May 26 analyst call for management's long-term guidance on India's energy transition.
Hitachi Energy India Reports Zero Deviation in ₹2,476 Cr QIP Fund Utilization for Q4 FY26
Hitachi Energy India Limited has confirmed that there was no deviation in the utilization of funds raised through its Qualified Institutional Placement (QIP) in March 2025. For the quarter ended March 31, 2026, the company utilized ₹469.66 crores specifically for capital expenditure, including capacity expansion and equipment additions. The total net proceeds of ₹2,476.29 crores are being deployed as per the original placement document, with Crisil Ratings acting as the monitoring agency. No funds were drawn from the working capital or general corporate purpose allocations during this specific quarter.
Key Highlights
Net proceeds of ₹2,476.29 crores were raised via QIP on March 13, 2025
₹469.66 crores utilized in Q4 FY26 for capacity increase, equipment addition, and civil works
Zero deviation reported from the objects stated in the original placement document
Allocations of ₹350 crores for working capital and ₹613.01 crores for general corporate purposes remain unutilized this quarter
The statement was reviewed by the Audit Committee and monitored by Crisil Ratings Limited
👀 What to Watch
Investors should take confidence in the company's disciplined capital deployment and transparent reporting. Monitor the future utilization of the remaining ₹2,000+ crores to track the progress of the company's expansion and growth strategy.
Hitachi Energy & Adani Commission 1,000 MW HVDC Link for Mumbai Power Supply
Hitachi Energy India, in partnership with Adani Energy Solutions, has successfully commissioned a 1,000 MW HVDC city center infeed for Mumbai. This project increases the city's external power supply capacity by 50%, utilizing advanced Voltage Source Converter (VSC) technology. The Kudus-Aarey link is designed to provide reliable, clean power to over 20 million people while overcoming extreme urban space constraints. This milestone reinforces Hitachi Energy's position as a leader in high-tech grid modernization and renewable energy integration in India.
Key Highlights
Successfully commissioned a 1,000 MW HVDC link, boosting Mumbai's external power supply by 50%
Upgraded Aarey converter station capacity from 250 MW to 1,000 MW using advanced VSC technology
Utilized 50 km of underground HVDC cables, freeing up approximately 2 square kilometers of urban land
Project supports the Mumbai Climate Action Plan and serves a population of over 20 million people
👀 What to Watch
Investors should view this as a strong validation of Hitachi Energy's technological moat in the high-growth HVDC segment. The successful execution of such a complex urban project positions the company well for future grid modernization tenders across India's megacities.
Hitachi Energy Q3 FY26: Revenue up 30%, Order Backlog reaches record Rs 29,872 Cr
Hitachi Energy India reported a strong Q3 FY26 with revenue growing 29.6% YoY to Rs 2,168 crores and PBT (before exceptional items) surging 118.4% to Rs 402 crores. The company's order backlog hit an all-time high of Rs 29,872 crores, providing significant long-term revenue visibility. While base order inflows grew 73% YoY (excluding a large prior HVDC order), the company recorded a Rs 54 crore exceptional charge for labor code implementation. Management highlighted strong growth momentum in data centers and renewables, supported by favorable trade deals and budget allocations.
Key Highlights
Order backlog reached an all-time high of Rs 29,872 crores, ensuring strong future visibility.
Revenue increased by 29.6% YoY to Rs 2,168 crores for the quarter ended December 31, 2025.
PBT before exceptional items grew 118.4% YoY to Rs 402 crores with a margin of 18.5%.
Operational EBITDA margin improved significantly to 15.6% compared to 10.1% in the previous year.
Base orders grew 73% YoY (excluding the prior year's massive HVDC order) to Rs 2,477.6 crores.
👀 What to Watch
Investors should maintain a positive outlook given the record order backlog and significant margin expansion. The company's strategic positioning in high-growth sectors like AI data centers and renewables makes it a strong play on India's energy transition.
Hitachi Energy Q3 FY26: Revenue Up 29.6% YoY to ₹2,168 Cr; Order Backlog Hits Record ₹29,872 Cr
Hitachi Energy India reported a strong Q3 FY26 with revenues growing 29.6% YoY to ₹2,168 crores and PBT (before exceptional items) surging 118.4% to ₹402 crores. The company achieved an all-time high order backlog of ₹29,872 crores, driven by robust demand in renewables, data centers, and industrial segments. Operational EBITDA margins improved significantly to 15.6% from 10.1% in the previous year. Despite a ₹54 crore exceptional charge for labor code implementation, the overall financial trajectory remains highly positive with strong export momentum.
Key Highlights
Revenue grew 29.6% YoY to ₹2,168 crores, while PBT before exceptional items rose 118.4% to ₹402 crores.
Order backlog reached an all-time high of ₹29,872 crores, providing strong multi-year revenue visibility.
Base order growth stood at 73% YoY when excluding the previous year's large HVDC order.
Operational EBITDA margin expanded to 15.6%, supported by a favorable product mix and operational efficiency.
Data centers and renewables identified as key growth drivers, with significant traction in modular substation concepts.
👀 What to Watch
Investors should focus on the record order backlog and significant margin expansion as indicators of sustained growth. The company's strategic alignment with AI data centers and the energy transition positions it well for long-term capital appreciation.
Hitachi Energy Q3 PAT Surges 90% YoY to ₹261 Cr; Order Backlog Hits Record ₹29,872 Cr
Hitachi Energy India reported a robust Q3 FY26 performance with revenue growing 29.6% YoY to ₹2,168 crore. Net profit (PAT) jumped 90.3% YoY to ₹261.4 crore, even after accounting for a one-time exceptional charge of ₹54.24 crore related to new labour code provisions. The company achieved its highest-ever order backlog of ₹29,872.2 crore, ensuring strong long-term revenue visibility. Operational EBITDA margins saw a significant expansion to 15.6% from 10.1% in the same quarter last year.
Key Highlights
Revenue from operations grew 29.6% YoY to ₹2,168.01 crore in Q3 FY26
Profit After Tax (PAT) increased by 90.3% YoY to ₹261.42 crore
Operational EBITDA margin expanded significantly to 15.6% from 10.1% YoY
Order backlog reached a record high of ₹29,872.2 crore
Exceptional item of ₹54.24 crore recognized as a provision for the New Labour Codes
👀 What to Watch
The company demonstrates strong operational leverage and record-high revenue visibility through its massive order book. Investors should remain positive given the margin expansion and substantial unutilized QIP funds of ₹2,365 crore available for future expansion.
Hitachi Energy Q3FY26: PAT Surges 90% YoY to ₹261 Cr; Record Order Backlog of ₹29,872 Cr
Hitachi Energy India reported a robust Q3FY26 performance with revenue growing 29.6% YoY to ₹2,168 crore, driven by strong execution and a solid order backlog. Net profit (PAT) jumped 90.3% YoY to ₹261.4 crore, supported by operational efficiencies that pushed Op EBITDA margins to 15.6%. The company hit a milestone with its highest-ever order backlog of ₹29,872.2 crore, providing significant revenue visibility. Results included a one-time exceptional charge of ₹54.24 crore related to the impact of New Labour Codes on employee liabilities.
Key Highlights
Revenue from operations increased 29.6% YoY to ₹2,168 crore for the quarter ended December 31, 2025.
Profit After Tax (PAT) rose 90.3% YoY to ₹261.4 crore despite an exceptional cost of ₹54.24 crore.
Order backlog reached a record high of ₹29,872.2 crore, ensuring strong future growth visibility.
Operational EBITDA margin expanded significantly to 15.6% compared to 10.1% in Q3FY25.
The company maintains a strong liquidity position with ₹2,260 crore from its March 2025 QIP still held in bank deposits.
👀 What to Watch
Investors should maintain a positive outlook given the record order backlog and significant margin expansion, which signal strong demand for energy transition infrastructure. The company's ability to scale execution while improving profitability makes it a core holding in the power equipment sector.
Hitachi Energy India Q3 PAT Jumps 90% YoY to ₹261.4 Cr; Revenue Up 30%
Hitachi Energy India reported a strong performance for Q3 FY26, with revenue growing 29.6% YoY to ₹2,168 crore. Profit After Tax (PAT) surged 90.3% YoY to ₹261.4 crore, driven by significant margin expansion as Operating EBITDA margins reached 15.6% compared to 10.1% in the previous year. Although quarterly order inflows fell 78.6% YoY to ₹2,477.6 crore due to a high base effect from a massive HVDC order last year, the order backlog remains robust at ₹29,872.2 crore. The company is well-positioned to benefit from India's energy transition, particularly in renewables, data centers, and 765kV transmission projects.
Key Highlights
Revenue from operations increased 29.6% YoY to ₹2,168 crore in Q3 FY26.
PAT for the quarter rose 90.3% YoY to ₹261.4 crore; 9M FY26 PAT grew 228.5% YoY to ₹657.4 crore.
Operating EBITDA margin expanded significantly to 15.6% from 10.1% in the same quarter last year.
Order backlog stands at a healthy ₹29,872.2 crore, providing strong revenue visibility for future quarters.
Exceptional item of ₹54.2 crore recognized in Q3 FY26 due to the impact of new labor codes.
👀 What to Watch
Investors should view the margin expansion and massive order backlog as strong indicators of operational efficiency and future growth. The decline in quarterly order inflow is a temporary base-effect issue and does not signal a slowdown in the robust demand for power infrastructure.
Hitachi Energy Q3 FY26 PAT Jumps 90% YoY to ₹261 Cr; Order Backlog Hits Record ₹29,872 Cr
Hitachi Energy India reported a strong Q3 FY26 with revenue growing 29.6% YoY to ₹2,168 crore. Net profit surged 90.3% YoY to ₹261.4 crore, even after accounting for a one-time exceptional hit of ₹54.2 crore related to new labour code provisions. The company achieved its highest-ever order backlog of ₹29,872.2 crore, providing multi-year revenue visibility. Operational efficiency improved significantly, with Op EBITDA margins expanding to 15.6% from 10.1% in the previous year.
Key Highlights
Revenue from operations grew 29.6% YoY to ₹2,168 crore in Q3 FY26.
Profit After Tax (PAT) increased by 90.3% YoY to ₹261.4 crore from ₹137.4 crore.
Order backlog reached a record high of ₹29,872.2 crore, ensuring strong future growth.
Operating EBITDA margin expanded significantly to 15.6% compared to 10.1% in the same quarter last year.
Recognized an exceptional item of ₹54.24 crore due to the impact of New Labour Codes on employee benefit liabilities.
👀 What to Watch
The company demonstrates robust execution and margin expansion within the high-growth energy transition sector. Investors should maintain a positive outlook given the record order book and substantial unutilized QIP funds of ₹2,365 crore available for future expansion.
