Hitachi Energy Q1FY Results Out - Order Inflow Surge by 365%, PAT Soars

Bengaluru, July 30, 2025 — Hitachi Energy India Ltd (NSE: POWERINDIA, BSE: 543187) reported strong Q1FY26 results, led by a 365% surge in order inflow and improved profitability. Record bookings, margin expansion, and sustained execution lifted the quarter’s performance, marking a sharp turnaround from the previous year.

Transmission dominated the order mix, with major contracts from POWERGRID and export markets contributing significantly. Operational efficiency, a favourable product mix, and lower expenses supported EBITDA gains, while the company’s robust ₹29,125 crore order book ensures revenue visibility in upcoming quarters.

Stock Performance of Hitachi Energy on July 30, 2025

As of market close on July 30, 2025, the stock ended at ₹20,825, up 5.46% from the previous close of ₹19,790. It hit an intraday high of ₹21,350. VWAP stood at ₹20,779.64 with a traded volume of 3.14 lakh shares.

Key Financial Highlights (Standalone)

Order inflow rose sharply to ₹11,339.2 crore in Q1FY26, up 365.4% YoY and 417.6% QoQ, signalling strong business traction. Revenue from operations grew 15.3% YoY to ₹1,478.9 crore, though sequentially declined 21.5% due to execution timing. Total income followed a similar pattern at ₹1,529.8 crore.

Net profit surged to ₹131.6 crore, rising 1163.1% YoY, but dropped 28.4% QoQ. Operational EBITDA more than doubled YoY to ₹170.2 crore, with margins improving to 11.1% from 4.6% a year ago. Sequentially, margins slipped slightly due to a lower revenue base.

Segment Performance & Orders

The company reported a record-high order book of ₹29,125.3 crore as of June 30, 2025, ensuring strong revenue visibility. Major wins included the Bhadla-Fatehpur HVDC project and a bulk 765 kV transformer order from POWERGRID. Transmission led the order mix, followed by Rail & Metro and Data Center segments.

Export orders contributed 24.7% of total orders (excluding HVDC), with deliveries spread across Europe, South America, and Asia. The services business also clocked 91% YoY order growth, backed by SCADA upgrades and maintenance contracts.

Expense & Margin Analysis

Despite a QoQ decline in revenue, the company maintained strong profitability due to:

• A favourable product mix
• Operational excellence and cost controls
• Lower finance costs and improved cash collections

Total expenses stood at ₹1,352.96 crore, down from ₹1,675.18 crore in Q4FY25. Operational EBITDA margin held steady in the double-digits at 11.1%.

Management Commentary

“India’s ongoing efforts to integrate renewables, along with the electrification of industries and transport, are driving grid infrastructure investments. As one of the fastest-growing economies, India needs to deploy advanced technologies at speed and scale,” said N. Venu, Managing Director & CEO, Hitachi Energy India Ltd.

Regulatory Reference

Unaudited financial results filed under Regulation 33 of SEBI (LODR) Regulations, 2015. Audit review conducted by S.R. Batliboi & Associates LLP with an unmodified opinion.

Strategic Outlook

India’s power consumption rose nearly 7% in March 2025, and over half of the country’s installed electricity capacity is now from non-fossil sources. Hitachi Energy anticipates continued demand from data centres, transportation, and industrial segments, with an emphasis on sustainability and digital transformation.

About the Company

Hitachi Energy develops grid automation, high-voltage, and electrification technologies. With roots in ABB and Hitachi Ltd., it supports the global energy transition by delivering sustainable, secure, and flexible power solutions. The company operates globally, headquartered in Zürich, and focuses on advancing a sustainable energy future.

REF:https://nsearchives.nseindia.com/corporate/HitachiEnergy_30072025161836_Outcome.pdf

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