Hitachi Energy Confident Of Sustaining Double-Digit Ebitda Margins On Yearly Basis

Hitachi Energy is confident of sustaining double-digit Ebitda margins on a yearly basis, supported by a robust order book and sustainable order conversion across domestic and export segments.

Venu Nuguri, managing director and chief executive officer of Hitachi Energy India & South Asia, told NDTV Profit that the company’s focused strategy over the past few years, aligned with strong market demand and refined targeting, has driven consistent growth.

“On a yearly basis, at the operational Ebitda level, we have improved over 200 basis points. Going forward, our guidance may change quarter-on-quarter, but on a yearly basis, we are maintaining double-digit Ebitda margins,” Venu said.

On margin accretion, he said the company is converting a large order backlog in a sustainable, strategically focused way, across both domestic and export markets. “We have an order backlog of Rs 19,000 crore as of March 31. In addition, there is one more HVDC (High Voltage Direct Current) order that we’ve already announced, which will be booked in Q1 of the new fiscal. That HVDC order is also quite sizable and substantial, and it will come into the new financial year,” he said.

On fiscal 2026 outlook, Venu emphasised that Hitachi Energy is focused on high-growth segments that consistently outperform market averages. These include transmission, renewables, data centers and emerging areas like energy storage.

“There are certain segments that we have consistently identified as high-growth areas, growing much faster than the market average. We also see emerging sectors like energy storage growing well above the market average going forward. Our focus is on these high-growth segments,” he explained.

According to Venu, this move will help the company aim for parallel growth across its entire portfolio, including products, systems, services, and software.

While exports contribute 25% of revenue, Hitachi Energy’s primary focus remains on the domestic market with potential for slight export growth.

“We are seeing strong tailwinds in our pipeline, especially in areas like transmission, renewables, and data centers. There's a huge amount of momentum in these sectors. Exports, in this context, are complementary. We’ve been consistent in our export strategy, maintaining that 25% target. Moving forward, we might take another step to increase it a bit further,” Venu said.