Hitachi Energy Q1 Results: Profit Surges, Margin Expands
During the quarter ended June, Hitachi Energy reported orders worth Rs 11,339.2 crore, a surge of 365% year-on-year.
Hitachi Energy India Ltd.'s consolidated net profit surged multiple fold in the quarter ended June of the current financial year.
The company's bottom line rose to Rs 131.6 crore in the April-June period, compared to Rs 10.4 crore in the year-ago period, according to an exchange filing on Wednesday.
Hitachi Energy Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 11.4% to Rs 1,478.9 crore versus Rs 1,327.24 crore.
Net profit up 1,163% to Rs 131.6 crore versus Rs 10.4 crore.
Ebitda up 223% to Rs 154.9 crore versus Rs 47.9 crore.
Margin at 10.5% versus 3.6%.
During the quarter ended June, Hitachi Energy reported orders worth Rs 11,339.2 crore, a surge by 365% year-on-year. This surge was driven by the win of the Bhadla-Fatehpur High Voltage Direct Current link project. It also won a bulk order from Powergrid for 30 units of 765-kilovolt, 500 megavolt ampere single-phase transformers.
Among various verticals, transmission was a major contributor to the order book, followed by significant orders in the rail and metro and data center categories.
"India’s ongoing efforts to integrate renewables, coupled with growth in data centres and AI, the increasing electrification needs of industry and transport continue to drive grid infrastructure development in the country," Chief Executive Officer N Venu said.
Shares of Hitachi Energy closed 0.67% lower at Rs 2,086.7 apiece on the NSE. Out of nine analysts tracking the company, seven have a 'buy' rating on the stock and two maintain 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 18.4%.
