Hitachi Energy on Wednesday, July 30, reported that its profit after tax (PAT) grew nearly 13-fold to ₹131.6 crore in the first quarter of FY 2025-26 (Q1 FY26). The company had posted a profit of ₹10.4 crore in the same period a year ago.
The tech company said in a regulatory filing that the rise in its profit was driven by effective execution of high-margin orders, continued operational excellence, good product mix and growth in exports.
During the quarter under review, the energy company’s operating revenue stood at ₹1,529.8 crore, marking a 15.3% year-on-year growth from ₹1,327.3 crore in the June quarter of FY25. This revenue growth was achieved through effective order execution during the quarter and continued improvement in overall operational efficiency.
The company’s orders in the June FY26 quarter totalled ₹11,339.2 crore, up 365.4% over the previous year. This includes the major project win of Bhadla-Fatehpur high voltage direct current (HVDC) link, a large order for supply of 30 units of 765 kilovolt (kV) 500 megavoltampere (MVA) single-phase transformers from Powergrid, etc.
In terms of various segments, transmission continues to lead the order book, with some key service orders such as SCADA upgrades, equipment replacements and annual maintenance contracts.
Meanwhile, the company reported that exports remained stable in Q1 FY26, but HVDC orders contributed 24.7% to the total.
The company reported that in the quarter, the company received export orders from Europe, South America and Asia.
Order backlog stood at ₹29,125.3 crore during the period, keeping revenue prospects strong for the upcoming quarters.
At the operating level, the company’s EBITDA (earnings before interest, tax, depreciation and amortization), also known as operating profit, grew 176.6% to ₹170.2 crore in Q1 FY26 from ₹61.5 crore in Q1 FY25.
Its EBITDA margin improved sharply to 11.1% in the quarter under review compared to 4.6% in Q1 FY25.
Further, stable collection of advances as well as receivables had a positive impact on liquidity during the quarter under review.
Commenting on the results, N., Managing Director and CEO, Hitachi Energy India said. Venu said: “India’s continued efforts to integrate renewable energy, growth in data centres and AI, as well as the increasing electrification needs of industry and transport are driving the development of grid infrastructure in the country. As one of the world’s fastest-growing large economies, India must play a leading role in deploying cutting-edge technologies at speed and scale to drive the next era of a sustainable energy future for all.”
Shares of Hitachi Energy closed 5.46% higher at ₹20,870 per share on the National Stock Exchange (NSE) on Wednesday. However, the earnings were announced after market close.
Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies that put digital at the centre.
