Hitachi Energy India Reports INR 36.4 Crore Loss on Derivatives, Foreign Exchange Timing Differences
The power equipment manufacturer disclosed exceptional items related to unrealized losses on derivatives and foreign exchange movements amid an otherwise strong quarter of revenue and order growth.
Exceptional Items Disclosed Amid Strong Quarter
Hitachi Energy India Limited disclosed exceptional items totaling INR 36.37 crore related to foreign exchange and commodity timing differences during its first quarter of fiscal year 2027, according to a regulatory filing submitted to stock exchanges on August 7, 2026.
The items, which the company excludes from its operational EBITDA calculation, consist of "unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives)" and "unrealized foreign exchange movements on receivables/payables (and related assets/liabilities)" for the quarter ended June 30, 2026 (FIN SUPP filing, 2026-08-07).
The disclosure came as part of the company's quarterly financial results, which showed robust underlying business performance despite the exceptional charges.
Strong Revenue and Order Performance
Hitachi Energy India reported revenue from operations of INR 2,493.7 crore for Q1FY27, representing growth of 68.6% year-on-year from INR 1,478.9 crore in the prior-year quarter (FIN SUPP filing, 2026-08-07). The company attributed the revenue surge to "strong, timely execution of order backlog across all businesses."
Orders totaled INR 5,096.5 crore, up 26.1% year-on-year excluding HVDC orders received in respective quarters (FIN SUPP filing, 2026-08-07). The company achieved its highest-ever order backlog of INR 32,222.1 crore, providing "revenue visibility for several quarters," according to the filing.
Export orders accounted for 33.6% of total orders during the quarter, with the company receiving orders from Europe, North America, and South Asia for grid integration and power quality products (FIN SUPP filing, 2026-08-07).
Margin Profile and Profitability
Despite the exceptional items, the company reported operational EBITDA of INR 399.9 crore with a margin of 16.0% for the quarter (FIN SUPP filing, 2026-08-07). Profit before tax stood at INR 389.5 crore, up 120.2% year-on-year, while profit after tax reached INR 294.2 crore, representing growth of 123.5% (FIN SUPP filing, 2026-08-07).
Managing Director & CEO N Venu commented that "Q1FY27 demonstrates our continuous focus on enhancing operational efficiency, which aided the strong execution of our order book" (FIN SUPP filing, 2026-08-07).
Strategic Developments
The company announced construction began in June 2026 on its 20th manufacturing unit at Karjan, Vadodara, aimed at strengthening execution capabilities and creating a more robust supply chain (FIN SUPP filing, 2026-08-07).
Hitachi Energy India also secured its first Battery Energy Storage System (BESS) order for a 165 MW / 330 MWh project in Andhra Pradesh, which the company described as "a major milestone" that "unlocks significant growth opportunities in the energy storage segment" (FIN SUPP filing, 2026-08-07).
According to MarginX data, the company has scheduled an INR 8.00 cash dividend payment for August 21, 2026, and will hold its annual general meeting on August 28, 2026, followed by a shareholder and analyst call the same day.
This article was generated by MarginX from the FIN SUPP filing on 2026-08-07. It is not investment advice.