Hitachi Energy India Posts 68.6% Revenue Jump as Order Book Hits Record High
The power equipment manufacturer reported robust Q1FY27 results with profit after tax surging 123.5% year-on-year, driven by strong execution and its first battery storage order.
Strong Quarter Marks FY27 Opening
Hitachi Energy India Limited reported substantial growth across key financial metrics for the quarter ended June 30, 2026, with revenue from operations climbing 68.6% year-on-year to INR 2,493.7 crore from INR 1,478.9 crore in the prior-year period (FIN SUPP filing, 2026-08-07).
The Board of Directors approved the unaudited financial results at a meeting held on August 7, 2026, which ran from 15:43 to 16:32 IST, according to the regulatory filing submitted to BSE Limited and the National Stock Exchange of India.
Profit after tax surged 123.5% to INR 294.2 crore, while profit before tax increased 120.2% to INR 389.5 crore (FIN SUPP filing, 2026-08-07). Operational EBITDA stood at INR 399.9 crore, yielding a double-digit margin of 16.0%.
Record Order Backlog Builds Revenue Visibility
Orders totaled INR 5,096.5 crore during the quarter, representing 26.1% year-on-year growth excluding HVDC orders in the respective quarters (FIN SUPP filing, 2026-08-07). The growth drove the company's order backlog to a record INR 32,222.1 crore, "providing revenue visibility for several quarters," according to the press release.
Managing Director & CEO N Venu attributed the performance to "strong market momentum, driven by a surge in opportunities stemming from the energy transition & security across the country and globally" (FIN SUPP filing, 2026-08-07).
The quarter's orderbook was led by HVDC, grid connection solutions, power quality equipment, and transformers. Data centers contributed significantly to the segment-wise order breakup, followed by industries and renewables.
First Battery Storage Order Secured
The company secured its first battery energy storage system (BESS) order for a 165 MW / 330 MWh project in Andhra Pradesh, marking "a major milestone" that "reinforces customer trust and unlocks significant growth opportunities in the energy storage segment" (FIN SUPP filing, 2026-08-07).
Export orders accounted for 33.6% of total orders excluding HVDC during the quarter, with orders received from Europe, North America, and South Asia for grid integration and power quality products (FIN SUPP filing, 2026-08-07).
Manufacturing Expansion Underway
To strengthen execution capabilities, the company began construction of its 20th manufacturing unit at Karjan, Vadodara, in June 2026, reflecting "our commitment to our nation's energy security and the vision of 'Make in India,'" Venu stated (FIN SUPP filing, 2026-08-07).
Corporate Governance Updates
The Board approved amendments to the company's Code of Conduct for Prevention of Insider Trading and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (FIN SUPP filing, 2026-08-07). The amended codes are available on the company's investor relations website.
According to MarginX data, the company has declared a cash dividend of INR 8.00 per share with an ex-date of August 21, 2026, ahead of its Annual General Meeting scheduled for August 28, 2026.
The financial results were subject to a limited review by S. R. Batliboi & Associates LLP, the company's statutory auditors, who issued their report on August 7, 2026 (FIN SUPP filing, 2026-08-07).
This article was generated by MarginX from the FIN SUPP filing on 2026-08-07. It is not investment advice.