Hitachi Energy Q1 Results | Net profit zooms over 11-fold, order inflows jump 365%; misses estimates

Hitachi Energy India Ltd on Wednesday (July 30) reported a 1,163% year-on-year (YoY) zoom in net profit at ₹131.6 crore for the first quarter that ended on June 30, 2025. With effective execution of high-margin orders, sustained operational excellence, a good product mix, and increased export momentum, the Company saw a significant growth in profit after tax on a lower base.In the corresponding quarter of the previous fiscal, Hitachi Energy India posted a net profit of ₹10.42 crore. The CNBC-TV18 poll had predicted a profit of ₹141 crore for the quarter under review.
The company’s revenue from operations increased 11.4% to ₹1,479 crore as against ₹1,327 crore in the corresponding period of the preceding fiscal. This was achieved through effective order execution during the quarter and
continued improvement in overall operational efficiency. The CNBC-TV18 poll had predicted revenue of ₹1,819.8 crore for the quarter under review.Also Read: Hitachi Energy India wins order for 765 kV transformers from Power Grid Corp

At the operating level, EBITDA jumped 224% to ₹155 crore in the first quarter of this fiscal over ₹47.9 crore in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹201.8 crore for the quarter under review.
EBITDA margin stood at 10.5% in the reporting quarter as compared to 3.6% in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted a margin of 11.1% for the quarter under review.The company reported total orders of ₹11,339.2 crore, marking a 365.4% year-on-year increase. This sharp rise was primarily driven by the large project win for the Bhadla-Fatehpur High Voltage Direct Current (HVDC) link. The company also secured a significant bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers.

Also Read: Hitachi Energy India aims to maintain double-digit margins in FY26

Among business segments, transmission continued to dominate the order book, followed by orders from the rail & metro and data center segments. The service segment recorded a 91% year-on-year growth in orders, with key wins including SCADA upgrades, equipment replacements, and annual maintenance contracts.

Exports remained steady, contributing 24.7% to the total order book in Q1 FY26, even without any HVDC-related orders. During the quarter, the company received export orders from regions including Europe, South America, and Asia. The company registered a nearly 365% year-on-year increase in orders, supported by several large order wins during the quarter. This surge helped push the order backlog to a record ₹29,125.3 crore.

Also Watch | N Venu, MD & CEO, Hitachi Energy India discusses April-June 2025 quarter (Q1FY26) figures in an interview with CNBC-TV18.

The results came after the close of the market hours. Shares of Hitachi Energy India Ltd ended at ₹20,824.75, up by ₹1,024.15, or 5.17% on the BSE.