Hitachi Energy India Q1 profit soars over two-folds YoY to ₹294 crore, revenue rises to ₹2,494 crore

The growth momentum in the quarter was driven by robust order inflows and strong order execution, the company said.

The firm recorded a 123.5% year-on-year (YoY) surge in its profit after tax (PAT) to ₹294.15 crore during the quarter under review, compared with ₹131.60 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

The growth in its bottom-line was supported by efficient execution of a favorable product mix, strong operational efficiencies, and a growing export contribution.

However, sequentially, its PAT declined 11% quarter-on-quarter (QoQ) from ₹330.5 crore in the fourth quarter of FY26 (Q4 FY26), due to a higher revenue base in the previous quarter.

Its revenue from operations jumped 68.62% YoY to ₹2,493.69 crore in the June FY27 quarter, as against ₹1,478.90 crore in the corresponding period of the preceding fiscal year, according to a regulatory filing.

The YoY top line growth was bolstered by strong, timely execution of order backlog across all businesses.

Its operational EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹399 crore for the reporting quarter, reflecting a 135% YoY rise from ₹170.2 crore in the first quarter of FY26.

Its operational EBITDA margin expanded by 450 basis points (bps) YoY to 16% in Q1 FY27, as against 11.5% in the year-ago period.

Orders

The company recorded its highest ever order backlog of ₹32,222.1 crore, which provides revenue visibility for several quarters, Hitachi Energy said.

The company saw a strong order growth of 26.1% YoY to ₹5,096.5 crore during the quarter, excluding the High-Voltage Direct Current (HVDC) order received in the respective quarters. The robust order inflow was driven by strong market demand, which sustained growth momentum.

For Hitachi Energy, the quarter’s orderbook was led by orders for HVDC, grid connection solutions, power quality equipment, and transformers.

Furthermore, data centers contributed significantly, followed by industries and renewables, in terms of segment-wise order breakup, the firm stated.

Its export segment continued to grow in Q1 FY27, accounting for 33.6% of total orders (without HVDC) booked for the quarter.

Hitachi Energy received export orders from Europe, North America, and South Asia for grid integration and power quality products.

Its service orders came from the utilities, discoms, industry, and transport for the bay extension, switchyard commissioning, maintenance, and lifecycle services, among others.

What the CEO said

Commenting on the quarterly results, N Venu, Managing Director & CEO of Hitachi Energy India Ltd., said: “Q1 FY27 indicates excellent overall performance, resulting in robust order and revenue growth. It reflects strong market momentum, driven by a surge in opportunities stemming from the energy transition & security across the country and globally. At Hitachi Energy India Limited, we preempted this surge and laid out a long-term strategy across all our businesses to best address the surge in these opportunities, in this electricity era.”

He further stated that the quarter demonstrated the company’s continued focus on enhancing operational efficiency, which aided the strong execution of its order book.

Furthermore, to strengthen its execution capabilities and to create a more robust supply chain in the market, the firm began the construction of Hitachi Energy India Ltd.'s 20th manufacturing unit at Karjan, Vadodara, in June 2026. “It reflects our commitment to our nation’s energy security and the vision of ‘Make in India’,” Venu added.

Hitachi Energy India has a total market capitalisation of ₹1.45 lakh crore as of August 7, 2026, according to data on the NSE.