Hitachi Energy Q1 Result: Net profit grows nearly 13-fold to ₹132 crore; revenue surges 15%

Hitachi Energy on Wednesday, July 30, reported an almost 13-fold year-on-year (YoY) surge in its profit after tax (PAT) to ₹131.6 crore in the first quarter of the 2025-26 financial year (Q1FY26). In the year-ago period, the company had clocked a profit of ₹10.4 crore.

The tech firm's growth in profit was bolstered by the effective execution of high-margin orders, sustained operational excellence, a good product mix and increased export momentum, it said in a regulatory filing.

During the quarter under review, the energy firm's revenue from operations stood at ₹1,529.8 crore, marking a 15.3% YoY increase 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 totaled ₹11,339.2 crore in the June FY26 quarter, rising 365.4% YoY, supported by the large project win of the Bhadla-Fatehpur High Voltage Direct Current (HVDC) link, a bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavoltampere (MVA) single-phase transformers, etc.

In terms of segment, transmission continues to lead the order book, followed by orders from the rail & metro and data center segments.

Service clocked a 91% YoY order growth; some of the key service orders include SCADA upgrades, equipment replacement, and annual maintenance contracts.

Meanwhile, exports maintained consistency by contributing 24.7% without HVDC orders in Q1 FY26, it stated.

In the quarter, the company received export orders from Europe, South America, and Asia, it stated.

The order backlog stood at ₹29,125.3 crore during the period, providing revenue visibility for the coming quarters.

At an operational level, the company's EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, rose by 176.6% YoY to ₹170.2 crore in Q1FY26, compared to ₹61.5 crore in the first quarter of FY25.

Its EBITDA margin expanded sharply to 11.1% in the reporting quarter, as against 4.6% in Q1FY25.

Furthermore, a steady collection of receivables, along with advances, led to a positive cash impact during the quarter under review.

Commenting on the results, N. Venu, Managing Director & CEO of Hitachi Energy India, said: "India’s ongoing ećorts to integrate renewables, coupled with growth in data centers and AI, the increasing electrification needs of industry and transport, continue to drive grid infrastructure development in the country. As one of the fastest-growing large economies in the world, India needs to persist with deploying state-of-the-art technologies at speed and scale as it powers ahead to inspire the next era of a sustainable energy future for all.”

Shares of Hitachi Energy closed 5.46% higher at ₹20,870 apiece on the National Stock Exchange (NSE) on Wednesday. However, the earnings were announced after the market closed.

Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core.