Hitachi Energy Q2 results: PAT soars 21% YoY to ₹318 crore, orders grow to ₹4,121 crore

In the same period of the previous fiscal year, the company had logged a PAT of ₹264.36 crore, according to a regulatory filing.

Its revenue from operations advanced 63.5% YoY to ₹2,996.5 crore during the quarter under review, as against ₹1,832.6 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

The topline growth was supported by the company’s sustained focus on operational efficiency, ensuring timely order execution.

EBITDA margin expands

Its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹494.4 crore in the quarter ended September 30, 2026, registering a growth of 69.5% YoY from ₹291.6 crore in the year-ago period.

Its EBITDA margin expanded by 60 basis points (bps) YoY to 16.5% for the reporting period, in contrast to 15.9% in Q2 FY26, driven by better execution and strong operational excellence.

Orders soar 86% YoY

The firm’s orders soared 85.9% YoY to ₹4,120.8 crore in the quarter ended September 30, 2026, compared with ₹2,217.1 crore in the same period last year.

Furthermore, it also reported its highest-ever order backlog of ₹33,335.4 crore.

The growth in revenue, orders, and order backlog was supported by strong tailwinds, including India’s electricity generation in Q2 FY27, which was 536 billion units (BU), up 11% YoY.

This quarter, transmission orders from utilities for power transformers, STATCOM, cooling systems, Air-Insulated Switchgear (AIS) and Gas-Insulated Switchgear (GIS), etc., spearheaded the order book.

In terms of segment-wise order breakup, transmission led the pack, followed by data centers.

The company’s service business rose 77% YoY in Q2 FY27 and 36% YoY in the first half of FY27 (H1 FY27). The major orders came from utilities, industry, and EPCs for GIS augmentation and extension, substation extension, and more.

Exports also continued to play a significant role in the total order book, with 41% YoY growth in Q2 FY27 and 184% in H1 FY27. This quarter, it received export orders from Asia, Africa, the Middle East, Europe, and the USA.

Shares of Hitachi Energy closed at ₹28,545 per unit, down 1.91% on the National Stock Exchange (NSE) on Thursday, November 12. However, the results were declared after the market closed.

Hitachi Energy India has a total market capitalisation of ₹1.27 lakh crore as of November 12, 2026, according to data on the NSE.