Hitachi Energy India Reports Q2FY26 Financial Results with 23% Revenue Growth
Filing Summary
Hitachi Energy India Limited announced its financial results for the second quarter of FY26, reporting a 23.3% increase in revenue to INR 1,915 crore. The company’s profit before tax (PBT) rose to INR 353 crore, marking a 399.8% year-on-year increase. Orders for the quarter totaled INR 2,217 crore, reflecting a 13.6% growth. The order backlog stood at INR 29,413 crore, providing future revenue visibility. The board approved the unaudited financial results and the limited review report by S.R. Batliboi & Associates LLP. The meeting concluded at 15:50 IST on November 3, 2025.
Hitachi Energy India Limited held a Board Meeting on November 3, 2025, where the Board of Directors approved the unaudited financial results for the second quarter and half-year ended September 30, 2025. The financial results were accompanied by a Limited Review Report from the statutory auditors, S.R. Batliboi & Associates LLP. The meeting commenced at 15:04 IST and concluded at 15:50 IST. The results are available on the company’s website and have been submitted to the stock exchanges as per regulatory requirements.
The company reported a revenue of INR 1,915 crore for Q2FY26, reflecting a 23.3% increase compared to the same quarter in the previous year. The profit before tax (PBT) for the quarter was INR 353 crore, marking a significant year-on-year increase of 399.8%. The profit after tax (PAT) also saw a substantial rise to INR 264 crore, a 405.6% increase from the previous year. The operational EBITDA for the quarter was INR 292 crore, with a margin of 15.2%.
Operationally, the company focused on executing orders efficiently, maintaining operational excellence, and optimizing its product mix. The order intake for the quarter was INR 2,217 crore, a 13.6% increase year-on-year, driven by significant orders for gas-insulated switchgear and locomotive transformers. The order backlog at the end of the quarter was INR 29,413 crore, ensuring revenue visibility for upcoming quarters.
The financial results cover the period from April 1, 2025, to September 30, 2025. The company’s management is responsible for preparing the financial statements in compliance with Indian Accounting Standards and SEBI regulations. The auditors conducted a review in accordance with the Standard on Review Engagements, providing moderate assurance on the financial statements.
Hitachi Energy India operates in the “Power Grids” segment, with no subsidiaries, associates, or joint ventures as of September 30, 2025. The company has utilized funds raised through a Qualified Institutions Placement, with a portion remaining unutilized and deposited with banks. The company engages in forward contracts for ongoing projects, which are fair valued at each reporting period.
Hitachi Energy is a global leader in electrification and power grid technologies, focusing on sustainable energy solutions. The company operates in over 140 countries, providing critical technologies for electricity demand and decarbonization. In India, Hitachi Energy is listed on the NSE and BSE under the symbol POWERINDIA, with a focus on advanced grid technologies and digitalization.