Consolidated net profit rose to ₹294.2 crore in the April-June quarter from ₹132 crore a year earlier, ahead of the CNBC-TV18 poll estimate of ₹256.6 crore.
Revenue from operations increased 68.6% to ₹2,493.7 crore, comfortably exceeding the CNBC-TV18 estimate of ₹2,075.8 crore.
EBITDA more than doubled to ₹363.5 crore from ₹154.9 crore a year ago, beating the CNBC-TV18 estimate of ₹309.8 crore. EBITDA margin expanded to 14.6% from 10.5% in the corresponding quarter last year, although it came in marginally below the estimated 14.9%.
Order book remains robust
The company received orders worth ₹5,096.5 crore during the quarter.
Although reported order inflows declined 55.1% year-on-year, the drop was largely due to a high base, as the year-ago quarter included a large high-voltage direct current (HVDC) order. Excluding that one-off order, fresh order inflows grew 26.1% year-on-year, reflecting healthy underlying demand.
Order inflows were led by HVDC projects, grid connection solutions, power quality equipment and transformers, while data centres emerged as a key demand driver, followed by industries and renewable energy.
The company also secured its first battery energy storage system (BESS) order—a 165 MW/330 MWh project in Andhra Pradesh—marking its entry into another fast-growing segment of the energy transition.
Exports accounted for 33.6% of total orders, excluding HVDC, with orders coming from Europe, North America and South Asia.
Hitachi Energy’s order backlog touched a record ₹32,222.1 crore at the end of the quarter, providing strong revenue visibility for the coming quarters.
Capacity expansion and outlook
Managing Director and CEO N. Venu said the June-quarter performance reflected strong market momentum driven by investments in energy transition and energy security in India and globally.
He added that construction of the company’s 20th manufacturing facility, located at Karjan near Vadodara, began in June to strengthen execution capabilities and build a more resilient supply chain.
Looking ahead, the company sees growth opportunities in AI data centres, smart grids, battery energy storage systems, electric vehicle infrastructure and renewable energy. It also said the government’s target of 900 GW of non-fossil fuel installed capacity by FY36 is expected to create significant opportunities, while noting that an early resolution of geopolitical tensions would support global economic growth and the pace of the energy transition.
Shares of Hitachi Energy India ended 2.2% higher at ₹32,600 on Friday ahead of the earnings announcement.
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