Hitachi Energy India Limited has informed the Exchange about Transcript
POWERINDIA · price
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Hitachi Energy India reported Q1 FY26 results with record order intake of Rs. 11,339.2 crores, up 365% year-on-year, driven mainly by the Bhadla-Fatehpur HVDC project (6,000 MW, 800 kV) from Adani Energy Solutions. Revenue grew 15.3% YoY to Rs. 1,529.8 crores, with PBT of Rs. 176.9 crores, PAT of Rs. 131.6 crores, and operational EBITDA margin expanding to 11.1%, a sharp 650 bps improvement YoY. Order backlog hit an all-time high of Rs. 29,135 crores, of which about 55-60% is HVDC. Segment order growth was strong in transmission (625%), rail and metro (845%), data centers (nearly 100%) and industries (23%), while renewable orders dipped 25% on timing issues. Management guided continued margin improvement on a double-digit roadmap, announced a new service business vertical (orders up 90% YoY), and maintained export contribution at around 25% of the order book.
Strong order book and margin expansion signal robust growth visibility for shareholders, though revenue contribution from the large HVDC order will only begin meaningfully from the next financial year. The stock could see positive sentiment given the record backlog, multi-year HVDC pipeline (1-2 awards expected in FY26), and ongoing Rs. 2,000 crore capacity expansion.