Hitachi Energy India Limited has informed the Exchange regarding a press release dated November 03, 2025, titled "Hitachi Energy India Limited announces Q2FY26 results: Strong orderbook, resilient margins and strategic execution driving sustained growth".
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On the reaction day the stock moved 14.3 pts more than Nifty Midcap 150 and 14.6 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hitachi Energy India reported strong Q2FY26 results with revenue rising 23.3% year-on-year to ₹1,915.2 crore, driven by execution of high-margin orders and strong export momentum. Profit after tax (PAT) jumped over four-fold to ₹264.4 crore from a low base of ₹52.3 crore in Q2FY25, while operating EBITDA margin expanded sharply to 15.2% from 8.1% a year ago. For the first half of FY26, revenue grew to ₹3,435.6 crore and PAT surged to ₹396 crore versus ₹62.7 crore in H1FY25. New orders in the quarter stood at ₹2,217.1 crore, up 13.6% YoY, led by gas-insulated switchgear, air-insulated switchgear, and locomotive transformers, with exports contributing 30.4% of orders. The order backlog stands at a healthy ₹29,413 crore, giving strong revenue visibility. The auditor (S.R. Batliboi & Associates LLP) issued an unqualified review report with no qualifications.
This is a clearly positive set of results: double-digit revenue growth, sharp margin expansion, and a multi-fold jump in profit signal improving operational efficiency and order quality. The massive ₹29,413 crore order backlog and strong cash position (₹4,659 crore) provide solid earnings visibility. Shareholders can expect a positive market reaction, though the very high PAT growth is partly aided by a low base in the year-ago quarter.