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POWERINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hitachi Energy India reported strong Q4 FY26 results with revenue of Rs 2,754 Cr, up 46% YoY, and PAT of Rs 330.5 Cr, up 80% YoY. Full-year FY26 revenue stood at Rs 8,148 Cr with PAT of Rs 988 Cr, more than doubling from FY25. Operating EBITDA margin improved significantly to 15.4% in Q4 FY26 from 9.3% in Q4 FY25. The company announced additional capex of Rs 2,000 Cr for a greenfield power transformer facility in Karjan, Gujarat, taking total planned capex to Rs 4,000 Cr. Key wins include HVDC project commissioning in Mumbai, data center orders, and metro rail transformers. The order book remains strong across transmission, data centers, renewables, and transport segments.
The sharp margin expansion from ~8% to ~16% PBT margin demonstrates improving operational leverage, which should be positive for the stock. The Rs 4,000 Cr capex commitment signals confidence in sustained demand, particularly from data centers and grid infrastructure, supporting long-term revenue visibility.