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Hitachi Energy India Limited Q2 FY26 earnings call summary

NSE: POWERINDIA · BSE: 543187

Earnings call of 7 Nov 2025, summarised by AI from the filing.

Hitachi Energy India Q2 FY26 revenue ₹1,915.2 cr, up 23.3%, with record order backlog ₹29,412.6 cr and double-digit EBITDA margin guidance.

Key takeaways

  1. Revenue ₹1,915.2 cr, up 23.3% year-on-year, driven by execution of good margin orders and exports.
  2. Change Order backlog reached highest ever ₹29,412.6 cr, providing visibility for several quarters.
  3. Driver Exports grew 59% year-on-year, contributing to margin expansion.
  4. Risk Transmission and data centre orders declined 43% and 50% respectively.

Original filing on BSE

Hitachi Energy India Limited Q1 FY27 results

As filed: Revenue ₹2,494 cr (+69% year on year), EBITDA ₹364 cr (+135% year on year), PAT ₹294 cr (+123% year on year), EBITDA margin 14.6% (+410 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,754 cr (+46% year on year), EBITDA ₹416 cr (+75% year on year), PAT ₹330 cr (+80% year on year), EBITDA margin 15.1% (+248 bps). Score 83 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was below it; profit growth was well below it. EBITDA margin rose 248 bps year on year. Profit rose ₹146 cr on a year ago, more than the ₹70.0 cr it added the year before. Share price after the results: −4.7% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹2,082 cr (+29% year on year), EBITDA ₹345 cr (+107% year on year), PAT ₹261 cr (+118% year on year), EBITDA margin 16.6% (+628 bps). Score 75 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit before exceptional items growth was below it. EBITDA margin rose 628 bps year on year. Profit before exceptional items rose ₹218 cr on a year ago, more than the ₹150 cr it added the year before. Share price after the results: +34.7% in 29 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹1,833 cr (+18% year on year), EBITDA ₹299 cr (+172% year on year), PAT ₹264 cr (+300% year on year), EBITDA margin 16.3% (+923 bps). Score 73 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 923 bps year on year. Revenue rose ₹279 cr on a year ago, against ₹326 cr the year before. Share price after the results: +21.9% in 30 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹1,479 cr (+11% year on year), EBITDA ₹155 cr (+223% year on year), PAT ₹132 cr (+300% year on year), EBITDA margin 10.5% (+686 bps). Score 62 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 686 bps year on year. Other income 29% of PBT. Revenue fell 21% from last quarter. Revenue rose ₹152 cr on a year ago, against ₹287 cr the year before. Share price after the results: −8.2% in 30 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹1,884 cr (+11% year on year), EBITDA ₹238 cr (+31% year on year), PAT ₹184 cr (+61% year on year), EBITDA margin 12.6% (+190 bps). Score 38 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 190 bps year on year. Revenue rose ₹189 cr on a year ago, against ₹361 cr the year before. Share price after the results: +6.2% in 30 days (Nifty 500: +1.8%).
  • Q3 FY25: Revenue ₹1,620 cr (+27% year on year), EBITDA ₹167 cr (+142% year on year), PAT ₹137 cr (+300% year on year), EBITDA margin 10.3% (+489 bps). Score 77 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 489 bps year on year. Other income 28% of PBT. Revenue rose ₹346 cr on a year ago, more than the ₹240 cr it added the year before.
  • Q2 FY25: Revenue ₹1,554 cr (+27% year on year), EBITDA ₹110 cr (+67% year on year), PAT ₹52.0 cr (+108% year on year), EBITDA margin 7.1% (+170 bps). Score 90 of 100, Above trend. EBITDA margin rose 170 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Hitachi Energy India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.