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Earnings Call Transcript

Hitachi Energy India Earnings Call Transcript: Key Takeaways

Hitachi Energy India delivered an exceptional FY26, reporting 27.6% revenue growth and a 157% surge in PAT, underpinned by a record ₹29,555 crore order backlog.

Highlights
Revenue growth27.6% YoY growth for FY26; Q4 grew 46.2% YoY.
MarginsEBITDA margin improved to 15.4% from 9.3% YoY.
Order bookRecord backlog of ₹29,553.6 crore, up 53.6% YoY.
Demand visibilityRobust visibility through ₹29,553.6 crore order book spanning several quarters.
Management confidenceExtremely high, focused on structural energy transition and electrification trends.

Growth

FY26 revenue reached ₹8,147.7 crore; Q4 revenue spiked 46.2% YoY. Growth is structurally driven by energy transition and electrification.

Outlook

Announced incremental ₹2,000 crore capex for a greenfield transformer facility in Vadodara, targeting completion by Q4 2028.

Risks

Geopolitical supply chain pressures and elevated freight costs; high dependency on large HVDC project execution timing.

Last quarter's promises, checked

Delivered

  • Sustain growth momentum → FY26 revenue grew 27.6% (= BEAT)
  • Improve operational efficiency → EBITDA margin 15.4% vs 9.3% (= BEAT)
  • Commission Mumbai city infeed → 1,000MW project operational (= BEAT)

Partly delivered

  • Manage supply chain pressures → Navigated but freight costs remain unrecovered (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: POWERINDIA. Summary written with AI assistance from the document.

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Hitachi Energy India Ltd: key numbers

Share price
₹31,035.00
Market cap
₹1,38,330 Cr
Revenue (annual)
₹8,148 Cr
Net profit (annual)
₹987.8 Cr
P/E (TTM)
120.2×Sector 53.6×
Promoter holding
71.31%+0.00% QoQ
FII holding
12.44%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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