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Earnings Call Transcript

Hitachi Energy India Earnings Call Transcript: Key Takeaways

Q2 orders ₹4,121 Cr (+86% ex-HVDC), revenue ₹2,997 Cr (+63.5%), EBITDA margin 16.5%. Reported H1 orders fell 32%, and H1 operating cash flow collapsed to ₹91 Cr.

Hitachi Energy India Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthRevenue +63.5% YoY, +20.2% QoQ; H1 revenue +65.8%.
MarginsEBITDA margin 16.5% vs 15.9% prior-year Q2; material cost 61.7%.
Order bookBacklog ₹33,335 Cr, double-digit YoY; H1 reported orders down 32%.
Demand visibilityBacklog ₹33,335 Cr; visibility claimed to 2035, largely market-based.
Management confidenceUpbeat but evasive; repeatedly declined to give numerical guidance.

Growth

Revenue +63.5% YoY, +20.2% QoQ; PBT +22% YoY to ₹430 Cr after ~₹88 Cr notional forex loss. EBITDA +69.5% YoY, so operating leverage is positive.

Outlook

No company guidance given. Management cites 4-5 HVDC projects expected in 12-24 months (market view); backlog ₹33,335 Cr.

Risks

H1 reported orders down 32% YoY; OCF ₹91 Cr vs ₹874 Cr on HVDC contract assets. Margin outlook refused as guidance.

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
₹28,545.00
Market cap
₹1,27,232 Cr
Revenue (annual)
₹8,148 Cr
Net profit (annual)
₹987.8 Cr
P/E (TTM)
110.6×Sector 51.9×
Promoter holding
71.31%+0.00% QoQ
FII holding
11.96%Current quarter

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

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