Hitachi Energy India Limited reported a 46.2% year-on-year increase in revenue from operations to ₹2,754.1 crore for Q4FY26, driven by solid performance across industries and data center segments. Profit after tax (PAT) for the quarter surged 79.7% to ₹330.5 crore, while operational EBITDA grew 92% to ₹452.4 crore. The company announced an additional capital expenditure of ₹2,000 crore to establish a greenfield large power transformer facility in Karjan, Vadodara, Gujarat, taking its cumulative capex commitment to ₹4,000 crore.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an analyst and investor conference call held on May 26, 2026. The presentation was signed by Poovanna Ammatanda, General Counsel and Company Secretary.

Financial Performance

Orders for the quarter stood at ₹2,422.5 crore, a 10.6% increase compared to the same period last year, bringing the total order book for FY26 to ₹18,456.5 crore. The company achieved an operational EBITDA margin of 16.4% in Q4FY26, up from 12.5% in the previous year. For the full fiscal year, revenue increased 27.6% to ₹8,147.7 crore, and PAT jumped 157.3% to ₹987.8 crore.

Strategic Developments

The company highlighted significant commissioning projects, including the Mumbai city infeed HVDC 1000MW VSC project and transformers for utilities in Ramgarh and Bhiwani. In the renewables sector, it commissioned a substation at Shiv Barmer, Rajasthan. Hitachi Energy India also reported progress on ESG targets, achieving a 74% reduction in CO2 emissions along the value chain and 100% renewable electricity in operations for FY26.

Order growth was fuelled by sectors such as Data Centers, Railways, and Renewables. The order mix for FY26 showed a shift towards Products (53%) and a continued dominance of the Utilities sector (85%). The company stated it aims to maintain leadership in core segments like Renewables and Utilities while harnessing new segments such as data centers and Battery Energy Storage Systems (BESS).

Hitachi Energy India Limited reported a 157.2% year-on-year increase in profit after tax (PAT) to ₹987.8 crore for the financial year ended March 31, 2026, driven by robust revenue growth and operational efficiency. The company's revenue from operations for FY26 rose 27.6% to ₹8,147.7 crore. For the fourth quarter, PAT grew to ₹330.5 crore compared to ₹183.9 crore in the same period last year, while revenue increased 46.2% to ₹2,754.1 crore. The Board of Directors has recommended a final dividend of ₹8 per equity share (400%) of face value ₹2 each, subject to shareholder approval at the Seventh Annual General Meeting scheduled for August 28, 2026. The audited financial results were published on May 26, 2026, in "The Hindu Business Line" and "Vijaya Karnataka" pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's order backlog reached a record high of ₹29,555.3 crore as of March 31, 2026, an increase of 53.5% year-on-year. Operational EBITDA for the full year stood at ₹1,252.6 crore, with margins expanding to 15.4%. The strong performance was attributed to robust project execution and a focused strategic approach across segments including data centers, rail, and metro.

Q4 Performance Highlights

The fourth quarter results reflected strong momentum, with Q4 EBITDA rising to ₹452.4 crore from ₹235.6 crore in the same period last year. EBITDA margin for the quarter stood at 16.4% compared to 12.5% in the prior year period, underscoring improved operational leverage. Q4 net profit stood at ₹330.5 crore versus ₹183.9 crore year-on-year, while Q4 revenue grew to ₹2,754.1 crore from ₹1,883.7 crore in the corresponding quarter.

Board Decisions and Strategic Investments

In a meeting held on May 25, 2026, the Board approved an investment of ₹2,000 crores to establish a greenfield large power transformers facility in Karjan, Vadodara, Gujarat. This investment is in addition to the capital expenditure announced previously, taking the cumulative capex commitment to ₹4,000 crores. The statutory auditors, M/s. S. R. Batliboi & Associates LLP, issued an unmodified opinion on the audited financial statements.

Outlook

Management highlighted that energy security and sustainability remain top priorities, with electricity being a primary driver of growth. The company noted that the allocation of funds in the Union Budget FY 2026-27 for the clean energy sector is expected to add momentum to the energy ecosystem. Hitachi Energy India Limited also reported significant progress in its sustainability goals, achieving a 74% reduction in CO2 emissions and certifying its Halol facility as Water Positive.