Hitachi Energy India Limited announced an additional capital expenditure of ₹2,000 crore to establish a greenfield large power transformer facility in Karjan, Vadodara, taking its cumulative capex commitment to ₹4,000 crore. The company also reported a 157.3% year-on-year increase in profit after tax (PAT) to ₹987.8 crore for the financial year ended March 31, 2026 (FY26), driven by strong operational performance and margin expansion. Revenue from operations for FY26 rose 27.6% to ₹8,147.7 crore, while operating EBITDA surged 111.5% to ₹1,252.6 crore.

Q4FY26 Performance

In the quarter ended March 31, 2026 (Q4FY26), the company recorded a PAT of ₹330.5 crore, an increase of 79.7% compared to ₹183.9 crore in the corresponding period of the previous year. Revenue from operations for the quarter grew 46.2% to ₹2,754.1 crore from ₹1,883.7 crore in Q4FY25. Operating EBITDA for the quarter stood at ₹452.3 crore, a 92% jump year-on-year, with an operating EBITDA margin of 16.4% compared to 12.5% in the prior year. Total orders for FY26 reached ₹18,456.5 crore, a marginal increase of 1.6% from ₹18,173.8 crore in FY25.

Capital Expenditure and Expansion

Hitachi Energy India's decision to invest an additional ₹2,000 crore in a greenfield large power transformer facility at Karjan, Vadodara, brings its total capex commitment to ₹4,000 crore. This expansion underscores the company's focus on scaling domestic manufacturing capacity to meet growing demand across the power sector.

Strategic Outlook and Orders

The company secured orders across various sectors in Q4FY26, including control and protection upgrades for industries, transformers for data centers, and traction transformers for metro rail projects. Major commissioning projects included the Mumbai city infeed HVDC 1000MW VSC project and substations in Rajasthan. The order mix for FY26 showed a shift towards products (53%) compared to projects (41%), with utilities remaining the dominant sector at 85% of total orders.

ESG and Safety Targets

Hitachi Energy India achieved significant progress on its environmental, social, and governance (ESG) targets in FY26. The company reported a 74% reduction in CO2 emissions along the value chain compared to 2019 and achieved 100% renewable electricity in its operations. The Halol and Mysore facilities received 'Zero Waste to Landfill – Platinum' certification. Safety performance remained a priority with a total recordable injury frequency rate of 0.11 in FY26. The company received an ESG rating of '62 Adequate' from NSE and '61 Strong' from Crisil for FY26.

Hitachi Energy India Limited has submitted its mandatory compliance certificate to stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI depositories regulations.

Regulatory Compliance Filing

The company filed its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 16, 2026. The certificate was submitted to both BSE Limited and National Stock Exchange of India Limited through official communications from the company's General Counsel and Company Secretary, Poovanna Ammatanda.

Registrar Certification

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificates on April 4, 2026. The certificates were signed by C Shobha Anand, Vice President of KFin Technologies Limited, and submitted to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

The registrar certified that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been furnished to all stock exchanges where Hitachi Energy India Limited's shares are listed, as required under the SEBI regulations.

Corporate Information

Hitachi Energy India Limited operates from its registered and corporate office located at 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092. The company maintains investor relations through dedicated communication channels and continues to ensure compliance with all regulatory requirements.

This compliance filing represents the company's commitment to maintaining transparency and adhering to regulatory frameworks governing listed entities in India.