Hitachi Energy India Limited has announced its financial results for the first quarter, showcasing remarkable growth in orders and profitability. The company's aggressive growth strategy and multi-segment approach have yielded impressive results, positioning it strongly in the rapidly evolving Indian energy sector.

Record-Breaking Order Book

The company reported a staggering 365.4% year-on-year increase in orders, totaling ₹11,339.20 crore for the quarter. This surge was primarily driven by the large project win of the Bhadla-Fatehpur High Voltage Direct Current (HVDC) link. Additionally, Hitachi Energy secured a significant bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers.

The order backlog reached an all-time high of ₹29,125.30 crore, providing strong revenue visibility for the coming quarters.

Financial Performance Highlights

Key financial metrics for Q1 compared to the same quarter last year:

The company's profitability saw a significant boost, with PAT surging by 1163.1% year-on-year. Operational EBITDA margin remained strong at 11.1%, reflecting the company's focus on operational excellence and efficient execution of high-margin orders.

Segment-wise Performance

Transmission continues to lead the order book, followed by strong performances in the rail & metro and data center segments. The service business also showed robust growth, with orders increasing by 91% year-on-year. Key service orders included SCADA upgrades, equipment replacement, and annual maintenance contracts.

Export Momentum

Exports maintained consistency, contributing 24.7% to orders (excluding HVDC orders) in Q1. The company received export orders from Europe, South America, and Asia, demonstrating its global competitiveness.

Strategic Focus Areas

N Venu, Managing Director & CEO of Hitachi Energy India Ltd., highlighted the company's strategic direction: "India's ongoing efforts to integrate renewables, coupled with growth in data centers and AI, the increasing electrification needs of industry and transport continue to drive grid infrastructure development in the country. As one of the fastest growing large economies in the world, India needs to persist with deploying state-of-the-art technologies at speed and scale as it powers ahead to inspire the next era of a sustainable energy future for all."

The company is focusing on:

1. Maintaining leadership in core segments such as Renewables, Utilities, HVDC, Industries, and Infrastructure.
2. Expanding into new segments like data centers.
3. Shifting focus to include Exports, Service, and Digital solutions.
4. Expanding at the edge of the grid, including Battery Energy Storage Systems (BESS).
5. Strengthening margin and cash focus while delivering on the largest-ever backlog.

Outlook

With India's power consumption growing by nearly 7% in March and the country achieving a significant milestone of 50% installed electricity capacity from non-fossil fuel sources, Hitachi Energy India is well-positioned to capitalize on the increasing demand for power grid infrastructure.

The company's record order book, strong financial performance, and strategic focus on high-growth segments indicate a positive outlook for the coming quarters, as it continues to play a crucial role in India's energy transition and infrastructure development.

Hitachi Energy India Limited , a global technology leader in power grids, has announced the appointment of Ms. Seema Siddiqui as Communications & Government Relations Manager and Senior Management Personnel, effective August 1, 2025. This strategic move comes as the company reports a robust financial performance for the first quarter of fiscal year 2026.

New Leadership in Communications

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved Siddiqui's appointment on July 30, 2025. She will serve as a member of the Country Management Committee, taking over from Ms. Manashwi Banerjee, who is transitioning to a new role within the Hitachi Energy group.

Siddiqui brings over 18 years of corporate communications experience to her new role. Her impressive career includes stints at major companies such as Microsoft, Schneider Electric, Dassault Systèmes, PwC, and ReNew. She holds a Master's degree in Applied Communication from Coventry University, United Kingdom.

Strong Financial Performance in Q1 FY26

Alongside this key appointment, Hitachi Energy India reported significant growth in its financial results for the quarter ended June 30, 2025:

The company's order book saw an exceptional increase, primarily driven by the large project win of the Bhadla-Fatehpur High Voltage Direct Current (HVDC) link. Additionally, Hitachi Energy India secured a bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers.

The order backlog reached a record INR 29,125.30 crore, providing strong revenue visibility for upcoming quarters. The company's service segment also performed well, with a 91% year-on-year order growth.

Operational Highlights

• Revenue growth of 15.30% year-on-year was attributed to effective order execution and improved operational efficiency.
• The company maintained a double-digit Operational EBITDA margin of 11.10%.
• Exports contributed 24.70% to orders (excluding HVDC orders) in Q1 FY26, with new orders received from Europe, South America, and Asia.

N Venu, Managing Director & CEO of Hitachi Energy India Ltd., commented on the results: "India's ongoing efforts to integrate renewables, coupled with growth in data centers and AI, the increasing electrification needs of industry and transport continue to drive grid infrastructure development in the country. As one of the fastest growing large economies in the world, India needs to persist with deploying state-of-the-art technologies at speed and scale as it powers ahead to inspire the next era of a sustainable energy future for all."

The company's strong performance and strategic appointment position Hitachi Energy India well for continued growth in the evolving energy sector, particularly as India focuses on strengthening its power grid infrastructure to meet growing consumption demands.