Hitachi Energy India Limited delivered exceptional financial performance in Q3FY26, showcasing strong operational momentum across multiple business segments. The company's quarterly results, discussed during the analyst conference call held on February 05, 2026, highlighted significant growth in revenue and profitability.

Financial Performance Overview

The company's Q3FY26 financial metrics demonstrate robust growth across key parameters:

Order Intake and Backlog Performance

Hitachi Energy India maintained strong order momentum with base orders of Rs. 2,477.6 crores in Q3FY26. Excluding the HVDC order from the previous year, the company achieved remarkable 73% year-on-year growth and 11% quarter-on-quarter growth in order intake.

The order backlog reached an all-time high of Rs. 29,872 crores, providing strong revenue visibility for future quarters. Orders were diversified across utilities (47%), industries (43%), and other segments, with notable contributions from renewable energy, data centers, and industrial projects.

Margin Expansion and Operational Efficiency

The company demonstrated significant margin expansion with PBT margin before exceptional items reaching 18.5% compared to 11% in the previous year. Operational EBITDA margin improved to 15.6% from 10.1% year-on-year, reflecting enhanced operational efficiency and favorable product mix.

Material costs remained controlled at 58% of revenue, while the company benefited from commodity exchange gains of Rs. 24 crores and other income of Rs. 61 crores from QIP deposits.

Strategic Business Developments

Hitachi Energy India continues expanding its market presence across key growth segments. The company commissioned several significant projects including 220 kV GIS substations for data centers in Pune, 300 MW solar projects in Karnataka, and various industrial installations across India and Bhutan.

The company's export strategy targets 25-30% of revenues, currently achieving approximately 29-30% export contribution. Recent trade agreements, including the EU-India Free Trade Agreement and US-India trade deal, are expected to enhance export opportunities.

Nine-Month Performance

For the nine-month period (April-December), Hitachi Energy India maintained strong performance with revenue growth of 24% year-on-year, demonstrating consistent execution capabilities across its diversified portfolio.

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Hitachi Energy India Limited delivered exceptional financial performance in Q3, with both revenue and profitability showing robust year-on-year growth. The company's net profit significantly exceeded previous year figures and analyst estimates, while EBITDA margin reached 18.36%, demonstrating strong operational efficiency.

Financial Performance Overview

The company's Q3 results demonstrate substantial improvement across key financial metrics:

Profitability and Margins

Hitachi Energy India's net profit reached ₹2.60 billion in Q3, marking a remarkable 89.78% increase from ₹1.37 billion in the corresponding quarter last year. The company exceeded analyst estimates of ₹2.45 billion, demonstrating strong operational execution and market positioning.

The company's EBITDA more than doubled to ₹3.70 billion from ₹1.67 billion year-on-year, with the EBITDA margin improving significantly to 18.36% from 10.30% in the previous year, reinforcing operational strength and strategic agility.

Revenue Performance

Revenue for Q3 reached ₹20.80 billion compared to ₹16.20 billion in the corresponding period last year, representing solid 28.40% year-on-year growth. This growth was driven by robust demand in India and key international markets, expanded market share, and successful execution of strategic initiatives.

Market Outlook

The strong financial performance positions Hitachi Energy India well in India's evolving energy landscape, with increasing pace of electrification and growing demand from AI-ready data centers. The company's improved margins and revenue growth reflect its strategic position in the clean energy transition and infrastructure development sectors.