Hitachi Energy India Q3 Results: Profit jumps 90% YoY as orders surge; margin expand sharply

Hitachi Energy India delivered a robust performance in the December quarter, riding sustained growth momentum, strong execution and a healthy order pipeline.

Net profit surged 90.3% year-on-year to ₹261.4 crore, while revenue rose 28.5% to ₹2,082.2 crore. EBITDA more than doubled to ₹345.3 crore, lifting margins to 16.6% from 10.3% a year ago.

Orders and backlog

Order inflows during the quarter stood at ₹2,477.6 crore, up 73.7% YoY after excluding a large base effect last year. Demand was led by transformers, reactors, gas-insulated and air-insulated switchgear, with data centres and renewables emerging as key growth drivers.

Exports accounted for 29.8% of total orders, supported by demand from Southeast Asia and Southern Africa. The order backlog rose to ₹29,872.2 crore, providing strong revenue visibility.

Outlook

Management highlighted accelerating electrification, AI-driven power demand and grid expansion as long-term growth drivers. Analysts also see the EU–India FTA strengthening clean-energy collaboration, creating export and investment opportunities for Indian energy companies.

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Ahead of results, shares of Hitachi Energy India closed at ₹19,194.10 on the BSE, up 0.85%.