Hitachi Energy India surges as Q2 PAT rises 21% YoY
Revenue from operations surged 63.5% year on year to Rs 2,996.5 crore from Rs 1,832.6 crore. Sequentially, revenue grew 20.2% from Rs 2,493.7 crore.
Profit before tax increased 22% year on year to Rs 430.4 crore from Rs 352.9 crore. Sequentially, PBT rose 10.5% from Rs 389.5 crore.
Operational EBITDA jumped 69.5% year on year to Rs 494.4 crore from Rs 291.6 crore. Its margin improved to 16.5% from 15.9% in the year-ago quarter and 16% in Q1 FY27.
Total expenses rose 67.9% to Rs 2,622.9 crore from Rs 1,562.2 crore. Material costs increased 75.5% to Rs 1,849.5 crore, while personnel expenses rose 19.9% to Rs 186.7 crore. Other expenses increased 53.9% to Rs 497.9 crore.
The company secured orders worth Rs 4,120.8 crore during the quarter, registering 85.9% year-on-year growth. However, orders declined 19.1% sequentially from Rs 5,096.5 crore. The order backlog stood at a record Rs 33,335.4 crore as of September 2026, providing revenue visibility for several quarters.
Transmission orders from utilities for power transformers, STATCOM, cooling systems, air-insulated switchgear and gas-insulated switchgear led order inflows. Data centres were another key contributor. Export orders grew 41% year on year during the quarter, while the service business recorded 77% growth.
The company said its export orders increased 184% during H1 FY27, while service business orders grew 36% year on year in the first half.
N Venu, managing director and chief executive officer of Hitachi Energy India, said order and revenue growth continued during the quarter, supported by disciplined execution. He added that investments in infrastructure and capabilities, along with operational efficiency, supported the company's growth momentum.
The company attributed the demand environment to rising electricity consumption, higher peak power demand and investments in transmission infrastructure. India's electricity generation reached 536 billion units in Q2 FY27, up 11% year on year, while peak demand met rose 18% to 270 GW.
Hitachi Energy India provides electrification and power grid technologies for utilities, industries, data centres and transportation. It is part of the global Hitachi Energy group, which operates in more than 140 countries.
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