Hitachi Energy India’s shares rose by nearly 12% after the company announced strong financial results for the second quarter ending September 30, 2026. The heavy electrical equipment firm reported a 20.5% year-on-year increase in profit after tax (PAT), reaching ₹318.49 crore compared to ₹264.36 crore in the same period last year.
- Profit after tax increased 20.5% year-on-year to ₹318.49 crore.
- EBITDA grew 69.5% year-on-year to ₹494.4 crore with a margin expansion to 16.5%.
- Orders surged 85.9% year-on-year to ₹4,120.8 crore.
- Order backlog reached a record ₹33,335.4 crore.
- Strong electricity generation growth in India supported business expansion.
- Shares rose 11.79% to ₹31,910 on the National Stock Exchange.
What were the key financial highlights for Hitachi Energy India in Q2 FY27?
Hitachi Energy India’s profit after tax rose to ₹318.49 crore in Q2 FY27, up 20.5% from ₹264.36 crore in the same quarter of the previous year. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased significantly by 69.5% year-on-year to ₹494.4 crore. This improvement also led to an expansion in the EBITDA margin by 60 basis points, reaching 16.5%, compared to 15.9% in Q2 FY26. These results reflect better execution and strong operational efficiency.
How did orders and backlog perform during the quarter?
Orders for Hitachi Energy India soared by 85.9% year-on-year to ₹4,120.8 crore in the quarter ended September 30, 2026. This was a substantial increase from ₹2,217.1 crore in the same period last year. Additionally, the company reported its highest-ever order backlog of ₹33,335.4 crore, indicating strong future revenue potential.
What factors contributed to the company’s growth?
The growth in revenue, orders, and backlog was supported by several factors. India’s electricity generation increased by 11% year-on-year to 536 billion units in Q2 FY27, creating demand for electrical equipment. Hitachi Energy India’s capabilities in high-voltage direct current (HVDC) technology, plug-and-play solutions for data centres, and battery energy storage systems (BESS) also contributed to its competitive advantage. The company’s focus on localisation and the execution of its parent company’s technology developments in India further strengthened its position.
What are the company’s prospects and market performance?
Analysts highlighted that Hitachi Energy India’s capacity expansion plans through 2027-28 and a targeted export mix of 25-30% could enhance medium-term growth. Export operations typically yield margins 300-400 basis points higher than domestic business, although premium valuations may limit re-rating potential. On November 13, 2026, shares traded at ₹31,910 on the National Stock Exchange, up 11.79%. Since the start of the year, the stock has gained 73%, with a 52-week high of ₹38,785 and a low of ₹16,111.
Frequently Asked Questions
Q: What was Hitachi Energy India’s profit after tax in Q2 FY27?
A: The company reported a profit after tax of ₹318.49 crore, a 20.5% increase year-on-year.
Q: How much did Hitachi Energy India’s orders increase in Q2 FY27?
A: Orders rose 85.9% year-on-year to ₹4,120.8 crore.
Q: What factors are driving Hitachi Energy India’s growth?
A: Growth is driven by increased electricity generation in India, advanced HVDC technology, plug-and-play data centre solutions, battery energy storage systems, and localisation efforts.
Q: How did the stock market react to Hitachi Energy India’s Q2 results?
A: Shares jumped nearly 12% to ₹31,910 on the National Stock Exchange following the earnings announcement.
