Hitachi Energy India Q2 Profit Rises 20.5% to Rs 318.49 Crore

Hitachi Energy India's net profit rose 20.5% year on year to Rs 318.49 crore in the July to September 2026 quarter (Q2 FY27), up from Rs 264.36 crore a year earlier. The Bengaluru-based power grid equipment maker announced the results on 12 November 2026, after its board approved them.

Revenue from operations rose about 63.5% to Rs 2,996.51 crore from Rs 1,832.55 crore. Profit grew more slowly than revenue, so the profit after tax margin fell to about 10.6% from about 14.4%. Orders rose 85.9% to Rs 4,120.8 crore, and the order backlog reached a record Rs 33,335.4 crore at the end of September 2026.

Hitachi Energy India Q2 FY27 at a glance

Why Hitachi Energy India's profit grew slower than its sales

Hitachi Energy India makes equipment for power grids, such as power transformers and switchgear, and reports a single business segment called Power Grids. Its revenue grew much faster than its profit this quarter. Profit before tax was about 14.4% of revenue, against about 19.3% a year earlier. Operational EBITDA, the company's own profit measure, rose 69.5% to Rs 494.4 crore, with a margin of 16.5% against 15.9% a year ago.

Compared with the April to June 2026 quarter, revenue rose about 20.2% from Rs 2,493.69 crore and net profit rose about 8.3% from Rs 294.15 crore. For the first half of FY27, revenue from operations rose about 65.8% to Rs 5,490.20 crore and net profit rose about 54.7% to Rs 612.64 crore.

Transmission and data centres led Hitachi Energy India's orders

The company said transmission led its orders in the quarter, followed by data centres. Export orders grew 41% year on year in Q2 FY27, and its service business grew 77%. Orders were lower than the Rs 5,096.5 crore booked in the June quarter. The company said its backlog provides revenue visibility for several quarters.

The company also pointed to demand in the power sector. It said India's electricity generation in Q2 FY27 was 536 billion units, up 11% year on year.

N Venu on Hitachi Energy India's new capacity and backlog

"At Hitachi Energy India Limited, we anticipate these underlying opportunities and have invested in new infrastructure and are strengthening our existing capabilities. These efforts reflect in our Q2FY27 results."

"Our growing order backlog is a testimony to this."

Where Hitachi Energy India stands after Q2 FY27

Hitachi Energy India ended the September quarter with net profit of Rs 318.49 crore on revenue of Rs 2,996.51 crore, both higher than a year ago. Its orders rose 85.9% to Rs 4,120.8 crore, and its order backlog stood at a record Rs 33,335.4 crore at the end of September 2026.

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