Hitachi Energy India Reports Strong Q4FY26 Results; PAT Jumps 79.7%, Recommends Rs 8 Dividend

On Tuesday, the Indian equity benchmarks traded lower during the afternoon session, with the benchmark Nifty 50 index declining 0.24 per cent to 23,974.55. Power infrastructure and energy equipment stocks remained in focus following quarterly earnings announcements. In this segment, Hitachi Energy India (POWERINDIA) share price were trading higher by 0.55 per cent at Rs 35,807.30 after the company announced strong Q4FY26 and FY26 financial results along with a Dividend recommendation and fresh capital expenditure approval.

Hitachi Energy India Q4FY26 Performance

Hitachi Energy India reported consolidated revenue from operations of Rs 2,754.1 crore during Q4FY26 as against Rs 1,883.7 crore reported in Q4FY25, registering a growth of around 46.2 per cent YoY.

Operational EBITDA surged 92 per cent YoY to Rs 452.4 crore during the quarter compared to Rs 235.6 crore reported in the year-ago period. EBITDA margin improved to 16.4 per cent during Q4FY26 from 12.5 per cent in Q4FY25, while PAT margin expanded to 12 per cent from 9.8 per cent.

Profit before Tax (PBT) for the quarter stood at Rs 443.4 crore compared to Rs 246.7 crore reported in the corresponding quarter previous year, reflecting a rise of around 79.7 per cent YoY. Profit after tax (PAT) came in at Rs 330.5 crore during Q4FY26 as against Rs 183.9 crore reported in Q4FY25, marking a growth of around 79.7 per cent YoY.

Hitachi Energy India FY26 Performance

For the financial year ended March 31, 2026, Hitachi Energy India reported revenue from operations of Rs 8,147.7 crore compared to Rs 6,384.9 crore reported in FY25, registering a growth of around 27.6 per cent YoY.

Operational EBITDA for FY26 stood at Rs 1,252.6 crore, up 111.5 per cent from Rs 592.2 crore reported in FY25. EBITDA margin improved to 15.4 per cent from 9.3 per cent.

Profit before tax during FY26 stood at Rs 1,320.9 crore as against Rs 516.4 crore reported in FY25, reflecting a sharp growth of around 155.8 per cent YoY. Profit after tax for FY26 came in at Rs 987.8 crore compared to Rs 384.1 crore reported in the previous financial year, registering a rise of around 157.2 per cent YoY.

Order Book And Project Updates

Order inflow during Q4FY26 increased 10.6 per cent YoY to Rs 2,422.5 crore. The company’s order backlog reached a record Rs 29,555.3 crore as of March 31, 2026, reflecting a growth of around 53.5 per cent compared to the previous year. Total orders received during FY26 stood at Rs 18,456.5 crore. During the quarter, Hitachi Energy India commissioned India’s first HVDC city center infeed project in Mumbai.

Dividend And Capex Announcement

The Board of Directors recommended a final dividend of Rs 8 per equity share of face value Rs 2 each for FY26, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM).

The Board also approved an additional capital expenditure investment of Rs 2,000 crore for expansion projects, including establishment of a greenfield large power Transformers manufacturing facility in Karjan, Vadodara, Gujarat.

With this approval, the company’s cumulative planned capital expenditure now stands at Rs 4,000 crore including previously announced investments.

Management Commentary

Commenting on the quarterly performance, N Venu, Managing Director & CEO of Hitachi Energy India Ltd, said: “The Q4 and full-year results reiterate the Company’s commitment to enhance its overall efficiency across all spheres of work, along with a sharp focus on improving customer experience through robust project implementation. A strong order backlog and long-term planning have sustained the Company’s growth momentum even amid the volatile geopolitical landscape.”

Stock Performance

Hitachi Energy India Ltd (POWERINDIA) shares were trading at Rs 35,807.30 during Tuesday’s session, up 0.55 per cent from the previous close.

The stock has delivered returns of around 109.29 per cent over the past one year, 225.12 per cent over two years and 851.21 per cent over three years. The stock’s 52-week high and low stood at Rs 36,443.50 and Rs 16,225.35, respectively.

About Hitachi Energy India

Hitachi Energy India Ltd is the Indian subsidiary of Zurich-headquartered Hitachi Energy Ltd and operates across power technologies, grid infrastructure and digital energy solutions.

The company’s portfolio includes transformers, high-voltage equipment, HVDC systems, grid automation and power quality solutions catering to utilities, renewable energy, industries, transportation and infrastructure sectors. Hitachi Energy India operates 19 manufacturing facilities across eight locations in India.

What are your views on Hitachi Energy India’s strong order backlog and expansion plans in India’s power infrastructure sector? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.