Low Debt Power Equipment Stock Reports 124% PAT Growth in Q1 FY27; Order Book Hits Record Rs 32,222 Crore

On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 65.35 points, or 0.27 per cent, to 24,570.65. Amid the weak market sentiment, Hitachi Energy India share price gained 2.19 per cent to Rs 32,600 after the company reported strong Q1 FY27 financial results, driven by robust order inflows and healthy execution across its businesses.

Hitachi Energy Q1 FY27 Financial Performance

Hitachi Energy India reported revenue from operations of Rs 2,493.69 crore in Q1 FY27, compared with Rs 1,478.90 crore in the corresponding quarter last year, registering a 68.6 per cent year-on-year growth. Total income increased 66.8 per cent YoY to Rs 2,551.43 crore from Rs 1,529.84 crore.

The company's profit before tax (PBT) surged 120.2 per cent YoY to Rs 389.51 crore from Rs 176.88 crore, while profit after tax (PAT) jumped 123.5 per cent to Rs 294.15 crore from Rs 131.60 crore. Basic earnings per share (EPS) improved to Rs 65.99 from Rs 29.53 in the year-ago quarter.

Order Book Reaches Record High

During the quarter, the company recorded orders worth Rs 5,096.5 crore, reflecting a 26.1 per cent year-on-year growth (excluding HVDC orders in the respective quarters). Hitachi Energy also secured its first Battery Energy Storage System (BESS) order for a 165 MW / 330 MWh project in Andhra Pradesh.

The company said its order backlog reached a record Rs 32,222.1 crore, providing strong revenue visibility for the coming quarters. Export orders accounted for 33.6 per cent of total orders (excluding HVDC), with contracts received from Europe, North America and South Asia for grid integration and power quality products.
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Management Commentary

Commenting on the results, N Venu, Managing Director & CEO of Hitachi Energy India Limited, said the company delivered an excellent start to FY27 with strong order and revenue growth, supported by robust market demand arising from India's energy transition. He added that the company has commenced construction of its 20th manufacturing unit at Karjan, Vadodara, to strengthen execution capabilities, enhance the domestic supply chain and support the country's growing energy infrastructure requirements under the "Make in India" initiative.

Hitachi Energy Outlook

The company expects strong opportunities across AI data centres, smart grids, battery energy storage systems (BESS), electric vehicle infrastructure and renewable energy, supported by India's target of achieving 900 GW of non-fossil fuel installed capacity by FY36.

About Hitachi Energy

Hitachi Energy India Ltd is a leading power technology company providing solutions across grid infrastructure, electrification, renewable integration, automation and digital energy systems. The company serves utilities, industries, transportation and data centre customers and is part of the global Hitachi Energy group.

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Disclaimer: The article is for informational purposes only and not investment advice.