Hitachi Energy India posts sharp profit growth in Q3 FY26

Hitachi Energy India Limited announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a strong year on year rise in profit. The company said higher execution levels, sustained demand across key segments, and a record order backlog supported the performance.

For the quarter, net profit rose 90.3% to Rs 261.42 crore from Rs 137.38 crore a year earlier. Revenue from operations increased 29.6% to Rs 2,168.01 crore. Profit before tax before exceptional items grew 118.4% to Rs 402.02 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) doubled year on year to Rs 338.4 crore, with margins at 15.6%. An exceptional item of Rs 54.24 crore linked to the implementation of new labour codes effective November 21, 2025, impacted results, resulting in post exceptional profit before tax (PBT) of Rs 347.78 crore.

For the nine month period from April to December 2025, net profit increased 228% to Rs 657.38 crore. Revenue for the period rose 24% to Rs 5,603.64 crore. EBITDA for the nine months grew 124% to Rs 800.2 crore, reflecting improved operating performance.

Order inflows during the quarter stood at Rs 2,477.6 crore, marking a 73.7% year on year increase after adjusting for a large order booked in the same period last year. The company said demand was led by transformers, reactors, and gas insulated switchgear, with notable contributions from data centres and renewable energy projects. Exports accounted for 29.8% of quarterly orders, while service orders contributed 4.3%. The order backlog as of December 31, 2025, was reported at Rs 29,872.2 crore.

Commenting on the results, Managing Director and Chief Executive Officer (CEO) N Venu said growth was supported by rising electrification needs and increasing power demand from artificial intelligence driven applications. He added that the company continues to play a role in supporting India’s energy transition, including the target of per capita electricity consumption of 2,000 kWh by 2030.

The company also noted that the recently concluded EU India Free Trade Agreement is expected to enhance clean energy cooperation. According to Hitachi Energy India, the agreement could create additional opportunities in renewable energy and green hydrogen through greater technology collaboration and investment flows.

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