India · Delayed Price · Currency is INR Hitachi Energy India Earnings Call Transcripts
Fiscal Year 2026
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Q4 and FY 2026 saw robust revenue and profit growth, with a record order backlog and strong export performance. Major CapEx will nearly double transformer capacity, supporting multi-year growth in renewables, data centers, and transmission.
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Q3 FY26 saw robust growth in orders, revenue, and profit, with a record order backlog and strong performance across renewables, industry, and data centers. Margins improved, CapEx is ramping up, and exports now exceed 29% of inflows.
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Q2 FY 2026 saw robust growth in orders, revenue, and profitability, with a record order backlog and strong export momentum. Operational efficiency improved margins, CapEx projects are on track, and double-digit EBITDA margin guidance is reaffirmed.
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Record Q1 order intake and backlog drove strong revenue and profit growth, with robust performance in transmission, rail, and data center segments. Operational efficiency, capacity expansion, and a healthy export pipeline support a positive outlook, despite some margin pressures and global uncertainties.
Fiscal Year 2025
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Record order backlog and robust financial growth marked FY 2024-2025, with strong performance in transmission and renewables, improved margins, and a significant QIP fundraise. Strategic investments and a new service unit position the company for continued expansion and margin improvement.
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Record quarterly order intake and backlog, driven by a major HVDC order, propelled revenue and profit to multi-year highs. Operational efficiency gains, a debt-free balance sheet, and robust growth in industrial and data center segments support a positive outlook.
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Record order backlog and robust revenue growth driven by renewables, data centers, and transmission. Margins improved, with double-digit guidance maintained and strong order visibility for the next 26 months. Operational cash flow was negative due to timing of large project payouts.
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Record order intake and backlog were achieved, with strong growth in transmission and renewables. Revenue rose 27% year-on-year, while profits nearly tripled, though margins remain a focus. Exports and services are growing, and significant investments support future growth.