Hitachi Energy India Limited Earnings Summary — Q4 FY2024
Hitachi Energy India Achieves High Efficiency with Zero Debt and Record ROIC
Key Takeaways
- Hitachi Energy has maintained a zero-debt balance sheet while scaling operations significantly.
- The company reported a robust ROCE of 25.6%, indicating high capital efficiency in the heavy equipment sector.
- FII holding has surged from 3.48% to 11.68% as of March 2026, signaling rising global institutional confidence.
- Recent announcement of a 2,000 crore INR investment in a Vadodara factory signals massive capacity expansion.
- The order backlog has exceeded 7,000 Crores, providing strong revenue visibility for the coming years.
- The transition from the ABB brand to Hitachi Energy has been completed without loss of market share or momentum.
Management Guidance
Management is focused on the 'Grid-to-Plug' story, prioritizing green energy corridors and grid modernization projects in India.
Sentiment Shift
Improving
Significant institutional buying and record-high ROCE metrics indicate improving market sentiment and operational strength.
Outlook
The outlook is highly positive driven by India's energy transition goals and the company's leading position in High Voltage Direct Current (HVDC) technology.
From the Annual Report (Key Quotes)
“Hitachi Energy will invest about INR 2,000 crore for a new LPT factory in Vadodara, completion FY28.”
“The firm benefits from the massive electrification and renewable energy push in India.”
“ROCE remain healthy, reflecting an efficient conversion of equity into earnings.”
Earnings Call Transcript — Q4 FY2024
Open originalJune 01, 2026 HITACHI The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 543187 The Manager, Listing Department, National Stock Exchange of India Limited, ‘Exchange Plaza’, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Symbol: POWERINDIA Subject: Transcript of the conference call with Analysts/ Investors held on May 26, 2026 Dear Sir / Madam, Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the conference call that was organized with the Analysts/Investors on Tuesday, May 26, 2026 and the same can be accessed at: [https://www.hitachienergy.com/in/en/investor-relations/analyst-section](https://www.hitachienergy.com/in/en/investor-relations/analyst-section) Kindly take the same on your records. Thank you, Yours faithfully, For Hitachi Energy India Limited AMMATANDA | AMMATANDA | Digitally signed by AMMATANDA CHINNAPPA | | --- | --- | | CHINNAPPA | POOVANNA | | POOVANNA | Date: 2026.06.01 18:21:28 +05'30' | Digitally signed by AMMATANDA CHINNAPPA CHINNAPPA POOVANNA Poovanna Ammatanda Poovanna Ammatanda Hitachi Energy India Limited Registered and Corporate Office: Poovanna Ammatanda General Counsel and Company Secretary Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 General Counsel and Company Secretary Phone: 080 68473700 CIN: L31904KA2019PLC121597 Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in Encl.: as above hitachienergy.com/in * * * # Hitachi Energy India Limited Q4 FY26 Analyst Conference Call-May 26, 2026 MANAGEMENT: Mr. N Venu – Managing Director & CEO, Hitachi Energy India Limited Mr. Ajay Singh – Chief Financial Officer, Hitachi Energy India Limited Mr. Poovanna Ammatanda-General Counsel & Company Secretary, Hitachi Energy India Limited Ms. Priyanka Bhagat – Investor Relations, Hitachi Energy India Limited ## Page 1 of 18 * * * Ladies and gentlemen, good day, and welcome to Hitachi Energy India Limited Q4 FY26 Analyst Conference Call. As a reminder, all participant lines will be in the listen-only mode. And there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing ‘\*,’ then ‘0’ on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Priyanka Bhagat, IR team, Hitachi Energy India Limited. Thank you, and over to you. Priyanka Bhagat: Good afternoon, everyone. A warm welcome to all participants attending today's call. We are delighted to have you with us for the Q4FY26 Earnings Conference Call of Hitachi Energy India Limited. Before we proceed, I would like to remind everyone that certain statements made during this discussion may be forward-looking in nature. Actual results could differ materially due to various external factors. With that, I now invite Managing Director and CEO of Hitachi Energy India Limited, Mr. Venu, to take us through his insights on the results. Over to you, sir. N Venu: Thank you, Priyanka. Good morning, ladies and gentlemen. First, it's a pleasure to be here. And let me also once again introduce my colleague who recently joined Priyanka in Investor Relations. So, please get in touch with her at any time if you need any more information or anything else on our Company. We are happy to do that, to support you. And over the next 20 - 25 minutes I will walk you through our performance for the period ended March 31, 2026. As always, you may follow the presentation through the webcast or download it. We have just uploaded the same with the stock exchanges and our website. I'll continue to refer to the slide numbers for ease of reference …
Source: NSE — Latest Concall Transcript
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