Hitachi Energy India Limited Earnings Summary — Q1 FY2027
Hitachi Energy India Achieves Record Revenue Growth and Historical Order Backlog
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 9.5% sequentially in Q1 FY2027.
- Revenue of ₹2,494 Cr is 68.6% higher year-on-year.
- Revenue has compounded at 18.7% annualised over the last 10 quarters.
- Net profit of ₹294 Cr is 123.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 52.6% annualised across the period.
- Operating margin stands at 14.6% in Q1 FY2027.
- Operating margin expanded by 411 bps year-on-year.
- Over the last two years operating margin has expanded by 1097 bps.
- PBT margin is 15.6%.
- Expense growth of 60.9% remained below revenue growth of 68.6%.
- Operating profit of ₹364 Cr is 134.7% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 76/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 2,494 | 2,754 | 2,082 | 1,833 | 1,479 | 1,884 | 1,620 | 1,554 | 1,327 | 1,695 |
| Expenses | Improving | 2,130 | 2,338 | 1,737 | 1,534 | 1,324 | 1,646 | 1,453 | 1,444 | 1,279 | 1,513 |
| Operating Profit | Volatile | 364 | 416 | 345 | 299 | 155 | 238 | 167 | 110 | 48 | 182 |
| Operating Margin | Improving | 14.6% | 15.1% | 16.6% | 16.3% | 10.5% | 12.6% | 10.3% | 7.1% | 3.6% | 10.7% |
| Other Income | Volatile | 58 | 57 | 32 | 83 | 51 | 38 | 52 | 0 | 0 | 4 |
| Interest | Softening | 3 | 3 | 3 | 3 | 4 | 6 | 12 | 16 | 11 | 11 |
| Depreciation | Stable | 28 | 27 | 27 | 26 | 25 | 23 | 23 | 23 | 22 | 23 |
| Profit Before Tax | Volatile | 390 | 443 | 348 | 353 | 177 | 247 | 184 | 71 | 15 | 152 |
| Tax | Volatile | 95 | 113 | 86 | 89 | 45 | 63 | 47 | 18 | 5 | 39 |
| Net Profit | Volatile | 294 | 330 | 261 | 264 | 132 | 184 | 137 | 52 | 10 | 114 |
| Net Margin | Volatile | 11.8% | 12.0% | 12.6% | 14.4% | 8.9% | 9.8% | 8.5% | 3.4% | 0.8% | 6.7% |
Key Takeaways
- Revenue surged 68.6% year-on-year to ₹2,493.7 crore, driven by strong and timely execution of the order backlog.
- Order backlog reached a record high of ₹32,222.1 crore, providing significant revenue visibility for several upcoming quarters.
- The company secured its first Battery Energy Storage System (BESS) order for a 165 MW / 330 MWh project in Andhra Pradesh.
- Exports contributed 33.6% of total orders (excluding HVDC) for the quarter, with demand from Europe, North America, and South Asia.
- Operating efficiency improvements led to a double-digit Operational EBITDA margin of 16.0% for the quarter.
- Began construction of the 20th manufacturing unit at Karjan, Vadodara, to strengthen execution capabilities and supply chain.
Management Guidance
Management is focused on emerging segments including AI data centers, smart grids, and electric vehicle infrastructure. The company plans an additional ₹2,000 crore investment to establish a greenfield large power transformer facility in Karjan to meet surging renewable and data center demand.
Sentiment Shift
Improving
The company has demonstrated a strong transition from a low-base to high-execution mode, evidenced by triple-digit profit growth and a historical peak in the order book.
Outlook
The outlook is robust supported by India's target of 900 GW non-fossil fuel capacity by FY36. Management expects continued momentum in energy storage and data centers, though notes geopolitical tensions as a potential risk to the global energy transition pace.
From the Annual Report (Key Quotes)
“The Q1FY27 indicates excellent overall performance, resulting in robust order and revenue growth.”
“The company's growth saga continues in the opening quarter of FY27, resulting in a highest ever order backlog of INR 32,222.1 crore.”
“India’s growing domestic power demand and structural advantages provide a significant opportunity for the energy sector.”
Official Quarterly Documents
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This summary is AI-generated from Hitachi Energy India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.