CAPITAL GOODS · NSE/BSE: POWERINDIA

Hitachi Energy India Limited Earnings Summary — Q4 FY2024

Sentiment: Positive
AI-generated summary
Generated 2026-06-23

Hitachi Energy India Achieves High Efficiency with Zero Debt and Record ROIC

Net Profit
₹268 Cr
YoY 31.37%
QoQ null
Prior: ₹204 Cr
Revenue
₹5246 Cr
YoY 17.41%
QoQ null
Prior: ₹4468 Cr
Operating Margin
8.43%
YoY 5.77%
QoQ null
Prior: 7.97%
Dividend Yield
null
YoY null
QoQ null
Prior: null
Net Debt / Equity
0.00
YoY 0.00
QoQ null
Prior: 0.00

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.

Efficient
Expansionary
Debt-Free

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 original
June 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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This summary is AI-generated from Hitachi Energy India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.

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