Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Policy Amendment
Audit Opinion:
Clean Limited Review Report - No material misstatements found. The review was conducted by S.R. Batliboi & Associates LLP (Firm registration number: 101049W/E300004) and concluded on August 07, 2026.
Key Financial Highlights [Amount in ₹ Crores]:
Standalone Results:
Revenue from Operations: ₹2,493.69 (Q1 FY27) vs ₹1,478.90 (Q1 FY26) - 68.6% YoY increase
Total Income: ₹2,551.43 (Q1 FY27) vs ₹1,529.84 (Q1 FY26)
Net Profit: ₹294.15 (Q1 FY27) vs ₹131.60 (Q1 FY26) - 123.5% YoY increase
EPS (Basic & Diluted): ₹65.99 (Q1 FY27) vs ₹29.53 (Q1 FY26)
Quarterly Comparison:
Revenue from Operations: Q1 FY27 ₹2,493.69 vs Q4 FY26 ₹2,754.05 (Previous quarter)
Net Profit: Q1 FY27 ₹294.15 vs Q4 FY26 ₹330.46 (Previous quarter)
Operational EBITDA:
Q1 FY27: ₹399.9 crore (16.0% margin)
Q1 FY26: ₹170.2 crore (11.5% margin)
135.0% YoY increase
Expense Breakdown:
Cost of raw materials and components: ₹1,613.82
Employee benefits expense: ₹162.04
Depreciation and amortization: ₹28.46
Finance costs: ₹3.28
Loss on fair valuation of derivatives and exchange difference (net): ₹59.97
Tax Expenses:
Total tax: ₹95.36 crore
Current tax: Not separately specified
Deferred tax credit: ₹(19.57)
Segment-wise Performance:
The company operates as one segment - "Power Grids" as the Chief Operating Decision Maker reviews business performance at an overall company level. Segment-wise disclosure is not applicable.
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced in this meeting.
Other Significant Information:
Orders Performance:
Q1 FY27 orders: ₹5,096.5 crore, up 26.1% YoY (excluding HVDC orders in respective quarters)
Order backlog: ₹32,222.1 crore (highest ever)
Export orders accounted for 33.6% of total orders (without HVDC)
Major Milestone:
Secured first BESS order for 165 MW / 330 MWh BESS project in Andhra Pradesh
Manufacturing Expansion:
Began construction of 20th manufacturing unit at Karjan, Vadodara in June 2026
Capital Raise History:
During Q4 FY25, the company raised approximately ₹2,520.82 Crores through QIP issue of 21,90,688 Equity Shares at issue price of ₹11,507 per share
As of June 30, 2026, unutilized amount: ₹1,841.66 Crores, of which ₹1,755.00 Crores kept as deposit with banks
Exceptional Items:
Previous year (FY26) included exceptional item of ₹54.24 Crores related to Impact of Labour Codes on gratuity and leave liabilities
No exceptional items in current quarter
Entities:
The financial results represent standalone performance of Hitachi Energy India Limited with no consolidated entities.