Hitachi Energy India Q4 PAT Surges 80% YoY

FY26 ESG Achievements:

CO2 Emissions: 74% reduction achieved from 2019 baseline through biofuel boiler, electrical retrofits, and renewable PPAs
Renewable Electricity: 100% achieved in operations via rooftop solar, PPA and I-RECs
Water: 11% reduction achieved through recycling and efficient fixtures; Halol facility received Water Positive Index Certificate
Waste: 82% reduction achieved with 99% recycling; Halol & Mysore achieved Zero Waste to Landfill – Platinum certification
Safety: Zero fatalities with extensive HSE training programs
Diversity: Female representation reached 10% (target: 16-18%)
Corruption: Zero incidents of integrity

ESG Ratings:

Q4 FY26 Results (₹ Crores):

Orders: ₹2,422.5 (10.6% YoY growth, -2.2% QoQ)
Revenue: ₹2,754.1 (46.2% YoY growth, 32.3% QoQ)
PBT (before exceptional items): ₹443.4 (79.7% YoY growth, 10.3% QoQ)
PBT (after exceptional items): ₹443.4 (79.7% YoY growth, 27.5% QoQ)
PAT: ₹330.5 (79.7% YoY growth, 26.4% QoQ)
Operational EBITDA: ₹452.4 (92.0% YoY growth, 33.7% QoQ)
Operational EBITDA Margin: 16.4%

Full Year FY26 Results (₹ Crores):

Expense Analysis (Q4 FY26):

Material costs: ₹1,738.1 Cr (63.1% of revenue)
Personnel expenses: ₹174.1 Cr (6.3% of revenue)
Other expenses: ₹394.1 Cr (14.3% of revenue)
Exchange & commodity loss: ₹31.5 Cr (1.1% of revenue)
Depreciation: ₹26.9 Cr (1.0% of revenue)
Finance costs: ₹3.4 Cr (0.1% of revenue)

Tax Expense:

Q4 FY26 Order Examples:

Industries: Control & protection upgrade using MACH, 400/200 KV AIS in Karnataka
Data Centers: 3X 220kV AIS Transformers Bay extension for leading data center at Hyderabad
Utility: 72.5 KV DS for giant IT company at USA
Renewables: 90 X 3150 kVA dry type transformer from leading renewable company at West India; 3 X 110 MVA, 400 kV & 1 X 85 MVA, 66 kV transformer for Solar park in Angola
Transport: 70 units traction transformers for metro rail in South and 80 transformer for metro rail in western India

Recent Commissioning Highlights:

Mumbai city infeed HVDC 1000MW VSC Project: Design, engineering, supply, erection and commissioning of HVDC converter stations at Aarey and Kudus for +/- 320 KV 1x1000 MW Voltage Source Converter based HVDC project
Transformer for utility at Ramgarh and Bhiwani: 500 MVA, 765/400/33 kV ICTs commissioned
Renewable Substation at Shiv Barmer Rajasthan
Transformer at Jamnagar for leading O&G company: 174 MVA, 220/33 kV Power commissioned

Participation in Key Events:

India Energy Week 2026: Hosted pre-summit event on "AI and Electric Energy: Complementing for a Sustainable and Resilient Future"
NAMTECH roundtable on "AI for Manufacturing Engineering & Technology"
AI Impact Summit
Bharat Electricity Summit
Hosted key ministers, regulators, and global leaders at Hitachi Energy pavilion inaugurated by Union Minister Sh. Manohar Lal

Expansion Announcement:

Additional capex of ₹2,000 Cr to set up greenfield large power transformer facility in Karjan, Vadodara, Gujarat
Cumulative capex now totals ₹4,000 Cr (includes ₹2,000 Cr announced in October 2024)

Market Focus:

Maintain leadership in core segments: Renewables, Utilities, HVDC, Industries and Infrastructure
Harness new segments: data centers, BESS and expand at the edge
Focus on exports, service and digital

Operational Focus:

Functional Focus: