Hitachi Energy India Ltd (NSE:POWERINDIA)

Q3 2026 Hitachi Energy India Ltd Earnings Call Transcript

Feb 5, 2026 / 11:30 AM GMT

Release Date Price: ₹19199 (+0.82%)

Transcript

Key Points

Positve

Hitachi Energy India Ltd (BOM:543187) reported a strong order intake growth of 73% year-on-year, excluding the HVDC order, indicating robust demand.
The company achieved a significant improvement in safety metrics, with the total recordable injury frequency rate improving to 0.09, surpassing their target.
Sustainability initiatives are on track, with operations running on 100% renewable electricity and a 70% reduction in operational CO2 emissions ahead of targets.
The company has a strong order backlog of 29,872 crores, providing a solid foundation for future revenue growth.
Exports have increased to 29-30% of total inflows, surpassing the target of 25%, showcasing strong international demand for their products.

Negative

Gross margins saw a slight decline on a quarter-on-quarter basis, attributed to product mix variations.
There is a slow start in capital expenditure utilization, with only 155 crores used against a planned 700 crores for FY26.
The company faces potential challenges from inflationary pressures on commodity prices, although most contracts have price escalation clauses.
There is a noted decline in order intake from the rail and metro segments, attributed to project timing and previous strong performance.
Concerns were raised about potential delays in HVDC projects, although the company assured no penalties are expected.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HITN.NS - Hitachi Energy India Ltd
Q3 2026 Hitachi Energy India Ltd Earnings Call
Feb 05, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good evening and welcome to Hitachi Energy India Limited, Q3 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 the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

I now hand the conference over to Mr. N Vinnu, MD and CEO of Hitachi Energy India Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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