Hitachi Energy India Ltd (NSE:POWERINDIA)
₹ 33,510 -290 (-0.86%) Market Cap: 1.50 Tn Enterprise Value: 1.47 Tn PE Ratio: 129.77 PB Ratio: 28.84 GF Score: 79/100

Q4 2026 Hitachi Energy India Ltd Earnings Call Transcript

May 26, 2026 / 06:30AM GMT
Release Date Price: ₹35995 (+1.01%)

Key Points

Positve
  • Hitachi Energy India Ltd (BOM:543187) reported a record order backlog of INR29,555 crores as of March 31, 2026, providing strong revenue visibility for future quarters.
  • The company achieved a significant revenue growth of 46.2% year-on-year for the quarter, reaching INR2,751 crores.
  • Hitachi Energy India Ltd successfully commissioned India's first city in-feed project in Mumbai, showcasing its execution capabilities.
  • The company achieved 100% renewable energy in its operations and surpassed water reduction targets, highlighting its commitment to sustainability.
  • A strong operational performance was reflected in a profit before tax of INR443.4 crores and a profit after tax of INR330.5 crores for the quarter.
Negative
  • The geopolitical situation in the Middle East has triggered supply chain pressures, posing challenges for the company.
  • There was a temporary industry slowdown that the company had to navigate, impacting some segments.
  • The gross margins contracted on a sequential quarter-on-quarter basis due to product mix changes.
  • Despite a strong order backlog, the non-HVDC domestic order inflow was relatively flat year-on-year, indicating potential weakness in base orders.
  • The company faces challenges in managing elevated inflation and commodity prices, which could impact margins.
Operator

Ladies and Gentlemen, Good day and welcome to Hitachi Energy India Limited Q4 FY26 Analyst Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Priyanka Bhagat, IRT, Hitachi Energy India Limited. Thank you, and over to you.

Priyanka Bhagat;Nuguri Venu
Hitachi Energy India Ltd - Head of Investor Relations;Hitachi Energy India Ltd - Chief Executive Officer, Managing

Good afternoon, everyone. A warm welcome to all participants joining us today's call. We are delighted to have you with us for the Quarter 4 financial year '26 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.

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