Hitachi Energy India Ltd (NSE:POWERINDIA)

Q1 2027 Hitachi Energy India Ltd Earnings Call Transcript

Aug 7, 2026 / 12:00 PM GMT

Release Date Price: ₹32600 (+2.19%)

Transcript

Key Points

Positve

Hitachi Energy India Ltd (BOM:543187) reported a robust 26.5% year-on-year growth in order intake (excluding HVDC), reaching INR 5,096.5 crore, driven by strong demand across renewables, data centers, and industries.
The company achieved a record order backlog of INR 32,222.1 crore, providing strong revenue visibility for the coming quarters.
Revenue from operations grew by 68% year-on-year to INR 2,493 crore, with profit after tax margin expanding to 11.8% from 8.9% in the prior year.
The company secured its first battery energy storage system (BESS) project, a 165 MW/330 MWh order, marking a strategic entry into a new high-growth segment.
Hitachi Energy India Ltd (BOM:543187) began construction of its 20th manufacturing facility in Karjan, Vadodara, a fully digital smart factory, to support future capacity expansion and localization.
The company won multiple data center orders, including a notable 42.5 MVA project in Hyderabad, reflecting strong momentum in the emerging digital infrastructure sector.
Export contribution remained healthy at approximately 25% of revenues, with a significant European order for a 2 GW wind power evacuation project (worth ~INR 1,700 crore) secured during the quarter.

Negative

The company reported an unrealized foreign exchange loss of INR 36.37 crore during the quarter, which negatively impacted reported EBITDA and profit margins.
Gross margins contracted slightly on a year-on-year basis due to a shift in product mix, although management noted consistency with the full-year level.
Order intake in the transmission segment was temporarily weak due to timing issues, while railway and metro projects are facing delays, with pick-up expected only in the second half of the year.
The BESS business is still in its early stages, with margins expected to be lower initially until technology matures and localization efforts are completed.
Management acknowledged ongoing macroeconomic uncertainties, geopolitical crises, and elevated commodity prices as potential challenges to project execution and profitability.
The company faces potential competitive pressure from the recent government approval allowing four Chinese players to enter the market, though management downplayed the immediate impact.

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

HITN.NS - Hitachi Energy India Ltd
Q1 2027 Hitachi Energy India Ltd Earnings Call
Aug 07, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Hitachi Energy India Limited Q1 FY27 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 touch-tone phone. Please note, this conference is being recorded.

I now hand the conference over to Ms. Priyanka Bagat, Head, Investor Relations, Hitachi Energy India Limited. Thank you and over to you, ma'am.

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Unidentified_2 [2]
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