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Hitachi Energy India (POWERINDIA) investor relations material
Hitachi Energy India Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Nov, 2025
Executive summary
Achieved strong operational and financial performance in Q2 FY 2026, with orders up 13.6% year-over-year to INR 2,217.1 crore and revenue up 23.3% to INR 1,915.2 crore, driven by robust execution, product mix, and export momentum.
Profit after tax surged over four-fold year-over-year to INR 264.4 crore, with operational EBITDA margin improving to 15.2% from 8.1% in the prior year.
Maintained highest-ever order backlog at INR 29,412.6 crore, ensuring strong revenue visibility for future quarters.
Maintained a focus on safety, sustainability, and ESG targets, with reductions in CO2 emissions, landfill waste, and progress in gender diversity.
India's energy sector growth and government reforms continue to provide a favorable market environment, with large investments in renewables and transmission.
Financial highlights
Q2FY26 revenue reached INR 1,915.2 crore (up 23.3% YoY); orders for the quarter were INR 2,217 crore (up 13.6% YoY); H1FY26 revenue totaled INR 3,435.6 crore.
Profit before tax was INR 352.9 crore (18.4% margin), and profit after tax was INR 264.4 crore (13.8% margin), both up nearly 4x year-over-year.
Operational EBITDA for Q2FY26 was INR 291.6 crore (15.2% margin), a 130.5% increase year-over-year.
Highest-ever order backlog at INR 29,412.6 crore, providing strong revenue visibility.
Exports contributed 30.4% of total orders; service orders grew 35% year-over-year.
Outlook and guidance
Focus remains on delivering the record order backlog, expanding capacity, and maintaining leadership in renewables, utilities, HVDC, and infrastructure.
CapEx projects are progressing on schedule, with INR 750 crore planned for FY 2026 and similar levels in subsequent years.
Double-digit EBITDA margin guidance reaffirmed, with expectations to sustain and improve margins year-over-year.
Export contribution expected to remain in the 25-30% range, with priority on domestic market growth.
Positive outlook supported by strong domestic demand, steady investments, and a resilient external sector.
Unutilized QIP funds: future deployment plans
How does grid integration shift impact strategy
Drivers of improved operating cash flow
CapEx ramp-up plan for FY26 and beyond
Data center and transmission segment outlook
Drivers for other expenses decline
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Next Hitachi Energy India earnings date
Q3 20262 Feb, 2026
Next Hitachi Energy India earnings date
Q3 20262 Feb, 2026
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Frequently asked questions
Hitachi Energy India Limited, formerly known as ABB Power Products and Systems India Limited, a part of ABB India Limited, operates in the electrical power industry, as well as transmission-grid development. The company supplies four-cycle generators for synchronous applications; three-phase and six-pole technology for asynchronous applications; and low-, medium-, or high-voltage switchgear. It also provides services, which include project engineering and turnkey supply of power generation projects, including hydro plants and thermal plants; site supervision during construction; and system installation, commissioning, and after-sales service. The company was incorporated in 2019 and is headquartered in Bengaluru, India.
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