Hitachi Energy India (POWERINDIA) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 saw robust order inflows, strong revenue growth, and record order backlog, driven by electrification trends, energy transition opportunities, and disciplined execution.

• Achieved strong YoY growth in revenue (up 68.6%), PBT (up 120.2%), and PAT (up 123.5%) in Q1FY27 compared to Q1FY26.

• Major project wins in renewables, data centers, industries, and exports, including the first BESS project and a 2 GW wind power evacuation order for Europe.

• Strategic investments include construction of a new manufacturing facility in Karjan, Vadodara, to support capacity expansion and supply chain capabilities.

• Continued focus on operational excellence, safety, and ESG, with progress in water usage, emissions, renewable electricity, and gender diversity.

Financial highlights

• Orders for Q1 FY 2027 reached INR 5,096.5 crore, up 26.1% YoY (excluding HVDC), and revenue was INR 2,493.7 crore, up 68.6% YoY.

• Profit before tax grew 120.2% YoY to INR 389.5 crore (15.6% margin); profit after tax margin rose to 11.8% from 8.9%.

• Operational EBITDA was INR 399.9 crore (16% margin), up from 11.5% YoY, despite an unrealized FX loss of INR 36.37 crore.

• Highest ever order backlog at INR 32,242 crore, providing strong revenue visibility.

• Basic and diluted EPS for the quarter at Rs 65.99 and Rs 74.14, respectively.

Outlook and guidance

• Strong order backlog ensures revenue visibility for coming quarters, with focus on execution, profitable growth, and value delivery.

• Growth opportunities expected in AI data centers, smart grids, BESS, and EV infrastructure, supported by India's 900 GW non-fossil fuel target by FY36.

• Investments in people, technology, and manufacturing capacity to support long-term sustainable growth.

• Plans to convert strong backlog into revenue and margin growth, with continued capacity expansion and operational excellence.

• Geopolitical tensions and macroeconomic uncertainties remain key risks.