Hitachi Energy India (POWERINDIA) Q4 2021 earnings summary

Executive summary

• Strong 15-month performance amid supply-chain and geopolitical headwinds; orders reached ₹4,548.1 crore and backlog stood at ₹4,672.3 crore.

• Period ran Jan 2021–Mar 2022, versus a 12-month Jan–Dec 2020 comparative; reported comparisons are not like-for-like.

Financial highlights

• Revenue from operations was ₹4,883.96 crore vs ₹3,420.44 crore; total income was ₹4,950.90 crore vs ₹3,438.94 crore.

• PBT before exceptional items was ₹240.74 crore; after exceptional items, PBT was ₹276.59 crore, including a ₹35.85 crore one-time reorganization-cost reimbursement.

• PAT rose to ₹203.40 crore from ₹99.80 crore; EPS was ₹47.99 vs ₹23.55.

• Operating cash flow was negative ₹126.69 crore vs positive ₹609.72 crore; investing cash outflow was ₹166.95 crore.

Outlook and guidance

• Growth priorities include renewables integration, HVDC, grid automation, rail, data centers, EV infrastructure, power quality, digital services and exports.

• Planned capacity additions include capacitor and power-quality manufacturing in Doddaballapur, HVDC localization in Chennai, and expanded traction-transformer capacity; investments funded from internal accruals.

• Management cited India’s energy-transition targets and rising electricity demand as long-term drivers; forward-looking results remain subject to economic, regulatory, climate and supply conditions.