Hitachi Energy India (POWERINDIA) Q4 24/25 earnings summary

Executive summary

• Achieved record order backlog of INR 19,245.9 crore as of March 31, 2025, reflecting sustained growth momentum and robust demand across core segments, including major wins in transmission, renewables, rail, and ports.

• FY 2024-2025 marked the company's 75th year in India, with significant milestones such as the first QIP raising INR 2,520.82 crore and the launch of India's first Variable Shunt Reactor.

• Focused on operational efficiency, safety, sustainability, and digitalization to drive long-term growth and value creation.

• Expanded manufacturing capacity and launched a new service business unit from April 1, 2025, to drive lifecycle solutions and growth.

• Board recommended a final dividend of ₹6 per share (300% of face value), subject to shareholder approval.

Financial highlights

• FY25 orders surged 228% year-on-year to INR 18,173.8 crore; order backlog at year-end was INR 19,245.9 crore, ensuring strong revenue visibility.

• Q4 FY25 orders grew 56% year-on-year to INR 2,190.9 crore; revenue up 13.1% year-on-year to INR 1,921.9 crore.

• FY25 revenue rose 23% year-on-year to INR 6,475.4 crore; Q4FY25 PBT was INR 246.7 crore, up 62.1% year-on-year; full-year PBT was INR 516.4 crore, up 133%.

• FY25 PAT surged 134% year-on-year to INR 384 crore; Q4 PAT up 61.8% to INR 183.9 crore.

• Operating EBITDA margin improved to 12.3% in Q4FY25; full-year operational EBITDA was INR 592.3 crore, up 69% year-on-year.

Outlook and guidance

• Strong revenue visibility for upcoming quarters due to robust order backlog and continued growth driven by electrification, renewable energy expansion, and grid modernization.

• Focus on maintaining leadership in core segments and expanding into high-growth areas like data centers, BESS, and energy storage.

• Double-digit margin guidance maintained for FY 2026, with expectations of margin improvement over time.

• CapEx to increase to INR 400-500 crore per year over the next four to five years, targeting INR 2,000 crore total investment.

• Service business unit launched from April 2025 to support lifecycle needs of expanding grid infrastructure.