Hitachi Energy India (POWERINDIA) Q4 25/26 earnings summary

Executive summary

• Achieved strong growth in Q4 and FY 2026, with revenue up 46.2% YoY and PAT up 79.7% YoY, surpassing previous year KPIs across all metrics.

• Record order backlog of INR 29,555.3 crore as of March 31, 2026, up 53.6% YoY, ensuring revenue visibility.

• Successfully commissioned India's first city interstate HVDC project in Mumbai, highlighting execution capabilities.

• Maintained focus on operational efficiency, supply chain management, and sustainability, achieving 100% renewable energy in operations and significant CO2 emissions reduction.

• Board recommended a final dividend of INR 8 per share (400%), subject to AGM approval.

Financial highlights

• Q4 FY26 revenue: INR 2,754.1 crore (+46.2% YoY); Q4 PAT: INR 330.5 crore (+79.7% YoY); operational EBITDA margin: 16.4%.

• FY26 revenue: INR 8,147.7 crore (+27.6% YoY); FY26 PAT: INR 987.8 crore (+157.3% YoY); operational EBITDA margin: 15.4%.

• Q4 FY26 orders: INR 2,422.5 crore (+10.6% YoY); FY26 orders: INR 18,456.5 crore (+1.6% YoY).

• Order backlog at March 2026: INR 29,555.3 crore, up 53.6% YoY.

• Cash and cash equivalents at year-end: INR 4,689.17 crore, up from INR 3,806.55 crore last year.

Outlook and guidance

• Robust demand outlook driven by energy transition, grid expansion, and electrification, with strong pipeline in renewables, data centers, and transmission.

• Continued investment in technology, capacity, and people to support sustainable growth and maintain leadership in core and emerging segments.

• Strong order backlog provides revenue visibility for several quarters.