Hitachi Energy India Q3 FY26 Profit Rises 90% YoY to ₹261 Crore; Order Backlog at Record ₹29,872 Crore
Hitachi Energy India Limited on Thursday reported a strong set of unaudited financial results for the third quarter ended December 31, 2025, reflecting higher revenues, margin expansion and robust order execution across key segments.
Strong year-on-year profit and revenue growth
The company reported net profit of ₹261.42 crore for Q3 FY26, marking a 90.3% year-on-year increase from ₹137.38 crore in Q3 FY25. Revenue from operations rose 29.6% YoY to ₹2,168.01 crore, compared with ₹1,672.38 crore in the corresponding quarter last year.
Profit before tax (PBT) before exceptional items stood at ₹402.02 crore, up 118.4% YoY. After exceptional items, PBT was ₹347.78 crore, reflecting 88.9% YoY growth. Operational EBITDA increased 100.4% YoY to ₹338.4 crore, while earnings per share for the quarter stood at ₹58.65.
Exceptional item related to labour code implementation
During the quarter, the company recognised an exceptional charge of ₹54.24 crore, arising from the incremental impact of new labour codes effective November 21, 2025. The impact primarily relates to increased gratuity and compensated absence liabilities.
Record order backlog supporting revenue visibility
As of December 31, 2025, Hitachi Energy India reported a record order backlog of ₹29,872.2 crore. Order inflows during Q3 FY26 were ₹2,477.6 crore, up 73.7% YoY, excluding a large order booked in Q3 FY25. Exports accounted for 29.8% of quarterly orders, while the service segment contributed 4.3% to the order book.
Margin expansion driven by operating leverage
The operational EBITDA margin improved to 15.6% in Q3 FY26 from 10.1% a year earlier. PBT margin before exceptional items stood at 18.5%, while net profit margin was reported at 12.1%, reflecting better cost absorption and execution efficiency.
Nine-month financial performance shows sharp improvement
For the nine months ended December 31, 2025, the company reported net profit of ₹657.38 crore, a 228% YoY increase. Revenue for the period rose 24% YoY to ₹5,603.64 crore. PBT before exceptional items increased 245% YoY to ₹931.81 crore, while operational EBITDA rose 124% YoY to ₹800.2 crore.
Key segments and export markets driving orders
Order inflows during the quarter were led by power, traction and dry-type transformers, and gas-insulated and air-insulated switchgear, with demand from renewable energy projects and data centres. Export orders were primarily from Southeast Asia and Southern Africa, serving utilities and data centre customers.
Capital position and qualified institutional placement details
The company had raised ₹2,520.82 crore through a qualified institutional placement in March 2025. As of December 31, 2025, ₹2,365.74 crore remained unutilised, with ₹2,260 crore placed in bank deposits for strategic investments and growth initiatives. Paid-up equity capital stood at ₹8.92 crore, with reserves of ₹147.49 crore.
Audit review and board meeting details
The unaudited financial results were reviewed by S.R. Batliboi & Associates LLP, Chartered Accountants. The board meeting approving the results commenced at 2:10 pm and concluded at 3:35 pm on February 5, 2026.
Outlook supported by electrification and energy transition
Hitachi Energy India stated that its record order backlog provides strong revenue visibility, while improving margins and exposure to grid expansion, renewable integration and data centre infrastructure position the company for sustained growth amid India’s electrification push and the global energy transition.
Frequently Asked Questions on Q3 FY26 Results
What was Hitachi Energy India’s net profit in Q3 FY26?
The company reported a net profit of ₹261.42 crore, up 90.3% YoY.
How much revenue was generated during the quarter?
Revenue from operations stood at ₹2,168.01 crore, reflecting 29.6% YoY growth.
What is the size of the current order backlog?
The order backlog reached a record ₹29,872.2 crore as of December 31, 2025.
What was the operational EBITDA margin in Q3 FY26?
The operational EBITDA margin improved to 15.6%.
What exceptional item impacted Q3 FY26 results?
An exceptional charge of ₹54.24 crore was recorded due to the implementation of new labour codes.
Source: BSE
