According to reports from Business Standard, Hitachi Energy India delivered strong second-quarter results for FY27. The company reported a 21% year-on-year increase in standalone net profit to ₹318.5 crore, compared with ₹264.4 crore in the corresponding quarter last year. Revenue from operations surged 63.5% YoY to ₹2,996.5 crore in Q2FY27, from ₹1,832.6 crore a year ago. The significant growth was attributed to sustained focus on operational efficiency and ensuring timely order execution, as stated in the company's statement. The company's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹494.4 crore in the quarter ended September 30, 2026, registering a growth of 69.5% YoY from ₹291.6 crore in the year-ago period. EBITDA margin expanded by 60 basis points YoY to 16.5% for the reporting period, in contrast to 15.9% in Q2 FY26, driven by better execution and strong operational excellence.
As reported by Business Standard, the company achieved exceptional order growth during the quarter, with orders jumping 85.9% to ₹4,120.8 crore in Q2FY27 from ₹2,217.1 crore a year ago. Transmission orders from utilities for power transformers, STATCOM, cooling systems, air-insulated switchgear (AIS) and gas-insulated switchgear (GIS) spearheaded the order book. In terms of segment-wise order breakup, transmission led the pack, followed by data centres. Exports continued to contribute significantly, registering 41% YoY growth in Q2FY27 and 184% growth in the first half of FY27. The company secured export orders from Asia, Africa, the Middle East, Europe and the US during the quarter. The growth in revenue, orders, and order backlog was supported by strong tailwinds, including India's electricity generation in Q2 FY27, which was 536 billion units (BU), up 11% YoY.
According to Business Standard, the services business also gained momentum, with orders rising 77% YoY in Q2FY27 and 36% in H1FY27. Major orders came from utilities, industrial customers and EPC companies for GIS augmentation and extension, substation extension and other services. The strong order inflows were reflected in the company's order backlog, which stood at a record ₹33,335.4 crore as of September 2026, providing revenue visibility for several quarters.
As per Business Standard, shares of Hitachi Energy India closed at ₹28,545 per unit, down 1.91% on the National Stock Exchange (NSE) on Thursday, November 12. However, the results were declared after the market closed. The company has a total market capitalisation of ₹1.27 lakh crore as of November 12, 2026, according to data on the NSE. The mixed market reaction despite strong quarterly performance reflects broader market dynamics and investor sentiment toward the energy sector.
