Hitachi Energy India Q1 FY27: Execution-led growth, BESS entry, and capacity build-out
Frequently Asked Questions
Revenue from operations was Rs 2,493.7 crore, operational EBITDA was Rs 399.9 crore (16.0% margin), PBT was Rs 389.5 crore, and PAT was Rs 294.2 crore.
Orders were Rs 5,096.5 crore, down 55.1% YoY because Q1 FY26 included a large HVDC order. The company also disclosed that orders excluding HVDC grew 26.1% YoY and 39.7% QoQ.
Order backlog (OBL) was Rs 32,222.1 crore as of Q1 FY27 end, up 10.6% YoY and 9.0% QoQ.
The company’s first BESS project is 165 MW/330 MWh in Andhra Pradesh. Management stated it provides an end-to-end, containerized and scalable solution excluding the battery cells, including design, automation, PCS, grid connection and software integration.
Management stated export contribution to revenues is around 25%, described as the current run rate.
The company started construction of a large power transformer factory in Karjan, Vadodara in June 2026, with an incremental investment of Rs 2,000 crore (stated as additional to Rs 2,000 crore announced in 2024). The completion target is December 2028.
The company reported 78% CO2 emissions reduction versus 2019 baseline, 100% renewable electricity achieved, 16% reduction in freshwater use, and more than 80% reduction in waste disposed to landfill/incineration. Female representation increased to 10% from 5.8%.
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