HE

Hitachi Energy India Ltd

Q2 FY27Electrical Equipment

Hitachi Energy India Q2 Results 2026 (FY27): Revenue ₹2,996.5 Cr, PAT ₹318.5 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Based on Hitachi Energy India Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹29,100
Market cap₹1.3L Cr
P/E108.9

The short version

Revenue from operations for Q2 FY27: Rs 2,996.5 Cr, up 63.5% year-on-year (YoY) from Rs 1,832.6 Cr in Q2 FY26 (Page 13, 14). Quarterly Operating EBITDA: Rs 494.4 Cr, up 69.5% YoY.

From Hitachi Energy India Ltd's Q2 FY27 earnings-call transcript · updated 12 Nov 2026.

How did Hitachi Energy India's revenue grow in the September 2026 quarter?

  • Revenue from operations for Q2 FY27: Rs 2,996.5 Cr, up 63.5% year-on-year (YoY) from Rs 1,832.6 Cr in Q2 FY26 (Page 13, 14).
  • Orders with HVDC for Q2 FY27: Rs 4,120.8 Cr, up 85.9% YoY from Rs 2,217.1 Cr in Q2 FY26 (Page 13, 7).
  • Orders without HVDC grew 85.9% YoY (Page 7).

2 more points from Hitachi Energy India Ltd's call on revenue

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What happened to Hitachi Energy India's margins in Q2 FY27?

See what Hitachi Energy India Ltd said on profitability & margins — free account, 30 seconds.

What capex is Hitachi Energy India planning?

  • Major capex and capacity expansions are underway, with most to be completed by 2028.
  • Key expansions include:
  • KARJAN: Greenfield large power transformer plant.
  • SAVLI: High Voltage factory expansion and GIS feeder factory.
  • MYSURU: Insulation factory expansion and ultra low carbon pressboard expansion.
  • HALOL: Dry bushing factory.
  • MANEJA: Power transformer factory expansion.
  • PEENYA: Grid automation, expansion, refurbishment, and localization.
  • CHENNAI: HVDC and power electronics expansion.

2 more points from Hitachi Energy India Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is Hitachi Energy India raising money or cutting debt?

See what Hitachi Energy India Ltd said on fundraising & capital structure — free account, 30 seconds.

How big is Hitachi Energy India's order book?

  • The order book (orders backlog) as of Q2FY27 stands at Rs 33,335.4 Crores, showing a 13.3% year-over-year growth and 3.5% quarter-over-quarter growth (Page 7).
  • Orders (with HVDC) for Q2FY27 were Rs 4,120.8 Crores, an 85.9% increase YoY but a 19.1% decline QoQ (Page 13 and 7).
  • Orders (without HVDC) grew 85.9% YoY and 21.8% QoQ in Q2FY27, with a 53.1% YoY increase for H1FY27 (Page 13 and 7).
  • Order mix includes major wins in transformers, substations, grid automation, data centers projects, and services (Page 7).

Hitachi Energy India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.8K Cr, net profit ₹330 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

More Q2 FY27 results in Electrical Equipment

All Q2 FY27 results | Electrical Equipment rankings

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  • Prostarm Info (Q2 FY27)

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Frequently Asked Questions

What were Hitachi Energy India Ltd Q2 FY27 results?

Revenue from operations for Q2 FY27: Rs 2,996.5 Cr, up 63.5% year-on-year (YoY) from Rs 1,832.6 Cr in Q2 FY26 (Page 13, 14). Quarterly Operating EBITDA: Rs 494.4 Cr, up 69.5% YoY.

What is Hitachi Energy India Ltd share price analysis?

Hitachi Energy India Ltd currently shows a neutral. The stock trades at a P/E of 108.9 with a market cap of ₹129,706 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hitachi Energy India Ltd planning capital expenditure?

Major capex and capacity expansions are underway, with most to be completed by 2028.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.