Hitachi Energy
Hitachi Energy Q4 FY26 Results & Concall Highlights: Order Book ₹29,555.3 Cr
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Structural, multi-year growth expected driven by sustained demand for electrification, transmission, renewables, and data centers. Hitachi Energy India Limited anticipates multi-year growth driven by structural demand in renewables, data centers, transmission, and electrification sectors. - FY26 revenue grew 27.6% YoY to Rs.
From Hitachi Energy's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Structural, multi-year growth expected driven by sustained demand for electrification, transmission, renewables, and data centers.
- Domestic market pipeline remains robust with increased capacity to address growing needs.
- Expansion into high-growth areas like battery energy storage (~80 GW planned over 5-6 years) and data centers projected to contribute significantly.
- Export revenue targeted around 25-30% of total, focusing on allocated markets and feeder factory products.
- New greenfield large power transformer factory (Karjan, Vadodara) to be operational by Q4 2028, enhancing supply capability.
- Capacity expansion aims to double transformer manufacturing capacity to 30-40 GVA.
- Continuous growth expected from renewables, data centers, and industrial segments.
- HVDC project pipeline robust with 3-4 projects in next 2 years, combining LCC and VSC technologies.
- Focus on localization and technology adoption supports sustainable, scalable growth.
Profitability & Margins
See what Hitachi Energy said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Hitachi Energy India announced an additional capex of Rs. 2,000 Crores approved in Q4FY26.
- This includes establishing a greenfield large power transformer facility in Karjan, Vadodara, Gujarat.
- The new factory will manufacture large power transformers and HVDC converter transformers.
- The manufacturing at this new facility is expected to start by the last quarter of calendar year 2028.
- This Rs. 2,000 Crores is in addition to a previously announced capex program from October 2024.
- Total cumulative capex now stands close to Rs. 4,000 Crores.
- Capex is aimed at expanding manufacturing capacity to meet growing demand from renewables, transmission, and new sectors like data centers.
- Capacity is also being increased with additional lines in the Bangalore factory for power quality products due to rising demand.
- The investment is based on multiyear structural growth rather than short-term spikes.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Hitachi Energy said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Hitachi Energy India Limited reported a strong order backlog of ₹29,555.3 Crores as of FY26 end, reflecting a 53.6% YoY increase.
- The company achieved order intake of ₹18,456.5 Crores for FY26, with a 1.6% growth over the previous year.
- Q4FY26 order intake was ₹2,422.5 Crores, a 10.6% YoY growth.
- The pipeline includes at least 3 to 4 HVDC projects over the next 2 years.
- The demand outlook across transmission, renewables, data centers, and industrial sectors is robust, underpinning sustained order inflow.
- Focus remains on domestic market with substantial exports contributing around 25%-30% of revenue.
- Capacity expansions via greenfield projects like the large transformer facility at Karjan targeted for late 2028 to meet increasing order demand.
Hitachi Energy — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.8K Cr, net profit ₹330 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Hitachi Energy India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Hitachi Energy Q4 FY26 results?
Structural, multi-year growth expected driven by sustained demand for electrification, transmission, renewables, and data centers. Hitachi Energy India Limited anticipates multi-year growth driven by structural demand in renewables, data centers, transmission, and electrification sectors. - FY26 revenue grew 27.6% YoY to Rs.
What is Hitachi Energy share price analysis?
Hitachi Energy currently shows a neutral. The stock trades at a P/E of 133.6 with a market cap of ₹159,123 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hitachi Energy planning capital expenditure?
Hitachi Energy India announced an additional capex of Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.