Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hitachi Energy India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,334 | 1,040 | 1,228 | 1,274 | 1,695 | 1,327 | 1,554 | 1,620 | 1,884 | 1,479 | 1,833 | 2,082 | 2,754 |
| Expenses + | 1,239 | 1,006 | 1,163 | 1,206 | 1,513 | 1,279 | 1,444 | 1,453 | 1,646 | 1,324 | 1,534 | 1,737 | 2,338 |
| Operating Profit | 95 | 34 | 65 | 68 | 182 | 48 | 110 | 167 | 238 | 155 | 299 | 345 | 416 |
| OPM % | 7% | 3% | 5% | 5% | 11% | 4% | 7% | 10% | 13% | 10% | 16% | 17% | 15% |
| Other Income + | 2 | 3 | 0 | 2 | 4 | 0 | 0 | 52 | 38 | 51 | 83 | 32 | 57 |
| Interest | 11 | 11 | 11 | 14 | 11 | 11 | 16 | 12 | 6 | 4 | 3 | 3 | 3 |
| Depreciation | 21 | 22 | 22 | 23 | 23 | 22 | 23 | 23 | 23 | 25 | 26 | 27 | 27 |
| Profit before tax | 65 | 3 | 32 | 34 | 152 | 15 | 71 | 184 | 247 | 177 | 353 | 348 | 443 |
| Tax % | 22% | 29% | 24% | 32% | 25% | 31% | 26% | 25% | 25% | 26% | 25% | 25% | 25% |
| Net Profit + | 51 | 2 | 25 | 23 | 114 | 10 | 52 | 137 | 184 | 132 | 264 | 261 | 330 |
| EPS in Rs | 11.99 | 0.57 | 5.84 | 5.42 | 26.82 | 2.46 | 12.34 | 32.41 | 41.26 | 29.52 | 59.31 | 58.65 | 74.14 |
Financials of Hitachi Energy India Ltd
Annual income statement trend
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 15m | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 6,385 | 8,148 |
| Expenses + | 2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,780 | 6,895 |
| Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 605 | 1,252 |
| OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% | 15% |
| Other Income + | -41 | -18 | 74 | 101 | 15 | 9 | 57 | 186 |
| Interest | 28 | 38 | 32 | 53 | 54 | 57 | 54 | 13 |
| Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 | 104 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 1,321 |
| Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% | 25% |
| Net Profit + | 165 | 100 | 152 | 203 | 94 | 164 | 384 | 988 |
| EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 | 221.63 |
| Dividend Payout % | 0% | 8% | 0% | 6% | 15% | 10% | 7% | 0% |
Financials of Hitachi Energy India Ltd
Capital structure and asset base
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | 9 | |
| Reserves | 831 | 924 | 1,124 | 1,207 | 1,351 | 4,205 | 5,167 | |
| Borrowings + | 348 | 39 | 190 | 334 | 214 | 88 | 86 | |
| Other Liabilities + | 2,253 | 2,532 | 2,201 | 2,369 | 3,134 | 4,311 | 6,782 | |
| Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 12,044 | |
| Fixed Assets + | 579 | 656 | 653 | 713 | 695 | 717 | 952 | |
| CWIP | 57 | 32 | 118 | 49 | 63 | 90 | 85 | |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other Assets + | 2,804 | 2,815 | 2,753 | 3,157 | 3,950 | 7,807 | 11,006 | |
| Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 12,044 |
Financials of Hitachi Energy India Ltd
Operating, investing and financing cash movement
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -73 | 610 | -127 | -127 | 5 | 252 | 1,494 | 1,245 |
| Cash from Investing Activity + | -73 | -89 | -167 | -167 | -12 | -89 | -110 | -271 |
| Cash from Financing Activity + | 333 | -390 | 61 | 61 | 84 | -199 | 2,295 | -91 |
| Net Cash Flow | 188 | 131 | -233 | -233 | 77 | -35 | 3,679 | 883 |
| Free Cash Flow | -146 | 519 | -294 | -294 | -7 | 163 | 1,366 | 735 |
| CFO/OP | 0% | 244% | -14% | -10% | 29% | 84% | 273% | 139% |
Financials of Hitachi Energy India Ltd
Working capital efficiency and return ratios
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 201 | 168 | 106 | 125 | 106 | 121 | 86 | |
| Inventory Days | 102 | 103 | 93 | 110 | 101 | 91 | 119 | |
| Days Payable | 286 | 327 | 213 | 204 | 205 | 202 | 246 | |
| Cash Conversion Cycle | 18 | -57 | -14 | 31 | 2 | 10 | -42 | |
| Working Capital Days | 0 | -10 | 19 | 21 | 29 | -31 | -46 | |
| ROCE % | 19% | 26% | 13% | 18% | 19% | 29% |