Hitachi Energy India has reported a revenue of INR 1,921.9 crore in January–March 2025, a YoY growth of 13.1%. The company said strong execution and better product mix, along with notional forex exchange gains on export order delivery, pushed profit before tax by 62.1% YoY at INR 246.7 crore. Profit after tax is also significantly up by 61.8% YoY at INR 183.9 crore. Operational EBITDA for the fourth quarter stood at INR 235.6 crore, resulting in a double-digit margin of 12.3%.
In the quarter ended March 31, 2025, orders totaled INR 2190.8 crore, up 55.7% YoY. Transmission & renewables led the charge, with an increasing focus on modernizing the grid to ensure reliable supply of green electricity across the country. This was followed by orders from industry as well as the rail & metro segment.
Exports and services continue to sustain their growth momentum with significant contributions to the overall order book. The company said key export orders were received from South Asia, Europe, and Africa. Service orders included grid compliance, power systems & renewable studies for utilities, digital service level agreements, SCADA upgrades, replacement of equipment, and annual maintenance contracts.
As of March 31, 2025, the order backlog stood at INR 19,245.9 crore, providing revenue visibility for the coming quarters.
For the full year ending March 31, 2025, revenue stood at INR 6,442.1 crore, with a 23% increase over the same period.
“A strategic approach and our adaptability to the rapidly changing global economic landscape have enabled us to sustain our growth momentum,” said N Venu, MD & CEO of Hitachi Energy India Ltd. “The increasing prominence of electricity in the global energy system will continue to drive the energy transition, making it a focal point of the world’s economic growth despite geopolitical dynamics. This growth phenomenon will ensure more capital flow in the energy sector to meet burgeoning demand. At Hitachi Energy India Ltd., we foresee these opportunities and are well-positioned to leverage them.”
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