Hitachi Energy India Share Price Today: Upper Circuit After Robust Q3 Results

Hitachi Energy India Q3 FY26 Result

During the October–December 2025 quarter, Hitachi Energy India delivered impressive top-line and bottom-line growth. Revenue rose 29.6% year-on-year to ₹2,168 crore, supported by robust demand across transmission, renewables, data centres, and industrial segments.

Profitability expanded sharply, with profit before tax (PBT) before exceptional items surging 118.4% YoY to ₹402 crore. Profit after tax (PAT) climbed 90.3% YoY to ₹261.4 crore, reflecting improved operating leverage and disciplined cost management. Operational EBITDA stood at ₹338.4 crore, translating into a healthy margin of 15.6%, significantly higher than last year.

Despite a one-time exceptional charge of ₹54.24 crore linked to the notification of India’s new labour codes, quarterly profitability remained resilient, with PAT declining marginally by just 1.1% on a sequential basis.

Hitachi Energy India 9M FY26 Results Shows Sustained Momentum

For the nine months ended December 2025, the company maintained strong momentum. Revenue increased 24% YoY to ₹5,603.6 crore, driven by execution of a growing order book and improving project mix.

PBT before exceptional items jumped sharply to ₹931.8 crore, marking a 245.5% YoY increase, while PAT surged 228.5% YoY to ₹657.4 crore. The sharp improvement underscores the company’s ability to scale profitably amid rising investments in power infrastructure and clean energy.

Order Inflows Remain Healthy; Backlog at Record High

Order inflows during Q3 FY26 stood at ₹2,477.6 crore. While headline numbers appeared lower on a YoY basis due to a high base from the large HVDC Khavda order booked in Q3 FY25, underlying demand remained strong. Excluding that one-off order, Q3 order intake grew an impressive 73.7% YoY.

The order backlog expanded to a record ₹29,872.2 crore, providing strong revenue visibility over the medium term and reinforcing the company’s leadership position in the power and electrification ecosystem.

Segment-Wise Growth Driven by New-Age Demand

Growth during the quarter was broad-based. The industries segment posted an 87% YoY rise in orders, while data centres recorded 79% YoY growth, reflecting accelerating investments in digital infrastructure and AI-driven power consumption. Renewables, including wind and solar, continued to be a major contributor to the order book, supported by India’s energy transition push.

Exports accounted for 29.8% of total Q3 orders, with strong traction from utilities and data centre projects in Southeast Asia and Southern Africa. Services contributed 4.3% of orders, aided by a key SCADA integration project for a leading Indian renewable energy company.

Strategic Project Wins and Execution Milestones

During the quarter, Hitachi Energy India secured several marquee projects across sectors. In the energy segment, the company won Substation Automation System (SAS) orders for 400kV and 765kV substations. In transport, it secured contracts for EMU traction transformers for leading metro rail projects.

Operational execution remained strong, with the successful commissioning of a 220kV gas-insulated substation for a data centre in Pune and a 300MW solar power project in Karnataka. The company also marked 25 years of power transformer innovation in India, underscoring its long-standing presence in the country’s power infrastructure journey.

ESG Focus Strengthens License to Operate

Hitachi Energy India continued to advance its ESG agenda during FY26. The company is on track to achieve a 70% reduction in CO₂ emissions compared to its 2019 baseline and has already transitioned to 100% renewable electricity across its operations through solar installations and power purchase agreements.

Diversity metrics also improved, with female representation rising to 11% in Q3 FY26 from 9% at the end of FY25, moving toward a long-term target of 16 to18%. In recognition of its efforts, the company received a “Strong” ESG rating from Crisil and an “Adequate” rating from NSE in 2025.

Outlook

Management remains optimistic about long-term growth prospects. India’s economy is expected to grow by 7.4% in FY26, supported by large investments in power transmission, renewables, EV infrastructure, and data centres. Planned transmission investments of ₹2.4 lakh crore, an estimated ₹8.8 lakh crore investment in data centres by 2027, and a projected 28.5% CAGR in the EV sector through 2029 present significant opportunities.

N Venu, Managing Director & CEO, highlighted that global electricity demand is expected to rise over 70%, with AI and digitalisation becoming increasingly power-intensive. Against this backdrop, Hitachi Energy aims to maintain leadership in HVDC and renewable integration, while expanding into emerging “edge-of-the-grid” technologies such as battery energy storage systems (BESS) and e-mobility solutions.

With strong execution, a record order backlog, and expanding margins, Hitachi Energy India appears well-positioned to capitalise on India’s accelerating electrification and clean-energy transition.

Hitachi Energy India Hit Upper Circuit on Friday

On Friday, Hitachi Energy India share price jumped by 14% and hit 10% upper circuit in the early trade as the company reported a robust financial performance for the third quarter and nine months ended December 31, 2025, underlining strong execution, rising electrification demand, and a healthy project pipeline. As of 10:35 am, the stock price was trading at ₹21,358 per share, up by 11.14%. In the last month period the stock price jumped over 73% while in the last 3 years the stock gas gained over 585%.