Now Reading: Hitachi Energy Q1 profit more than doubles to Rs 294 crore, revenue jumps 69%
-
01
Hitachi Energy Q1 profit more than doubles to Rs 294 crore, revenue jumps 69%
Hitachi Energy Q1 profit more than doubles to Rs 294 crore, revenue jumps 69%
Hitachi Energy India on Friday reported a more than twofold jump in net profit to Rs 294 crore for the June quarter of FY27, compared to Rs 132 crore in the same…
The Story in Brief
Hitachi Energy India on Friday reported a more than twofold jump in net profit to Rs 294 crore for the June quarter of FY27, compared to Rs 132 crore in the same period last year. Revenue from operations rose 68.6% to Rs 2,494 crore from Rs 1,479 crore a year ago, according to a company statement.
The company's EBITDA surged to Rs 364 crore from Rs 155 crore, with margins expanding to 14.6% from 10.5%. The order backlog reached an all-time high of Rs 32,222 crore. CEO N Venu attributed the performance to strong market momentum driven by opportunities in energy transition and security across India and globally.
The Indian Opinion
The narrative around India's energy transition often gets framed as a distant goal or a policy debate. But Hitachi Energy's 69% revenue jump and a record order backlog of Rs 32,222 crore put hard numbers behind the story. The real test now is whether execution can keep pace with demand, turning these orders into sustained margin expansion rather than just a one-off reporting blip.
Sources (2): economictimes.indiatimes.com, ndtvprofit.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
