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Hitachi Energy India Soars After Q3 Beat as Orders and Backlog Swell

Management points to accelerating electrification, with demand from data centres alongside renewables.

Overview

  • Shares jumped about 14% in Friday trade to roughly Rs 21,900 following the earnings release.
  • Net profit rose 90.3% year on year to Rs 261.4 crore as revenue climbed 29.6% to Rs 2,168 crore for Q3 FY26.
  • Quarterly orders totalled Rs 2,477.6 crore, up 73.7% year on year excluding a large prior‑period order, with an order backlog of Rs 29,872.2 crore.
  • Order momentum was driven by transformers, reactors, and GIS/AIS equipment, with data centres and renewables as major contributors.
  • Operational EBITDA reached Rs 338.4 crore for a 15.6% margin, while the company highlighted the EUIndia FTA as a potential boost for clean‑energy collaboration and exports.