Hitachi Energy India Ltd shares climbed more than 12% on Friday following robust third-quarter results for FY26, fueled by sharp profit growth, revenue gains, and surging orders.
Strong Q3 FY26 Financial Performance
The company posted a 90.3% year-on-year increase in profit after tax, reaching Rs 261.4 crore for the October-December 2025 quarter, up from Rs 137.4 crore the previous year. Revenue from operations rose 28.51% to Rs 2,082.21 crore, compared to Rs 1,620.27 crore in the year-ago period, driven by steady demand in core segments.
Orders hit Rs 2,477.6 crore during the quarter, reflecting a 73.7% year-on-year rise excluding a large prior-year base order. Key demand came from transformers, reactors, air-insulated switchgear, and gas-insulated switchgear, with contributions from data centers, industrial clients, and renewable energy projects. The order backlog reached Rs 29,872.2 crore as of December 31, 2025.
CEO Highlights Electrification Trends
Managing Director and CEO N Venu emphasized the results reflect accelerating electrification in India and worldwide, with electricity demand expected to grow over 70%. He pointed to power-intensive AI expansion fueling infrastructure investments, enabling support for AI-ready data centers and sustainable energy needs.
Venu noted India’s electrification efforts boost capacity expansion, grid reliability, and power access, aligning with goals like 2,000 kWh per capita consumption by 2030.
Market Response and Outlook
Post-earnings, shares soared over 12% to around Rs 21,541 on the NSE, pushing market capitalization to approximately Rs 96,700 crore. Analysts view the recent EU-India free trade agreement as a long-term boost for clean energy, green hydrogen, and renewable technology collaborations.
