“The growing urgency to accelerate energy transition in India and across the globe has significantly boosted investment in the energy sector,” said N Venu, MD & CEO of Hitachi Energy India Ltd. “This surge has created favorable conditions for our overall business, leading to increased order intake, revenue, and profitability. Our focused approach toward strong execution of orders with better margins and operational efficiency contributed to favorable performance in Q2FY25.”

In the quarter ended September 30, 2024, orders totaled INR 1,952 crore, up 11.7% YoYGuoabong Stock. Renewables led the charge – from studies across utilities, power quality and substation projects. Expansion, upgrades and improved efficiency also resulted in orders from existing power plants. Key large orders coming from transformers and power quality segment spreading across industry, transportation, utilities and data centers.Mumbai Stock Exchange

The service portfolio witnessed substantial YoY growth of 65%. Orders included comprehensive overhauling of the generator circuit breaker for one of the largest dam projects in the country, and extension opportunities from utility and industry. Exports accounted for ~22% of total orders booked in Q2FY25 with a significant share from high-voltage products and grid integration orders from European and African markets.

As of September 30, 2024, the order backlog stood at a record high of INR 8,910 crore, providing revenue visibility for the coming several quarters.

Revenue for the July-September 2024 quarter were INR 1,553.8 crore. Showcasing a strong revenue growth of 26.5 % YoY on the back of favorable mix and good order execution during quarter.

Profit before tax for the quarter was INR 70.6 crore, up by 118% YoY, and profit after tax was INR 52.3 crore, up by 111.4% YoY. Operational EBITDA for the second quarter was INR 126.3 crore, resulting in a margin of 8.1%, reiterating our continuous efforts toward improving margins and enhancing overall operational efficiency.

India’s ambitious plan to increase power transmission capacity by 35% by 2032 necessitates a robust energy ecosystem. This expansion is crucial to support the country’s aim toward providing sustainable and equitable power distribution to the entire population. To drive social and economic development and contribute to the nation’s bigger goal of becoming a $5 trillion economy goal. The growing demand will create significant investment opportunities in the energy sector, particularly in areas such as renewables, HVDC, data centers, electric transportation. etc

New Delhi Investment