Hitachi Energy India Q3: Shares of Hitachi Energy India, one of the leading technology companies serving customers in utility, industry, transportation, data centers, and infrastructure sectors, and the Indian arm of Hitachi Energy, zoomed as much as 20% to ₹12,277.50 apiece on the NSE on Thursday, January 30, a day after the company reported a strong set of numbers for the quarter ended December 31, 2024
The company, in its earnings release, reported its highest-ever quarterly order of ₹11,594.3 crore during the quarter under review.
The company added that the surge can be primarily attributed to a large high-voltage direct current (HVDC) order to transmit renewable energy from Khavda in Gujarat to Nagpur, Maharashtra. In addition, the transmission segment (not including the HVDC order) led the order book momentum, with power quality and substation projects.
“Other major contributing segments were transportation followed by industries and data centers. In the first of its kind, the consulting team entered into a capacity reserve agreement for nearly a year for renewable studies with a customer in decarbonisation space,” Hitachi Energy India added.
“As nations and organizations steer towards their net-zero targets, energy investments are gaining momentum across verticals-utilities, industries, transport & infra,” said N Venu, MD & CEO, Hitachi Energy India Ltd. “Over the years, we at Hitachi Energy India Limited have preempted this growth phenomenon and have been strengthening our manufacturing capabilities, and the quarter’s positive trending performance reflects returns on localization, expansion, and talent development.”
Hitachi Energy India Q3: Key numbers
The company’s orders at ₹11,594.3 crore were up 838.8% year-on-year (YoY).
Revenue for the company came in at ₹1,672.4 crore, up 31% YoY against ₹1,276.4 crore in the year-ago period.
The company added that the increase in revenue was on the back of the execution mix and improving operational efficiencies. A concerted focus on collections has borne fruit, which, in addition to the advance from the HVDC project, has led to a solid cash position and the company becoming debt-free as of December 31, 2024.
Profit after tax (PAT) came in at ₹137.4 crore, up 498.1% YoY, while operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) jumped 108.5% YoY to ₹168.9 crore.
Operating EBITDA margin increased to 10.1% against 6.3% in the year-ago period.
For the nine months (April-December 2024), the company’s revenue increased ₹4,520.3 crore from ₹3547.6 crore in the corresponding quarter of the previous fiscal. Profit after tax, or PAT, stood at ₹200.1 crore against ₹50.1 crore in the previous year period.

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