Hitachi Energy India Announces Q4FY26 Results, Recommends Dividend, and Approves INR 2,000 Crore Capex for Greenfields
Hitachi Energy India Limited announced the outcome of its Board of Directors meeting held on May 25, 2026, alongside the audited financial results for the fourth quarter (Q4FY26) and the full financial year (FY26) ended March 31, 2026.The Board approved the audited financial results and the Auditor's Report from M/s. S. R. Batliboi & Associates LLP, Statutory Auditors. The company also recommended a final dividend of Rs. 8/- (Rupees Eight only) per equity share, which constitutes 400% of the face value of Rs. 2/- per share, subject to shareholder approval at the Annual General Meeting (AGM).
Key Financial and Operational Highlights
Hitachi Energy India Limited reported strong growth across key metrics for FY26. The company sustained its growth momentum, noting that the quarterly results were supported by a focused strategic approach and robust execution.In terms of order intake, total orders for Q4FY26 reached INR 2,422.5 crore, marking a 10.6% year-on-year (YoY) increase. For the full fiscal year, total orders stood at INR 18,456.5 crore, showcasing a 1.6% YoY increase.
Revenue from operations showed robust growth, reaching INR 2,754.1 crore in Q4FY26, a 46.2% YoY increase. For the full fiscal year, revenue from operations was INR 8,147.7 crore, reflecting a 27.6% YoY rise.
Profit metrics also showed significant increases:
- PBT (Profit Before Tax): Stands at INR 443.4 crore for Q4FY26, up 79.7% YoY. For the full year, PBT reached INR 1,375.2 crore, demonstrating a 166.3% YoY growth.
- PAT (Profit After Tax): Reported at INR 330.5 crore in Q4FY26, showing a 79.7% YoY increase. For the full year, PAT stood at INR 987.8 crore, marking a 157.2% YoY growth.
Operational EBITDA demonstrated sustained efficiency, with Q4FY26 EBITDA at INR 452.4 crore (92.0% YoY growth) and FY26 EBITDA at INR 1,252.6 crore.
Capital Expenditure and Corporate Development
During the Board meeting, the Directors also approved a substantial investment of INR 2,000 crores to establish a new greenfield large power transformers facility in Karjan, Vadodara, Gujarat. This investment increases the cumulative capital expenditure commitment to INR 4,000 crores, adding to the capex announced previously on October 7, 2024.Financial Statements Overview
The company provided comprehensive audited financial data for the periods ending March 31, 2026, and March 31, 2025.Statement of Assets and Liabilities (in Rs crores)
| Particulars | As at March 31, 2026 (Audited) | Amount in Rs crores | As at March 31, 2025 (Audited) | Amount in Rs crores |
|---|---|---|---|---|
| Assets | ||||
| Property, plant and equipment | 727.45 | 593.58 | ||
| Right-of-use assets | 85.01 | 90.12 | ||
| Capital work-in-progress | 192.01 | 90.19 | ||
| Goodwill | 31.80 | 31.80 | ||
| Other intangible assets | 1.12 | 1.08 | ||
| Loans | 3.28 | 2.78 | ||
| Other financial assets | 133.22 | 64.01 | ||
| Non-current tax assets (net) | 160.27 | 27.37 | ||
| Deferred tax assets (net) | 99.13 | 86.05 | ||
| Other non-current assets | 252.54 | 45.36 | ||
| Total Assets | 12,043.72 | 8,613.32 | ||
| Equity | ||||
| Equity share capital | 8.92 | 8.92 | ||
| Other equity | 5,167.04 | 4,205.19 | ||
| Total Equity | 5,175.96 | 4,214.11 | ||
| Liabilities | ||||
| Lease liabilities (Non-current) | 67.44 | 71.48 | ||
| Other financial liabilities (Non-current) | 107.75 | 9.10 | ||
| Lease liabilities (Current) | 18.66 | 16.97 | ||
| Total outstanding dues of micro enterprises and small enterprises | 181.44 | 108.02 | ||
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 2,899.10 | 1,933.86 | ||
| Other financial liabilities (Current) | 347.53 | 180.08 | ||
| Other current liabilities | 2,861.53 | 1,799.73 | ||
| Provisions | 384.31 | 257.74 | ||
| Liabilities for current tax (net) | 22.23 | |||
| Total Equity and Liabilities | 12,043.72 | 8,613.32 |
Statement of Cash Flows (in Rs crores)
| Particulars | Year ended 31/03/2026 (Audited) | Amount in Rs Crores | Year ended 31/03/2025 (Audited) | Amount in Rs Crores |
|---|---|---|---|---|
| A. Cash flows from operating activities | ||||
| Operating profit before working capital changes | 1,227.42 | 646.59 | ||
| Net cash flow from operating activities | 1,244.83 | 1,493.77 | ||
| B. Net cash flow from / (used in) investing activities | (271.36) | (109.99) | ||
| C. Net cash flow from/ (used in) financing activities | (90.85) | 2,294.73 | ||
| Net increase/ (decrease) in cash and cash equivalents (A+B+C) | 882.62 | 3,678.51 | ||
| Cash and cash equivalents at the beginning of the year | 3,806.55 | 128.04 |
***
The company plans to convene its Seventh Annual General Meeting on Friday, August 28, 2026.
POWERINDIA Stock Price Movement
On Monday, Hitachi Energy India Limited shares edged higher, gaining 0.53% to settle at ₹35,635. The stock traded with a volume of 139,682 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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