Hitachi Energy India Limited held an analyst conference call on May 15, 2025, to discuss Q4 FY25 results.
N Venu, Managing Director & CEO, highlighted the company's highest ever order backlog of ₹19,245 crore as of March 31, 2025.
Q4 FY25 Highlights:
Order growth: 56% year-on-year to ₹2,190.9 crore, driven by energy transition.
Revenue: Up 13% year-on-year to ₹1,921 crore.
Profit Before Tax (PBT): Up 62.1% year-on-year to ₹246 crore.
Profit After Tax (PAT): Up 61.8% year-on-year to ₹183.9 crore.
Full Year FY25 Highlights:
Orders: Record ₹18,173.8 crore, up by 228%.
Revenue: ₹6,475.4 crore, up by 23%.
PBT and PAT significantly up by 133%.
EBITDA margin improved by 250 basis points.
Key achievements in FY25 included bagging a large HVDC order, expansions at various facilities, and successful completion of a qualified institutional placement (QIP) raising ₹2,520.82 crore.
The company commissioned key projects, including a 400 kV AIS substation for a 500-megawatt solar project in Rajasthan and transmission projects in Madhya Pradesh and Bhutan.
Exports saw significant year-on-year growth of 77%, contributing almost 37% to total orders (excluding HVDC).
A new service business unit was introduced on April 1, 2025, to provide services throughout the asset lifecycle.
CFO Ajay Singh noted a 55.57% year-on-year order growth in Q4, with revenue up by 13.1% to ₹1,921.9 crore. Operational EBITDA for the quarter stood at ₹235.6 crore, resulting in a double-digit operational EBITDA of 12.3%.
Looking ahead, Hitachi Energy will focus on carrying the growth momentum into FY26, maintaining leadership in core segments, strengthening presence in emerging segments like data centers and energy storage, and accentuating export capabilities and digital progress.
Management Commentary: The company remains steadfast towards maintaining its leadership in core segments, along with establishing and strengthening our presence in industry, fast emerging segments like data center, energy storage, etc. We continue to accentuate our export capabilities and digital progress to accelerate our growth further.