Net profit (PAT) climbed to Rs 264.4 crore, up 405.6% from Rs 52.3 crore a year earlier and 100.9% higher quarter-on-quarter. PAT margin rose sharply to 13.8% from 3.4% in Q2FY25 and 8.6% in Q1FY26.
Revenue for the quarter stood at Rs 1,915.2 crore, up 23.3% year-on-year from Rs 1,553.8 crore in the same period last year and 25.2% higher sequentially. Orders rose 13.6% year-on-year to Rs 2,217.1 crore, though sharply lower by 80.4% compared with the previous quarter due to a high base effect.
Operational performance also strengthened significantly. Operating EBITDA grew 130.5% year-on-year to Rs 291.6 crore, while margins improved to 15.2% from 8.1% a year ago and 11.1% in the previous quarter.
Profit before tax (PBT) jumped nearly fourfold to Rs 352.9 crore from Rs 70.6 crore a year ago, reflecting a 399.8% year-on-year surge. PBT margin expanded to 18.4% from 4.5% last year and 11.6% in the preceding quarter.
For the first half of FY26, the company reported revenue of Rs 3,435.6 crore versus Rs 2,881.2 crore in the first two quarters of FY25. PBT for the six-month period stood at Rs 529.8 crore, up from Rs 85.7 crore a year earlier, while PAT rose to Rs 396 crore compared to Rs 62.7 crore. Operating EBITDA for H1FY26 more than doubled to Rs 461.8 crore from Rs 187.8 crore, with margins improving to 13.4% from 6.5% in the year-ago period.Despite global trade and geopolitical challenges, India remains one of the world’s fastest-growing economies, supported by strong domestic demand and resilient external conditions, the management said. It added that steady investments, GST 2.0 reforms, easier credit, and rising capacity utilization are sustaining growth momentum. Further, the government’s focus, they noted, is now shifting from capacity expansion to integration and efficiency through grid upgrades, storage, and market reforms.At about noon, shares of the company were trading at Rs 20,280 per share, higher by 13.2% from the last close on the NSE. Hitachi Energy India shares have risen 40% in the last 6 months.
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