Hitachi Energy India Ltd. reported a 228% year-on-year increase in orders for the financial year ending March 31, 2025, driven by a large high-voltage direct current (HVDC) order. The company’s annual revenue rose 23% to INR 64.421 billion, while profit after tax increased 134% from the previous year.
For the January–March 2025 quarter (Q4FY25), orders grew 55.7% year-on-year to INR 21.908 billion, while revenue rose 13.1% to INR 19.219 billion. Profit after tax for the quarter stood at INR 1.839 billion, up 61.8% from the same period last year. Operational EBITDA reached INR 2.356 billion, reflecting a margin of 12.3%.
The company reported its highest-ever order backlog of INR 192.459 billion at the end of the financial year, providing visibility for future revenue. Key segments contributing to the order inflow included transmission, renewables, industry, and rail. Export and service orders came from South Asia, Europe, and Africa, with service offerings such as SCADA upgrades, grid compliance studies, and maintenance contracts.
To mark its 75th year of operations in India in October 2024, Hitachi Energy India announced a INR 20 billion investment plan aimed at accelerating capacity expansion. In early 2025, the company raised INR 25.2082 billion through a Qualified Institutional Placement (QIP) to support this plan over the next four to five years. The QIP proceeds are earmarked for capacity augmentation and other initiatives supporting domestic growth.
Sustainability-related initiatives included a 6% reduction in energy consumption, 4% reduction in freshwater usage, and a 17% cut in overall waste disposal during FY25. The company implemented retrofits, energy-efficient technologies, and rainwater recharge systems at its manufacturing sites in Maneja and Halol.
The board has recommended a final dividend of INR 6 per share (300%), subject to shareholder approval.
Looking ahead, the company plans to expand its presence in grid service and maintenance through a new service business unit launched on April 1, 2025. This unit will offer services across the asset lifecycle, including installation, maintenance, and end-of-life solutions.
Hitachi Energy India Ltd. is part of the global Hitachi Energy group, which operates in over 60 countries and serves utility, industry, transportation, and infrastructure sectors. The global entity employs over 50,000 people and reported revenues of approximately USD 16 billion.