Hitachi Energy India Achieves 90% Profit Increase in Q3 FY26

Hitachi Energy India Ltd reported a 90% increase in net profit for Q3 FY26. The company's revenue rose due to an uptick in electrification projects in India and globally. The EU-India trade agreement is expected to boost renewable energy collaboration and create new opportunities for Indian energy firms.

Hitachi Energy India Ltd reported a robust increase of over 90% in net profit for the December quarter of FY26, reaching Rs 261.4 crore. This growth, significantly bolstered by increased revenues, marks a substantial rise from the Rs 137.4 crore recorded during the same period in the preceding fiscal year.

The company's revenue surged to Rs 2,168 crore, a noteworthy jump from Rs 1,672.4 crore, fueled by an increased demand for electrification both in India and globally. 'Our Q3 results underscore the accelerating pace of electrification, with global electricity demand forecasted to rise by over 70%,' said N Venu, Managing Director & CEO.

Orders totaling Rs 2,477.6 crore were recorded, a 73.7% year-on-year increase, highlighting significant contributions from the industrial, datacenter, and renewable sectors. Additionally, the EU-India Free Trade Agreement is poised to enhance clean-energy collaboration, creating new avenues for investment and technology exchange, particularly in renewables and green hydrogen.

(With inputs from agencies.)