Hitachi Energy India Reports Record Q3 FY 2024-25 Performance, Orders Surge 839% YoY to ₹11,594 Crore

Bengaluru, January 29, 2025 – Hitachi Energy India Limited has reported a stellar financial performance for Q3 FY25, achieving 31% year-over-year (YoY) revenue growth and securing its highest-ever order backlog of ₹18,994.4 crore.

Key Financial Highlights (Q3 FY25 vs Q3 FY24)​

• Total Orders: ₹11,594.3 crore, up from ₹1,235 crore (+838.8%)
• Revenue: ₹1,672.4 crore, up from ₹1,276.4 crore (+31%)
• Profit Before Tax (PBT): ₹184.1 crore, up from ₹33.8 crore (+444.9%)
• Profit After Tax (PAT): ₹137.4 crore, up from ₹23 crore (+498.1%)
• Operational EBITDA: ₹168.9 crore, up from ₹81 crore (+108.5%)
• Operational EBITDA Margin: 10.1%, compared to 6.3% in Q3 FY24

Nine-Month Performance (9M FY25 vs 9M FY24)​

• Total Revenue: ₹4,520.3 crore, up from ₹3,547.6 crore (+22%)
• Profit Before Tax (PBT): ₹269.7 crore, up from ₹69.5 crore (+288%)
• Profit After Tax (PAT): ₹200.1 crore, up from ₹50.1 crore (+299%)

Order Backlog & Business Growth​

• Record Order Backlog: ₹18,994.4 crore, ensuring strong revenue visibility for the coming quarters.
• Major Orders:
  
  • Large High-Voltage Direct Current (HVDC) project for renewable energy transmission from Khavda (Gujarat) to Nagpur (Maharashtra).
  • Significant growth in the power quality and substation projects segment.
  • Service segment contributed 11% of total orders (excluding HVDC projects).
  • Exports share grew to 40%, with orders from Australia, Indonesia, Canada, Croatia, Azerbaijan, and others.

Profitability & Operational Efficiency​

• Double-Digit Operating Margins: Operational EBITDA margin at 10.1%, an improvement from 6.3% in Q3 FY24.
• Strong Cash Flow Management:
  
  • Solid cash position due to improved collections and advance payments from HVDC projects.
  • The company became debt-free as of December 31, 2024.

Outlook & Strategic Focus​

• Energy Sector Growth:
  
  • India’s electricity demand is projected to exceed 700 GW by 2047.
  • Renewable energy capacity needs to expand beyond 50 GW annually.
• Future Market Expansion:
  
  • Investment in energy storage, green hydrogen, and industrial applications.
  • Strengthening grid infrastructure and localized supply chains.
  • Accelerating digital transformation and sustainability initiatives.

Management Commentary​

Managing Director & CEO N Venu stated, “The strong performance this quarter reflects our strategic investments in localization, manufacturing expansion, and talent development. With the highest-ever order backlog, we are well-positioned to drive India’s energy transition and infrastructure growth.”

Conclusion​

With robust order inflows, increased profitability, and an expanding global footprint, Hitachi Energy India Limited is poised for sustained growth in the power transmission, renewables, and industrial energy segments.