Hitachi Energy India (POWERINDIA)₹28,150+1.11%Heavy Electrical Equipment
In the Jun 2026 quarter (standalone), Hitachi Energy India reported sales of ₹2,486 Cr, up 68.6% from Jun 2025, and net profit of ₹295 Cr, up 122.7% year on year. For the year to Mar 2026, sales were ₹8,120 Cr and net profit ₹990 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,225 | 1,270 | 1,691 | 1,324 | 1,548 | 1,614 | 1,877 | 1,475 | 1,828 | 2,075 | 2,745 | 2,486 |
| Expenses | 1,161 | 1,204 | 1,510 | 1,277 | 1,442 | 1,452 | 1,644 | 1,323 | 1,531 | 1,735 | 2,334 | 2,126 |
| Operating Profit | 64.83 | 67.84 | 182 | 47.90 | 110 | 167 | 237 | 155 | 298 | 344 | 415 | 363 |
| OPM % | 5.0% | 5.0% | 11.0% | 3.6% | 7.0% | 10.1% | 13.1% | 10.1% | 16.1% | 17.1% | 15.1% | 15.1% |
| Other Income | 0.00 | 1.99 | 3.99 | 0.00 | 0.00 | 51.83 | 37.92 | 50.86 | 82.72 | 31.93 | 56.83 | 57.83 |
| Interest | 10.97 | 13.95 | 10.97 | 10.97 | 15.95 | 11.96 | 5.98 | 3.99 | 2.99 | 2.99 | 2.99 | 2.99 |
| Depreciation | 21.98 | 22.99 | 22.99 | 21.99 | 22.97 | 22.97 | 22.99 | 24.99 | 25.97 | 26.99 | 26.99 | 27.97 |
| Profit before tax | 32.01 | 34.01 | 152 | 15.01 | 71.06 | 184 | 247 | 177 | 353 | 348 | 443 | 390 |
| Tax % | 24.0% | 31.9% | 25.0% | 30.9% | 25.9% | 25.0% | 25.0% | 26.0% | 25.0% | 24.9% | 25.0% | 23.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −41.07 | 0.00 | 0.00 |
| Net Profit | 25.07 | 23.05 | 114 | 10.03 | 52.17 | 137 | 184 | 132 | 265 | 262 | 331 | 295 |
| EPS (Rs) | 5.86 | 5.44 | 26.95 | 2.47 | 12.40 | 32.55 | 41.42 | 29.65 | 59.51 | 58.87 | 74.44 | 66.30 |
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 15m | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,226 | 3,411 | 3,757 | 4,870 | 4,454 | 5,223 | 6,360 | 8,120 | 9,134 |
| Expenses | 2,896 | 3,148 | 3,523 | 4,555 | 4,210 | 4,867 | 5,773 | 6,866 | 7,726 |
| Operating Profit | 336 | 268 | 244 | 322 | 250 | 359 | 604 | 1,266 | 1,421 |
| OPM % | 10.0% | 8.0% | 6.0% | 7.1% | 6.0% | 7.0% | 9.1% | 16.1% | 15.6% |
| Other Income | −40.86 | −17.95 | 73.77 | 101 | 14.97 | 8.97 | 56.88 | 184 | 229 |
| Interest | 27.92 | 37.90 | 31.91 | 52.81 | 53.83 | 56.86 | 53.79 | 27.90 | 11.96 |
| Depreciation | 47.97 | 76.98 | 80.94 | 94.90 | 79.93 | 89.95 | 90.98 | 104 | 108 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 1,322 | 1,535 |
| Tax % | 25.0% | 27.0% | 26.0% | 26.0% | 28.0% | 26.0% | 26.0% | 25.0% | — |
| Exceptional items | −30.04 | −20.01 | 25.04 | 24.02 | 0.00 | 0.00 | 0.00 | −41.08 | −41.07 |
| Net Profit | 166 | 100 | 152 | 204 | 94.29 | 165 | 385 | 990 | 1,152 |
| EPS (Rs) | 39.20 | 23.66 | 35.95 | 48.17 | 22.26 | 38.82 | 86.49 | 222.53 | 259.12 |
| Dividend payout % | 0.0% | 8.0% | 0.0% | 6.0% | 15.1% | 10.0% | 7.0% | 4.0% | — |
| Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7.97 | 8.00 | 7.97 | 7.99 | 7.97 | 8.99 | 8.99 |
| Reserves | 828 | 924 | 1,120 | 1,205 | 1,346 | 4,199 | 5,161 |
| Borrowings | 347 | 39.05 | 189 | 334 | 213 | 87.99 | 85.93 |
| Other Liabilities | 2,242 | 2,520 | 2,190 | 2,358 | 3,119 | 4,290 | 6,749 |
| Total Liabilities | 3,426 | 3,491 | 3,509 | 3,906 | 4,686 | 8,586 | 12,006 |
| Fixed Assets | 577 | 655 | 651 | 711 | 693 | 715 | 842 |
| CWIP | 56.90 | 31.97 | 118 | 48.95 | 62.90 | 89.89 | 192 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 2,791 | 2,805 | 2,740 | 3,146 | 3,932 | 7,783 | 10,970 |
| Inventories | 492 | 494 | 706 | 817 | 886 | 924 | 1,483 |
| Trade receivables | 1,779 | 1,572 | 1,416 | 1,525 | 1,520 | 1,578 | 1,910 |
| Cash & equivalents | 189 | 320 | 86.27 | 163 | 128 | 3,814 | 4,704 |
| Total Assets | 3,426 | 3,491 | 3,509 | 3,906 | 4,686 | 8,586 | 12,006 |
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −73.24 | 613 | −127 | −128 | 5.02 | 253 | 1,500 | 1,250 |
| Cash from investing activity | −72.89 | −88.75 | −167 | −167 | −11.97 | −88.77 | −110 | −270 |
| Cash from financing activity | 334 | −391 | 61.17 | 61.14 | 84.17 | −200 | 2,302 | −91.21 |
| Net cash flow | 188 | 131 | −234 | −234 | 77.19 | −35.07 | 3,691 | 885 |
| Capex | 72.93 | 91.03 | 168 | 168 | 11.99 | 88.93 | 129 | 510 |
| Free cash flow | −146 | 520 | −295 | −295 | −7.02 | 164 | 1,371 | 737 |
| CFO / OP % | 0.0% | 244.0% | −14.0% | −10.0% | 29.0% | 84.0% | 273.0% | 138.0% |
| Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 201 | 168 | 106 | 125 | 106 | 90 | 86 |
| Inventory days | 102 | 103 | 93 | 110 | 101 | 91 | 119 |
| Days payable | 287 | 328 | 214 | 205 | 206 | 203 | 247 |
| Cash conversion cycle | 18 | −57 | −14 | 31 | 2 | −20 | −42 |
| Working capital days | 0 | −10 | 19 | 21 | 29 | −31 | −46 |
| ROCE % | — | 19.0% | 26.0% | 13.0% | 18.0% | 18.9% | 29.0% |
For the Jun 2026 quarter, Hitachi Energy India reported sales of ₹2,486 Cr, up 68.6% year on year and net profit of ₹295 Cr, up 122.7% year on year. The operating margin was 15.1%.
Hitachi Energy India's sales for the year to Mar 2026 were ₹8,120 Cr; over the last twelve months they were ₹9,134 Cr.
Net profit for the year to Mar 2026 was ₹990 Cr, and ₹1,152 Cr over the last twelve months. Earnings per share over the same trailing period were ₹259.12.
Hitachi Energy India reported borrowings of ₹85.93 Cr at Mar 2026, against cash and equivalents of ₹4,704 Cr.
Cash from operations was ₹1,250 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹737 Cr.