Up 94% from 52-week low, Hitachi Energy shares jump 9% today after Q2 results: Should you buy power stock? Check targets

Detailed summary

Hitachi Energy India shares rose as much as 9.2% after Q2 FY27 net profit grew 21% year on year and revenue jumped 63.5%. Orders surged 85.9% to ₹4,120.8 crore, lifting the record backlog to ₹33,335.4 crore.

Hitachi Energy share price: Hitachi Energy India shares rallied over 9% on Friday, November 13, after the company reported a strong performance for the September 2026 quarter, supported by robust revenue growth, higher order inflows and a record order backlog. The company's net profit increased 21% year-on-year (YoY), while revenue surged 63.5% in Q2 FY27.

The company also reported an 85.9% jump in orders during the quarter, reflecting sustained demand across power transmission, utilities and data centres. Meanwhile, exports and the services business continued to contribute to growth, strengthening the company's overall business outlook.

Hitachi Energy India reported a 21% YoY increase in net profit to ₹318.5 crore for the September 2026 quarter, compared with ₹264.4 crore in the corresponding quarter last year, according to a company statement.

Revenue for the second quarter of FY27 surged 63.5% to ₹2,996.5 crore from ₹1,832.6 crore in the year-ago period. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 36.4% to ₹406.3 crore, compared with ₹297.8 crore a year earlier. However, EBITDA margin contracted to 13.6% from 16.3% in Q2 FY26.

The company attributed its growth to a sustained focus on operational efficiency and timely execution of orders.

Commenting on the performance, N Venu, Managing Director and CEO of Hitachi Energy India, said the company had invested in new infrastructure and was strengthening its existing capabilities to capitalise on emerging opportunities.

"Both orders and revenue continue to secure sustained year-on-year (YoY) growth, backed by disciplined order execution over the quarter," Venu said.

The company's order inflows jumped 85.9% to ₹4,120.8 crore in Q2 FY27, compared with ₹2,217.1 crore in the corresponding period last year, supported by positive market demand.

Transmission orders from utilities led the order book, with demand for power transformers, STATCOM, cooling systems, air-insulated switchgear (AIS) and…

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