Hitachi Energy India on Friday said its net profit jumped more than twofold year-on-year to Rs 294.2 crore in the June quarter of FY27.The company recorded a net profit of Rs 131.6 crore in the same quarter of the previous fiscal, Hitachi Energy said in a statement.Revenue from operations rose to Rs 2,493.7 crore in the reporting quarter from Rs 1,478.9 crore in the same period a year ago.During Q1FY27, orders totalled Rs 5,096.5 crore.The company's growth saga continues in the opening quarter of FY27, resulting in the highest-ever order backlog of Rs 32,222.1 crore.N Venu, Managing Director & CEO of Hitachi Energy India, said in the statement, "Q1FY27 indicates excellent overall performance, resulting in robust order and revenue growth. It reflects strong market momentum, driven by a surge in opportunities stemming from the energy transition & security across the country and globally."
Hitachi Energy India Q1 Results: Net profit rises over twofold to Rs 294 crore
Hitachi Energy India has displayed remarkable financial growth with a net profit soaring over 100% in the June quarter. The company reported a substantial increase in operational revenue compared to the previous year. With first-quarter orders reaching Rs 5,096.5 crore for FY27, the firm has achieved a record order backlog totaling Rs 32,222.1 crore, fueled by robust progress in energy transition and security sectors.
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