HITACHI ENERGY INDIA Q2 FY27 EARNINGS BREAKDOWN

POWERINDIA Shares of Hitachi Energy India Ltd (NSE: POWERINDIA) are surging today, November 13, 2026—rallying roughly 9% to 11% in early trade to cross the ₹30,700–₹31,700 mark—following strong Q2 FY27 financial results announced after market hours yesterday.Q2 FY27 Financial Highlights (Quarter Ended Sept 30, 2026)MetricQ2 FY27Q2 FY26 (YoY)ChangeRevenue from Operations₹2,996.5 Cr₹1,832.6 Cr+63.5%Net Profit₹318.5 Cr₹264.4 Cr+20.5%EBITDA₹406.3 Cr₹297.8 Cr+36.4%EBITDA Margin13.6%16.3%-270 bpsOrder Inflows₹4,120.8 Cr₹2,217.1 Cr+85.9%Key Takeaways & Market DriversRecord Order Backlog: Order inflows jumped nearly 86% YoY, pushing the company's total order backlog to an all-time high of ₹33,335.4 crore as of September 2026, providing multi-quarter revenue ***** Drivers: Transmission orders from utilities (power transformers, STATCOM, and switchgear) led the inflows, while data centers emerged as the second-largest contributor to the order book. Exports also rose 41% YoY in Q2 (and 184% in H1 FY27), while the services business expanded 77% ***** vs. Execution: While top-line execution surged 63.5%, EBITDA margins compressed by roughly 270 basis points YoY due to project mix and input cost ***** Reactions: Following the print, JPMorgan highlighted strong growth momentum ahead, whereas Goldman Sachs flagged valuation risks given the stock's steep run-up over the past year.