Hitachi Energy India Q2 FY27: Revenue Jumps 63.5%

Hitachi Energy India ( POWERINDIA )shares rallied after the company delivered a strong Q2 FY27 performance, prompting brokerages to raise their price targets. The results reflect robust demand for power transmission equipment, grid infrastructure and data-centre solutions. Key Q2 FY27 Highlights - Revenue: ₹2,996.5 crore, up 63.5% YoY - Net profit: ₹318.5 crore, up 20.5% YoY - Order inflows: ₹4,120.8 crore, up 85.9% YoY - Operational EBITDA: ₹494.4 crore, up 69.5% YoY - Operational EBITDA margin: 16.5% - Order backlog: ₹33,335.4 crore, the highest ever What Is Driving the Growth? Strong order inflows from utilities and transmission projects supported the quarter. Data centres are also emerging as an important growth opportunity. Export orders increased 41% YoY, while the services business grew 77% YoY. The record order backlog provides revenue visibility for several quarters, although timely execution remains critical. My View I believe Hitachi Energy India is strategically positioned to benefit from India's long-term investment cycle in power transmission, grid modernisation, renewable-energy integration and rising electricity demand. The 85.9% growth in order inflows and 63.5% revenue growth are particularly encouraging. However, the gap between revenue growth of 63.5% and net profit growth of 20.5% deserves attention. Investors should assess how effectively the company converts its expanding business into bottom-line growth. I would also be careful about valuation. A strong business operating in a structural growth sector does not automatically make its stock attractive at every price. Going forward, order execution, margin sustainability, capacity expansion and return ratios will be key monitorables. The growth opportunity is compelling, but disciplined entry valuations remain important.