Latest news with #HitachiEnergy
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Business Standard
3 hours ago
- Business
- Business Standard
Hitachi Energy India Q1 results: Profit jumps to ₹132 cr on revenue rise
Hitachi Energy India on Wednesday posted multi-fold increase in net profit at ₹131.60 crore for June quarter 2025-26 mainly due to higher revenues and lower base effect. The company logged a net profit of ₹10.42 crore in the same period a year ago. Revenue rose to ₹1,529.84 crore in the quarter from ₹1,327.33 crore a year ago, a company statement said. This was achieved through effective order execution during the quarter and continued improvement in overall operational efficiency. With effective execution of high-margin orders, sustained operational excellence, a good product mix, and increased export momentum, the company saw a significant YoY growth in profit after tax (net profit) on a lower base, it said. Furthermore, it stated that the steady collection of receivables, along with advances, resulted in a positive cash impact in the quarter, supporting the company's commitment toward improving margins and strengthening overall operational efficiency and capacity. In the June quarter, the orders totalled ₹11,339.2 crore, higher than ₹2,436.7 crore a year ago, led by the large project win of Bhadla-Fatehpur High Voltage Direct Current (HVDC) link. The company also received a bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers. In terms of segment, transmission continues to lead the order book, followed by orders from the rail & metro and data center segments. Service clocked a 91 per cent YoY order growth; some of the key service orders include SCADA upgrades, equipment replacement, and annual maintenance contracts. Meanwhile, exports maintained consistency by contributing 24.7 per cent without HVDC orders in Q1 FY26?, it stated. In the quarter, the company received export orders from Europe, South America, and Asia, it stated. The order backlog stood at ₹29,125.3 crore during the period, providing revenue visibility for the coming quarters. "India's ongoing efforts to integrate renewables, coupled with growth in data centers and AI, the increasing electrification needs of industry and transport continue to drive grid infrastructure development in the country. As one of the fastest growing large economies in the world, India needs to persist with deploying state-of-the-art technologies at speed and scale as it powers ahead to inspire the next era of a sustainable energy future for all," MD & CEO N Venu said. Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core.
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Business Standard
5 hours ago
- Business
- Business Standard
What's behind Hitachi Energy India 8% rally? Market cap nears ₹1 trillion
Hitachi Energy India share price today Shares of Hitachi Energy India hit a new high of ₹21,350, soaring 8 per cent on the BSE in Wednesday's intra-day trade on the back of a healthy business outlook. The stock price of the heavy electrical equipment company surpassed its previous high of ₹20,700 touched on June 30, 2025. In the past six months, the stock has outperformed the market by surging 73 per cent, as compared to 6 per cent rise in the BSE Sensex. Since January 28, 2025, the stock from its 52-week low, has more-than-doubled or zoomed 144 per cent from a level of ₹8,738.05 on the BSE. At 12:16 pm; Hitachi Energy was quoting 7 per cent higher at ₹21,157.65, as compared to 0.23 per cent gain in BSE Sensex. A sharp rally in the stock price has seen Hitachi Energy India's market capitalisation inch towards ₹ 1 trillion-mark. Currently, the company's market capitalisation stood at ₹94,305 crore, and was 6 per cent away to achieve ₹1 trillion mark. Check List of Q1 results today Hitachi Energy - Outlook In FY2024-25, Hitachi Energy India's order book increased to an all-time high of ₹18,173.80 crore. Orders were received from a combination of sectors - from utilities, renewable industries, rail, infrastructure and data centers. Power Grid Corporation of India awarded an order to the consortium of Hitachi Energy India and Bharat Heavy Electricals Limited (BHEL) to design and execute the high voltage direct current (HVDC) link to transmit renewable energy from Khavda in Gujarat to the industrial center of Nagpur in Maharashtra. As India underscores its commitment to economic development, the energy transition will be critical in ensuring sustainable and reliable electricity to power this growth. Deployment of technologies to make the grid flexible, digital, and secure will continue to be key drivers providing attractive medium to long term opportunities for power technologies, especially in our identified high-growth segments - renewables, HVDC, data centers, and electrification of transport. A growing urgency to accelerate energy transition in India and globally has significantly boosted investments in India's energy sector. This momentum is expected to continue in the coming years, creating more opportunities in the energy segment for the portfolio of Hitachi Energy India Limited, especially in the renewable space, Hitachi Energy India said in its FY25 annual report released on July 24, 2025. India is upgrading its grid to prime for evacuation of ~900GW (vs 400GW now). The nation is also targeting 43 per cent of electricity consumption by renewables by 2030 (vs 23 per cent now). As a result, transmission capex is set to pick up after FY20–24's subdued investment cycle. Analysts at ICICI Securities estimate ₹3.4 trillion of capex on inter-state transmission over the next 4–5 years. Out of which, the need for HV equipment is on the rise. With rising complexity of the grid due to a potential influx of renewables, unique challenges in stability shall emerge. To ensure a stable grid, the brokerage firm see the need for specialized equipment like statcoms, reactors etc. With Hitachi Energy being at the fore-front of this transition, analysts believe the company could see maximum benefit in India's pursuit of grid strengthening. However, currently, the stock is trading above analyst's target price of ₹18,000 per share. Hitachi Energy India is the Indian subsidiary of the Zurich-headquartered Hitachi Energy, and is committed to driving India's energy transition ambitions by advancing a sustainable energy future for all.
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Business Standard
8 hours ago
- Business
- Business Standard
Hitachi Energy India soars 8%, hits new high; market cap nears ₹1 trillion
Hitachi Energy India share price today Shares of Hitachi Energy India hit a new high of ₹21,350, soaring 8 per cent on the BSE in Wednesday's intra-day trade on the back of a healthy business outlook. The stock price of the heavy electrical equipment company surpassed its previous high of ₹20,700 touched on June 30, 2025. In the past six months, the stock has outperformed the market by surging 73 per cent, as compared to 6 per cent rise in the BSE Sensex. Since January 28, 2025, the stock from its 52-week low, has more-than-doubled or zoomed 144 per cent from a level of ₹8,738.05 on the BSE. At 12:16 pm; Hitachi Energy was quoting 7 per cent higher at ₹21,157.65, as compared to 0.23 per cent gain in BSE Sensex. A sharp rally in the stock price has seen Hitachi Energy India's market capitalisation inch towards ₹ 1 trillion-mark. Currently, the company's market capitalisation stood at ₹94,305 crore, and was 6 per cent away to achieve ₹1 trillion mark. Check List of Q1 results today Hitachi Energy - Outlook In FY2024-25, Hitachi Energy India's order book increased to an all-time high of ₹18,173.80 crore. Orders were received from a combination of sectors - from utilities, renewable industries, rail, infrastructure and data centers. Power Grid Corporation of India awarded an order to the consortium of Hitachi Energy India and Bharat Heavy Electricals Limited (BHEL) to design and execute the high voltage direct current (HVDC) link to transmit renewable energy from Khavda in Gujarat to the industrial center of Nagpur in Maharashtra. As India underscores its commitment to economic development, the energy transition will be critical in ensuring sustainable and reliable electricity to power this growth. Deployment of technologies to make the grid flexible, digital, and secure will continue to be key drivers providing attractive medium to long term opportunities for power technologies, especially in our identified high-growth segments - renewables, HVDC, data centers, and electrification of transport. A growing urgency to accelerate energy transition in India and globally has significantly boosted investments in India's energy sector. This momentum is expected to continue in the coming years, creating more opportunities in the energy segment for the portfolio of Hitachi Energy India Limited, especially in the renewable space, Hitachi Energy India said in its FY25 annual report released on July 24, 2025. ICICI Securities view on Hitachi Energy India India is upgrading its grid to prime for evacuation of ~900GW (vs 400GW now). The nation is also targeting 43 per cent of electricity consumption by renewables by 2030 (vs 23 per cent now). As a result, transmission capex is set to pick up after FY20–24's subdued investment cycle. Analysts at ICICI Securities estimate ₹3.4 trillion of capex on inter-state transmission over the next 4–5 years. Out of which, the need for HV equipment is on the rise. With rising complexity of the grid due to a potential influx of renewables, unique challenges in stability shall emerge. To ensure a stable grid, the brokerage firm see the need for specialized equipment like statcoms, reactors etc. With Hitachi Energy being at the fore-front of this transition, analysts believe the company could see maximum benefit in India's pursuit of grid strengthening. However, currently, the stock is trading above analyst's target price of ₹18,000 per share. About Hitachi Energy India Hitachi Energy India is the Indian subsidiary of the Zurich-headquartered Hitachi Energy, and is committed to driving India's energy transition ambitions by advancing a sustainable energy future for all. Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core. The company engages in meaningful partnerships across sectors including utility, renewables, industry, transport and infrastructure, with a key focus on building truly sustainable power infrastructure.
Business Standard
a day ago
- Business
- Business Standard
Laxmi Organic declines after weak Q1 performance
Laxmi Organic Industries tumbled 4.53% to Rs 195.05 after the company reported 38% fall in consolidated net profit to Rs 21.4 crore on a 4% decline in revenue to Rs 692.9 crore in Q1 FY26 as compared with Q1 FY25. On the segmental front, Essentials revenue and Specialties revenue for Q1 FY26 was Rs 485.8 crore (up 4% YoY) and Rs 207.1 crore (down 18% YoY), respectively. Total volumes grew by 8%. The company said that reduction of Acetic Acid prices in the Essentials segment, anticipated phase out of a product serving the agricultural solutions industry and deferment of deliveries of few products impacted revenue in Q1 FY26. EBITDA fell by 57% to Rs 30.8 crore in Q1 FY26 from Rs 71.2 crore in Q1 FY25. EBITDA margin for Q1 FY26 was 4.4% as against 9.9% in Q1 FY25. Profit before tax for the first quarter was Rs 14.2 crore, down by 74% from Rs 54 crore posted in the same period last year. Rajan Venkatesh, MD & CEO, said: "The global chemical industry has been marked by continued efforts towards cost optimization, rerouting supply chain linked to evolving tariffs and regional conflicts, and a strong push towards innovation. Regional dynamics continue to play a crucial role in shaping the industry's trajectory. Acetic acid prices remained bearish. The spread for ethyl acetate continued to be subdued. That notwithstanding, we have sustained our volume growth momentum (+11%YoY) and in line with our strategy, continued the diversification into newer products. In this current backdrop, our primary focus for the Essentials segment remains achieving volume-driven profitable growth. The fluorine intermediates operations at the Lote facility are ramping up well, and we remain on track to deliver revenues as previously outlined (40-60% of peak revenues). At the upcoming Dahej site, the project remains on schedule in terms of timelines, scope and cost. We anticipate concluding the contract with Hitachi Energy to set up production of an eco-efficient gas used in their SF6-free high-voltage switchgear portfolio in Q2FY26. Building on our execution excellence, we can accommodate the capex for the same in the previously announced Rs 1,100 crore. Given the current operational backdrop, we will continue our focus on productivity, commercial excellence, execution excellence, cost discipline and growth projects. The end-to-end digitization of our supply-chain operations which has been started in Q1FY26 is one such example that should advance efficiency and predictability, reduce costs and improve agility to serve our customers. Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large-scale manufacturing of chemicals.
Zawya
6 days ago
- Business
- Zawya
IFS surges ahead in H1 2025: 30% ARR growth and breakthrough agentic AI cement industrial leadership
RELATED TOPICS EARNINGS RELATED COMPANIES Hitachi Arcelor Mittal Cellular Only Co Copperleaf Tech Japan Airlines Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, today announced record-setting H1 2025 results. The company is rewriting the rules of enterprise software with Industrial AI that acts, learns, and delivers. In H1, IFS outpaced legacy enterprise vendors, driving double-digit growth across all key performance metrics, further validating the strength of IFS's strategy, the scalability of its model, and accelerating momentum as the category leader in Industrial AI. IFS H1 2025 Key Financial Results: Annual Recurring Revenue (ARR): +30% YoY Cloud Revenue: +37% YoY Recurring Revenue: +24% YoY (now 82% of total revenue) Unlike traditional, legacy software vendors, IFS is purpose-built for the operational core of industrial businesses, powering the real-world systems that keep the world running. Average customer deal size from new customers continued to grow significantly in the first half of the year, with 130 leading industrial brands choosing to future-proof their growth with IFS in H1, including: Arcelor Mittal, Callaway, Collins Aerospace, Hitachi Energy, Japan Airlines, TotalEnergies. In addition to continued organic growth, IFS extended its Industrial AI lead with the acquisition of TheLoops, launching the first agentic AI workforce for complex industries. Complementing this, the launch of Nexus Black, IFS's AI innovation accelerator, is already delivering bespoke, scalable solutions that traditional platforms cannot match. Together, Nexus Black and TheLoops mark a new era for enterprise software, where self-learning AI agents operate in real time inside customer environments, reducing manual effort and accelerating decisions from edge to boardroom 'Our phenomenal growth proves customers are done with AI theory. They want AI that solves real problems, at scale, and are placing their trust in IFS to lead them through the Industrial AI revolution,' said Mark Moffat, CEO of IFS. 'The connection between our performance and AI innovation is unmistakable. As demand intensifies, IFS stands apart, thanks to our domain depth, contextual intelligence, and unwavering focus on industry.' Matthias Heiden, CFO of IFS commented: 'Our fiscal performance reflects the fast-growth, differentiated Industrial AI leader that IFS has become, with a disciplined financial model rooted in recurring revenue, resilient operations, and scale-ready agility. These same principles are built into our solutions to empower our customers to drive long-term value. With this strong foundation, we're not just growing, we're redefining what's possible for industrial enterprises.' Demand for AI-powered solutions from prior acquisitions – Copperleaf, Poka, Ultimo, P2 and EmpowerMX – remains strong and continues to contribute meaningfully to IFS's growth. IFS's thriving global network of strategic partners also played a key role in enabling continued scaling and deal size growth. H1 Highlights: AI and Innovation Launched Nexus Black: bespoke accelerator for industrial-grade scalability and security Acquired TheLoops: first agentic AI workforce for mission-critical industries Released IFS Cloud 25R1: made 200+ AI-driven capabilities Market Momentum and Recognition EUR 15 billion valuation amid soaring Industrial AI demand Only company named Customers' Choice in the 2025 Gartner Peer Insights Voice of the Customer for EAM report IFS ranked #1 for EAM for fourth consecutive year, Gartner Market Share: Enterprise Software, Worldwide, 2024 report Named a Leader in two IDC MarketScape 2024-2025 Vendor Assessments in two IDC MarketScape 2024-2025 Vendor Assessments IFS appointed Advisor to UK Parliamentary Group on AI -Ends- About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit to learn why. IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email:
