Hitachi Energy India was quoted at about Rs. 21,425.80 in the mid-morning session, up 11.5%, after having earlier touched an intraday high of around Rs. 21,900 (+14%) on the back of its Q3FY26 print and outlook commentary.

The move came after the company reported a strong set of Q3FY26 earnings and reiterated a healthy business outlook, with the counter seeing sharp follow-through buying into late morning trade on BSE.

For the quarter ended December 31, 2025, the company said revenue rose 30% (YoY) to Rs 2,168.0 crore, while profit after tax increased 90% to Rs 261.4 crore and operational EBITDA margin expanded to 16% with operational EBITDA of Rs 338 crore, reflecting stronger execution and cost discipline. Sequentially, profit was marginally lower, which the company attributed to the impact following implementation of the new labour code, keeping the headline performance strong but with a note of one-off operating noise in the quarter.

Order momentum and backlog remained the key highlight, with quarterly orders of Rs 2,478 crore, up 74% YoY after excluding a large prior-year order, led by transformers, reactors, GIS and AIS. Exports accounted for 30% of orders in the quarter, and the order backlog rose to its highest-ever level of Rs 29,872 crore as of December 31, 2025, supporting revenue visibility for the next several quarters, with data centres and renewables among the major contributors.

Management said the results reflect the accelerating pace of electrification and growing AI-driven power demand, positioning the company to participate in India’s expanding grid and energy-transition capex cycle, while also pointing to export opportunities and services wins as part of the mix. Hitachi Energy, which is headquartered in Switzerland, operates in India through Hitachi Energy India Limited, listed as POWERINDIA.