Latest news with #NVenu
&w=3840&q=100)
Business Standard
a day 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.
News18
a day ago
- Business
- News18
Hitachi Energy India Q1 profit jumps multi-fold to Rs 132 cr
New Delhi, Jul 30 (PTI) Hitachi Energy India on Wednesday posted multi-fold increase in net profit at Rs 131.60 crore for June quarter 2025-26 mainly due to higher revenues and lower base effect. The company logged a net profit of Rs 10.42 crore in the same period a year ago. Revenue rose to Rs 1,529.84 crore in the quarter from Rs 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 Rs 11,339.2 crore, higher than Rs 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 Rs 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. PTI KKS ANU view comments First Published: July 30, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
27-06-2025
- Business
- Business Standard
Hitachi Energy share price pops 2% on securing deal from Power Grid Corp
Hitachi Energy shares moved higher in today's trade after the company announced an order win from Power Grid Corporation of India. SI Reporter New Delhi Hitachi Energy share price: Hitachi Energy shares rose up to 2.27 per cent to hit an intraday high of ₹19,849.10 per share on the last trading day of the week i.e. Friday, June 27, 2025. At 9:40 AM, Hitachi Energy shares continued to trade higher, up 1.17 per cent at ₹19,633.85, outperforming BSE Sensex, which was flat with a positive bias at 83,803.57 levels. Why did Hitachi Energy share price rise today? Hitachi Energy shares moved higher in today's trade after the company announced an order win from Power Grid Corporation of India. The order is for the supply of 30 ultra-high-voltage (UHV) 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. 'From a technology provider perspective, this shift helps us plan capacity investments, reserve supply chains, and ensure timely delivery. In addition to being the leading transformer manufacturer, Hitachi Energy brings its global technology prowess and local expertise across the energy value chain to be a partner of choice in mission-critical nation-building projects to inspire the next era of sustainable energy,' said N Venu, managing director and CEO, Hitachi Energy India. The development comes amid rising demand for high-capacity transformers in India, driven by the country's push for a sustainable and secure energy transition. With growing integration of renewable energy and electrification of key sectors, transformer demand in India has surged at an annual rate of 15 per cent over the past two years. The 765 kV transformers play a crucial role in boosting grid reliability, efficiency, and capacity. These systems enable bulk power transmission over long distances, reducing losses and operational costs while improving affordability and minimising land use and construction costs. Once installed, the transformers are expected to support the power needs of around 30 million Indian households. Hitachi Energy will manufacture the units at its Maneja facility in Vadodara, Gujarat, reinforcing its commitment to 'Make in India'. In a related innovation, Hitachi Energy also successfully tested the world's first 765-kV / 400-kV, 250 MVA transformer filled with natural ester oil—a biodegradable and safer alternative to conventional insulating fluids—underscoring the company's technological leadership in ultra-high-voltage AC equipment. About Hitachi Energy Hitachi Energy is a global technology leader advancing the world's energy systems toward a sustainable future. The company delivers cutting-edge electrification and power grid solutions. Backed by more than a century of expertise, Hitachi Energy has been at the forefront of mission-critical technologies including high-voltage equipment, transformers, automation systems, and power electronics. The company plays a crucial role in addressing today's most pressing energy challenge: meeting rising electricity demand while driving the decarbonisation of power systems. With a vast installed base spanning over 140 countries, Hitachi Energy partners closely with customers across utilities, industries, transportation, data centers, and infrastructure sectors. Headquartered in Switzerland, the company operates in 60 countries with a workforce of more than 50,000 employees, and generates annual revenues of approximately $16 billion.
Time of India
27-06-2025
- Automotive
- Time of India
Hitachi Energy India bags order to supply 30 units of 765 kV transformers to POWERGRID
Hitachi Energy India on Thursday said it has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV) transformers. The required transformers will be manufactured at Hitachi Energy India's power transformer factory in Maneja, Vadodara, Gujarat, according to a statement. UHV AC 765 kV transformers will enhance the Powergrid 's security, reliability, and efficiency, helping to meet increasing energy demands, the statement said. The financial details of the order were not disclosed. Once installed, these transformers can transmit the power equivalent to the average power consumption of 30 million households in India, it added. Higher voltage transmission, such as 765 kV, enables efficient bulk transfer of power over long distances, significantly reducing losses and lowering operating costs, making electricity more affordable for consumers. Amid the increasing global demand for grid infrastructure, utilities are swiftly shifting their planning horizons from near-term project-based to longer-term programme-based, the company said. "From a technology provider perspective, this shift helps us plan capacity investments, reserve supply chains, and ensure timely delivery," N Venu, Managing Director & CEO of Hitachi Energy India, said. "In addition to being the leading transformer manufacturer, Hitachi Energy brings its global technology prowess and local expertise across the energy value chain to be a partner of choice in mission-critical nation-building projects to inspire the next era of sustainable energy ," Venu said. Recently, Hitachi Energy successfully tested a 765 kV/ 400 kV single-phase, 250 MVA natural ester-filled oil transformer . This breakthrough innovation makes this transformer the first in the world at this voltage and power level, with the implementation of ester oil providing a biodegradable and safety-by-design option for operators of ultra-high-voltage alternating current (AC) grids, the company 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. Headquartered in Switzerland, it employs over 50,000 people in 60 countries and generates revenues of around USD 16 billion.
Time of India
27-06-2025
- Business
- Time of India
Hitachi Energy India shares in focus after winning 765 kV transformer order from Power Grid Corp
Hitachi Energy India shares will be in focus on Friday after the company announced it has secured a major order from Power Grid Corporation of India to supply 30 units of 765 kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers . The order comes as India steps up investments in power transmission to support its growing energy needs. The equipment will be manufactured at Hitachi Energy's transformer facility in Maneja, Vadodara, aligning with the government's 'Make in India' initiative. Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to rally up to 60% According to the company, India's demand for power transformers has been growing at an average annual rate of 15% over the past two years, driven by surging demand from renewable energy, industrial electrification, and electric transport. 'From a technology provider perspective, this shift helps us plan capacity investments, reserve supply chains, and ensure timely delivery,' said N Venu, Managing Director and CEO, Hitachi Energy India. He added that the company is leveraging global expertise and local capabilities to support the country's energy transition. Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say Ultra-high-voltage alternating current (UHVAC) transformers like the 765 kV units are critical to transmitting large amounts of electricity over long distances while reducing energy loss and land use. Once operational, these transformers will support the transmission of electricity to approximately 30 million households, the company said. Higher voltage also helps cut operating costs and improves grid reliability, making it easier for utilities to meet rising electricity demand efficiently. Delivery will follow Power Grid's infrastructure development timeline. In a separate milestone, Hitachi Energy recently completed successful testing of a 765 kV/400 kV single-phase 250 MVA transformer filled with natural ester—marking a global first at this voltage and capacity. Natural ester is a biodegradable, safer alternative to traditional mineral oils used in transformers. Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? Hitachi Energy India share price target According to Trendlyne, the average target price for Hitachi Energy India is Rs 16,363, implying a potential downside of around 16% from current levels. Of the 10 analysts covering the stock, the consensus rating remains 'Buy'. Hitachi Energy India shares closed 1.15% lower at Rs 19,407 on the BSE on Thursday. The stock has surged nearly 60% over the past three months and has delivered multibagger returns of 365% in two years and 520% over the past three years. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
