Hitachi Energy to accelerate sustainable mobility in Germany’s biggest city: Grid-eMotion™ Fleet smart charging solution to help the City of Berlin reach its goal of a zero-emission bus fleet by 2030
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Hitachi Energy wins ₹160 Crore order from MP Power Transmission Package-II Limited to modernize the Madhya Pradesh power grid
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The known culprits for impacting margins, have affected. Semi conductor shortage & high Freight costs.
Growth in Solar & Wind has taken a backseat, as visible in EPC & OEM channel growth rates.
Adani also highlighted this at Davos yesterday that things are slowing down in renewable space with his overswing remark. Even if the Ukraine crisis is over, I guess the growth rates in renewable will not jump back up and will be slow over the next few years as inflation cools down gradually till at-least the developed nations first resolve with their own energy security and needs. Not sure how long the exports can keep growing at decent rates.
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Q1FY25 Concall Summary
Business Updates
- The order backlog as on end of the quarter was at Rs 8539 crores which is highest since inception of the company
- The new greenfield plant at Chennai has received orders not just from India but from other parts of the world
Participants
Goldman Sachs
HDFC Securities
LIC Mutual Fund
PL Capital
Birla Mutual Fund
UBS
Jupiter Financial
QnA
- At end of FY25 the EBITDA margins will get into double digits
- There is a lot of bidding activity in the transmission space and due to the elections ongoing there were delays but it will accelerate going forward
- The first priority is to serve the domestic market, as there is tremendous demand in the country. The management is keeping provisions to cater to demand in the world as well
- The company initially had 10% of sales from exports which has now gone around 30% of revenues without even taking large scale orders from abroad
- One of the largest producers of medium voltage transformers in India and also the world with decent market share in the country
- Globally the parent will be investing $1.5 billion to enhance the capacity of transformers and in India the company has added capacity with new greenfield expansion
- The project in Australia that was announced was from the factory in Chennai and demand is coming from all across the world
- Going forward India can become a manufacturing hub for transformers to the world as there are enough resources to do the same
- In terms of exports already gone above 25% of revenues and trending upwards from there as well towards 30%
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hitachi energy new investment in india
Hitachi Energy plans to invest approximately ₹2,000 crore (about $250 million USD) in India over the next four to five years. This investment aims to expand the capacity of power transformers, upgrade testing capabilities, and relocate the bushings factory to support India’s growing energy demands. The company also plans to boost the traction transformers factory for railway modernization and introduce new products like the REF650 medium voltage protection relay. This initiative aligns with Hitachi Energy’s 2030 strategic growth plan, focusing on sustainable energy solutions and digitalization.
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Are there in valuation concerns,given the current PE of 252
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HItachi | Management Interview
- Endeavour to improve margin QoQ or at least hold on to current level
- Their aim is to sustain revenue growth momentum. Adds, they continue to invest in HVDC technology.
Watch the interview here
Hitachi Energy | Work Order
Hitachi Energy India Limited has received a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited for designing and executing a High Voltage Direct Current (HVDC) link to transmit renewable energy from Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh).
- The project will establish a 6000 MW HVDC terminal station at both locations.
- It is awarded to a consortium of Hitachi Energy India and BHEL.
- The contract is domestic and will be executed over multiple years.
Watch here
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Very Strong Q3FY26 Numbers; Margins Improved with High Double-Digit Topline Growth
Massive Investment Projection an estimated investment of 8.8 Lakh Cr in the Indian data center segment by 2027.
Source:
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