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Hitachi Energy shares hit 20% upper circuit post-Q3 results

The company's net profit rose over five times to Rs 137 crore in the December quarter

January 30, 2025 / 10:37 IST
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    Shares of Hitachi Energy India Limited on January 20 had hit 20% upper circuit after the positive December quarter results.

    At 10:20 am, the Hitachi Energy India shares were trading 20% higher at Rs 12,158 apiece. The 52-week low of the stock is Rs 5,637 and 52-week high is Rs 16,550. The market capitalisation of the stock is Rs 51,527 crore.

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    The company's net profit rose over five times to Rs 137 crore in the December quarter. The company had operational EBITDA at Rs 168.9 crore, leading to a double-digit margin of 10.1 percent.

    The quarter saw company orders growing at a high triple-digit rate YoY basis, on the back of large High-Voltage Direct Current (HVDC) order. Therefore, contributing to the company's double-digit operational EBITDA margin.

    It reported a 31 percent year-on-year increase in revenue, reaching Rs 1,672.4 crore for the October-December 2024 quarter, driven by a favorable execution mix and improved operational efficiencies. The company achieved a debt-free status as of December 31, 2024, following a strong cash position fueled by successful collections and an advance from its HVDC project.

    The company also recorded its highest-ever quarterly order of Rs 11,594.3 crore for the period, largely driven by a significant HVDC order for renewable energy transmission from Gujarat to Maharashtra. The transmission segment, excluding HVDC, was the primary growth driver, followed by power quality and substation projects. Notably, transportation, industries, and data centers also contributed to the strong performance.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

     

    Moneycontrol News
    first published: Jan 30, 2025 10:37 am

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