Hitachi Energy Shares Soar 20% After 498% Profit Jump

Hitachi Energy India’s shares surged 20% on Thursday, reaching ₹12,157.95 per share, after the company reported an impressive 498% increase in its profit after tax (PAT) for the December quarter.

Impressive Profit and Revenue Growth 

For Q3, Hitachi Energy posted a net profit of ₹137.38 crore, compared to a loss of ₹22.97 crore in the same period last year. The company’s revenue also grew by 27.8%, reaching ₹1,582.68 crore from ₹1,238.86 crore in Q3 of the previous year.

Record Orders and Backlog 

The company achieved its highest-ever quarterly order value of ₹11,594.3 crore in Q3, with a notable increase in exports, particularly in power quality, substation, and renewable orders from countries like Australia, Indonesia, Canada, and others. As of December 31, 2024, Hitachi Energy also recorded a record order backlog of ₹18,994.4 crore, ensuring strong revenue visibility in the coming quarters.

Company Overview 

Hitachi Energy is a global leader in energy solutions, specialising in electrification, automation, grid integration, and renewable energy technologies. The company is focused on advancing sustainable energy systems and supporting the transition to cleaner energy sources.

In the past year, Hitachi Energy shares have risen by 80.5%, outpacing the BSE Sensex, which rose 7.5%.

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