Hitachi Energy India Q1 results: Net profit jumps four-times to Rs 10.4 cr
Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues.
The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing.
Revenues rose to Rs 1,327.3 crore from Rs 1,043 crore.
"As the energy transition gathers pace, investments in the power sector - especially renewables continued to grow," said N Venu, MD & CEO of Hitachi Energy India.
This is reflected in the company's strong order intake and record order backlog which it is steadily converting to revenues through solid execution while keeping a close watch on costs.
"We are optimistic on ongoing market support, especially in our identified high growth segments - renewables, HVDC, data centers, electrification of transport, etc," he added.
In June quarter, orders totalled Rs 2,436.7 crore, more than double as compared to the year-ago period.
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