Heavy Electrical Equipment company Hitachi Energy India announced Q2FY25 results Orders totaled Rs 1,952 crore, up 11.7% YoY, during Q2FY25. As of Q2FY25, the order backlog stood at a record high of Rs 8,910 crore, providing revenue visibility for the coming several quarters. Revenue for Q2FY25 were Rs 1,553.8 crore. Showcasing a strong revenue growth of 26.5 % YoY on the back of favorable mix and good order execution during quarter. Profit before tax for Q2FY25 was Rs 70.6 crore, up by 118% YoY, and profit after tax was Rs 52.3 crore, up by 111.4% YoY. Operational EBITDA for Q2FY25 was Rs 126.3 crore, resulting in a margin of 8.1%. N Venu, MD & CEO of Hitachi Energy India, said: "The growing urgency to accelerate energy transition in India and across the globe has significantly boosted investment in the energy sector." "This surge has created favorable conditions for our overall business, leading to increased order intake, revenue, and profitability. Our focused approach toward strong execution of orders with better margins and operational efficiency contributed to favorable performance in Q2FY25.” Result PDF
Heavy Electrical products company Hitachi Energy India announced Q1FY25 results: Revenues for the March-June 2024 quarter were Rs 1,327.3 crore, up 27.3% YoY. Profit before tax for the quarter was Rs 15.1 crore and profit after tax was Rs 10.4 crore, both up around three times YoY. Operational EBITDA for the first quarter was Rs 61.5 crore (Op.EBITDA margin 4.6%) reflecting seasonality and business mix. In the quarter ended June 30, 2024, orders totaled Rs 2,436.7 crore, more than doubling YoY. “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 our strong order intake and record order backlog which we are 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.” Result PDF