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