Shares of Hitachi Energy India Ltd. fell close to 5% today, trading at ₹13,402.90, down by ₹636.45.
Key Financial Highlights for Q2 FY25
- Net Profit: Hitachi Energy posted a significant 111.4% year-on-year (YoY) increase in net profit, reaching ₹523 million, compared to ₹247 million in the same quarter last year.
- Net Sales: The company’s net sales surged 26.5% YoY to ₹15,537 million, up from ₹12,280 million in the corresponding period of the previous year.
Annual Performance (FY24)
For the fiscal year ended March 2024, Hitachi Energy reported a 74.4% rise in net profit to ₹1,638 million, with revenue growth of 17.2% YoY, reaching ₹52,375 million.
Share Price History
The recent decline follows a string of volatile trading sessions:
- November 8, 2024: Closed at ₹14,039.35, down by 2.19%.
- November 7, 2024: Closed at ₹14,353.85, down by 3.13%.
- November 6, 2024: Closed at ₹14,817.25, up by 5.94%.
Investors appear cautious despite strong financial results, possibly influenced by recent volatility in the stock’s performance.
TOPICS:
Hitachi Energy