Shares of Hitachi Energy India surged more than 9% in trade after the company reported a robust performance for the December quarter, driven by sharp growth in revenue, profitability, and margins on a year-on-year basis. The strong Q3 numbers reinforced investor confidence amid sustained demand from India’s power transmission and renewable energy segments.
Q3 Revenue Jumps Nearly 29% YoY
Hitachi Energy reported standalone revenue of ₹2,082 crore for Q3, marking a growth of 28.5% compared with ₹1,620 crore in the same quarter last year.
EBITDA More Than Doubles, Margins Expand Sharply
Operating performance improved significantly during the quarter. EBITDA surged 106.6% year-on-year to ₹345 crore from ₹167 crore in Q3 of the previous financial year. The EBITDA margin expanded by 630 bps to 16.6% compared with 10.3% last year, indicating better operating leverage, cost efficiencies, and an improved project mix.
Net Profit Rises Over 90% YoY
The company’s bottom line also witnessed strong growth. Net profit for the quarter rose 90.3% year-on-year to ₹261 crore, compared with ₹137 crore in the corresponding quarter last year.
Market Reaction and Outlook
Following the strong Q3 performance, Hitachi Energy shares rallied over 9% as investors reacted positively to the earnings beat and margin improvement.