Now Reading: Hitachi Energy India Q1 profit jumps over twofold to Rs 294 crore
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Hitachi Energy India Q1 profit jumps over twofold to Rs 294 crore
Hitachi Energy India Q1 profit jumps over twofold to Rs 294 crore
Economic Times reports that Hitachi Energy India's net profit more than doubled to Rs 294.2 crore in the June quarter of FY27, from Rs 131.6 crore a year ago. Revenue from operations…
The Story in Brief
Economic Times reports that Hitachi Energy India's net profit more than doubled to Rs 294.2 crore in the June quarter of FY27, from Rs 131.6 crore a year ago. Revenue from operations rose to Rs 2,493.7 crore from Rs 1,478.9 crore. The company booked orders worth Rs 5,096.5 crore in the quarter, taking its order backlog to a record Rs 32,222.1 crore.
Managing Director N Venu attributed the performance to strong market momentum driven by the energy transition and security efforts in India and globally. The company's Q1 results follow a trend of robust growth in the power equipment sector, as the country ramps up renewable energy and grid modernisation projects.
The Indian Opinion
The narrative that India's energy transition is unstoppable gets a boost from Hitachi's numbers. But one quarter does not make a trend. The real test will be whether the company can keep its margins as it works through the Rs 32,222 crore order book. Also, global demand may slow if economies cool. The next quarter's order inflow will be a better indicator of sustainability.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
