Now Reading: Hitachi Energy India shares jump 11% on Q1 profit surge
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Hitachi Energy India shares jump 11% on Q1 profit surge
Shares of Hitachi Energy India surged over 11% on Monday after the company reported a more than twofold jump in net profit for the June quarter of FY27. Consolidated net profit rose…
The Story in Brief
Shares of Hitachi Energy India surged over 11% on Monday after the company reported a more than twofold jump in net profit for the June quarter of FY27. Consolidated net profit rose to Rs 294 crore from Rs 131.6 crore a year ago, while revenue from operations climbed to Rs 2,493.7 crore from Rs 1,478.9 crore, according to a company statement.
Operational EBITDA stood at Rs 399.9 crore, translating to a 16% margin. The company reported order inflows of Rs 5,096.5 crore during the quarter, taking its order backlog to a record Rs 32,222.1 crore. Managing Director N Venu attributed the performance to robust demand driven by energy transition and security opportunities across India and global markets.
The Indian Opinion
The excitement around Hitachi Energy India is understandable, but it feeds a lazy narrative that every energy-transition stock is a sure winner. The stock trades near Rs 36,000, with resistance at Rs 36,900-37,000. Analysts themselves flag that a dip below Rs 34,200 could end the rally. Investors should not confuse a strong quarter with a perpetual uptrend. The real test will come if the stock holds above that support level in the coming sessions.
Source: livemint.com
This story was synthesised by AI from the source linked above.
