Hitachi Energy's Q4 net profit surged 123.7%, leading to shares increasing over 8%.
Hitachi Energy's shares soared over 8% following the announcement of a 123.7% increase in its Q4 net profit, reaching Rs 113.7 crore. Revenue from operations rose by 27.2% YoY to Rs 1,699.2 crore, and EBITDA increased by 96.3% YoY to Rs 150.1 crore. The company's full-year FY24 PAT was Rs 163.8 crore, and revenue stood at Rs 5536.3 crore, a 74.4% and 14.0% increase YoY, respectively. The strong revenue performance was attributed to a favourable external environment, sustained economic growth, and ongoing investments.
May 22, 2024
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