Page 3 - Hitachi Energy India
Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore
Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy said in a statement. The company delivered strong revenues of Rs 1,699.2 crore, up 27.2 per cent year-on-year from Rs 1,336.3 crore in the year-ago period. This (revenue growth) was a result of solid order execution, reflecting a diverse revenue mix and focus on continuous improvement in operations, it said. The board of directors has recommended a final dividend of Rs 4 per share of face value of Rs 2 each, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). In the March quarter, the orders totalled Rs 1,406.7 crore, up 11.5 per cent from Rs 1,262 crore a year ago. "A strong revenue performance, helped by a favourable external environment helped to deliver double digit margins," Hitachi Energy In
 "Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore")
Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21
Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today
 "Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21")
Hitachi Energy shares hit 52-week high on expansion plans
Venu Nuguri, the managing director and CEO of Hitachi Energy's India unit, disclosed plans to potentially establish a GCC in Hyderabad and Pune within the next six months to a year
 "Hitachi Energy shares hit 52-week high on expansion plans")
