Hitachi Energy India’s stock hit a 20% upper circuit on Thursday, reaching ₹12,157.95 per share in morning trade. This significant surge came after the company reported an extraordinary 498% year-on-year (YoY) increase in its consolidated net profit for the December quarter, bouncing back from a previous loss.
- Massive PAT Growth: The company posted a net profit of ₹137.38 crore in Q3FY25, compared to a loss of ₹22.97 crore a year ago.
- Revenue Surge: Total revenue rose by 27.8% YoY to ₹1,582.68 crore from ₹1,238.86 crore.
- Record-High Orders: Hitachi Energy secured its highest-ever quarterly order of ₹11,594.3 crore, along with an order backlog of ₹18,994.4 crore, ensuring strong revenue visibility.
Stock Performance and Market Impact
At around 11:17 AM, Hitachi Energy’s stock price stood at ₹12,157.95 per share, reflecting a full 20% upper circuit on the BSE. Meanwhile, the BSE Sensex was up 0.37% at 76,818.68. The company’s market capitalization reached ₹51,527.43 crore. Over the past year, the stock has delivered a staggering 80.5% return, significantly outperforming Sensex’s 7.5% gain.
Strong Growth Driven by International Orders
The company’s Q3 performance was boosted by strong global demand. Excluding a one-time high-voltage direct current (HVDC) order, exports contributed over 40% of total orders. Key markets included Australia, Indonesia, Canada, Croatia, and Azerbaijan. Additionally, the service segment accounted for 11% of total orders, excluding HVDC.
Future Prospects and Business Focus
Hitachi Energy specializes in cutting-edge technology solutions for the energy sector, focusing on electrification, automation, grid integration, and renewable energy advancements. The company plays a crucial role in transitioning to cleaner, more efficient energy systems. With its record-breaking order backlog, Hitachi Energy is well-positioned for continued growth in the coming quarters.
