Hitachi Energy shares jumped by 20% to an intraday high of ₹12,157.95 in early trading on January 30. The sharp rise is attributed to the company’s stellar performance in the December 2024 quarter.
After the market closed on Wednesday, the company released its third-quarter financial results, reporting a remarkable five-fold increase in net profit.
During the October-December quarter, the company’s net profit surged by 498% year-on-year to ₹137.4 crore, compared to ₹52.3 crore in the previous quarter.
Revenue Growth and Operational Highlights
Hitachi Energy’s revenue grew by 31% year-on-year, reaching ₹1,672.4 crore in Q3FY25, supported by an improved execution mix and better operational efficiencies.
The company recorded an EBITDA of ₹168.9 crore for the quarter, reflecting a double-digit margin of 10.1%.
The company also achieved its highest-ever quarterly order intake of ₹11,594.3 crore by December 31, 2024.
This growth was driven by a significant high-voltage direct current (HVDC) order to transmit renewable energy from Khavda, Gujarat, to Nagpur, Maharashtra.
In addition, orders from the transmission segment (excluding HVDC) saw strong momentum, supported by power quality and substation projects.
Sectors like transportation, industry, and data centers also contributed significantly. Excluding the one-time HVDC order, exports made up over 40% of total orders in Q3FY25, with major contributions from countries like Australia, Indonesia, Canada, and Croatia.
Share Performance and Market Sentiment
Hitachi Energy has delivered a massive 1,400% return to its shareholders over the last five years. Currently, four out of six analysts have a ‘buy’ rating on the stock, with a potential upside of 27%.
After a 20% gain on Thursday, shares were trading at ₹12,277.4, though the stock remains nearly 40% below its peak.
As of the December quarter, the company had 76,124 small shareholders (holding up to ₹2 lakh each), collectively owning an 8.55% stake in the company.