Hitachi Energy shares soared by 20% to an intraday high of ₹12,157.95 in early trading on January 30, following the release of its impressive December 2024 quarter results.
The company reported a staggering five-fold increase in net profit, boosting investor confidence.
For the October-December period, Hitachi Energy’s net profit jumped by 498% year-on-year to ₹137.4 crore, compared to ₹52.3 crore in the previous quarter.
Revenue Growth and Key Drivers
The company’s revenue grew by 31% year-on-year, reaching ₹1,672.4 crore in Q3FY25, driven by better execution
and improved operational efficiencies. EBITDA for the quarter stood at ₹168.9 crore, achieving a margin of 10.1%.
Additionally, Hitachi Energy recorded its highest-ever quarterly order intake of ₹11,594.3 crore as of December 31, 2024.
This was largely fueled by a significant high-voltage direct current (HVDC) order to transmit renewable energy from Khavda, Gujarat, to Nagpur, Maharashtra.
Strong demand from the transmission segment, including power quality and substation projects, further supported growth.
Other sectors such as transportation, industry, and data centers also contributed significantly.
Notably, exports—excluding the one-time HVDC order—accounted for over 40% of total orders, with key markets being Australia, Indonesia, Canada, and Croatia.
Shareholder Returns and Market Outlook
Over the past five years, Hitachi Energy has delivered a remarkable 1,400% return to its shareholders.
Following the 20% surge on Thursday, the stock was trading at ₹12,277.4, although it remains about 40% below its all-time high.
Market sentiment remains optimistic, with four out of six analysts recommending a ‘buy’ on the stock, citing a potential upside of 27%.
The December quarter also saw 76,124 small shareholders (holding up to ₹2 lakh each) owning an 8.55% stake in the company.
