Hitachi Energy India shares soar 14% as Q3 net profit jumps 90%. Should you buy, sell or hold?
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Shares of Hitachi Energy India rallied as much as 14% to their day’s high of Rs 21,900 on the BSE on Friday, after the company’s third-quarter net profit jumped 90% to Rs 261.40 crore. In the same quarter last year, net profit came in at Rs 137 crore. The company’s revenue from operations came in at Rs 2,168 crore, marking a 30% increase from Rs 1,672 crore reported in the corresponding quarter of the previous financial year. The company reported a double-digit operational EBITDA margin of 15.6%, reinforcing its operational strength and strategic agility. It also achieved its highest-ever order backlog of Rs 29,872.2 crore, driven largely by robust demand in India and other key markets, expanding market share, and the successful execution of key strategic initiatives. Management said the recent EU India FTA is set to strengthen clean energy collaboration, particularly in renewables and green hydrogen. This could unlock significant opportu...