Hitachi Energy India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 23, 2024 at 10:35 am EST
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Hitachi Energy India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 12,388.6 million compared to INR 9,973.6 million a year ago. Revenue was INR 12,764.2 million compared to INR 10,410.3 million a year ago. Net income was INR 227.4 million compared to INR 45.8 million a year ago. Basic earnings per share from continuing operations was INR 5.42 compared to INR 1.08 a year ago. Diluted earnings per share from continuing operations was INR 5.42 compared to INR 1.08 a year ago.
For the nine months, sales was INR 34,352.5 million compared to INR 30,416.7 million a year ago. Revenue was INR 35,475.8 million compared to INR 31,473.5 million a year ago. Net income was INR 501.2 million compared to INR 430.9 million a year ago. Basic earnings per share from continuing operations was INR 11.83 compared to INR 10.17 a year ago. Diluted earnings per share from continuing operations was INR 11.83 compared to INR 10.17 a year ago.
Hitachi Energy India Ltd is an India-based power technology company, which is engaged in providing a comprehensive grid portfolio across the entire value chain. The Company provides products and solutions, including asset & work management, cable accessories, capacitors and filters, communication networks, cooling systems, disconnectors, energy storage, generators circuit-breakers (GCB), semiconductors, substation automation, protection & control, substations & electrification, surge arresters, transformers, transformer insulation and components, and high voltage switchgear and breakers and others. It also provides service and consulting, such as install & commission, assess & secure, train & develop, parts & maintain, upgrade, repair & extend, sustain & decarbonize and replace & decommission. Its consulting services provide a comprehensive combination of business, functional, and technical expertise. Its transportation solutions include railway, eMobility, aviation and marine.