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Hitachi Energy India Ltd Q2FY24; 32% fall in Profits

Hitachi Energy India Ltd (formerly known as ABB Power Products and Systems India Ltd.) was created in 2019 as a Joint Venture between Hitachi and ABB’s Power Grids. The company serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology.

Financial Results:

Hitachi Energy India Ltd reported Revenues for Q2FY24 of ₹1,228.00 Crores up from ₹1,115.00 Crore year on year, a rise of 10.13%.

Total Expenses for Q2FY24 of ₹1,196.00 Crores up from ₹1,064.00 Crores year on year, a rise of 12.41%.

Consolidated Net Profit of ₹25.00 Crores down 32.43% from ₹37.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.84, down 33.41% from ₹8.77 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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