Hitachi Energy India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 05:30 am
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Hitachi Energy India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,922.2 million compared to INR 10,848.6 million a year ago. Revenue was INR 12,281.6 million compared to INR 11,150 million a year ago. Net income was INR 247.4 million compared to INR 371.7 million a year ago. Basic earnings per share from continuing operations was INR 5.84 compared to INR 8.77 a year ago. Diluted earnings per share from continuing operations was INR 5.84 compared to INR 8.77 a year ago.
For the six months, sales was INR 21,963.9 million compared to INR 20,443.1 million a year ago. Revenue was INR 22,711.6 million compared to INR 21,063.2 million a year ago. Net income was INR 271.5 million compared to INR 385.1 million a year ago. Basic earnings per share from continuing operations was INR 6.41 compared to INR 9.09 a year ago. Diluted earnings per share from continuing operations was INR 6.41 compared to INR 9.09 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.
HITACHI ENERGY INDIA LIMITED 
