Rs 8,539.4 crore order book and FIIs increase stake: This multibagger power and data center stock report 332 per cent jump in net profit; gains about 500 per cent!

Shares of the company gained about 100 per cent in the last six months.

Hitachi Energy India Limited have posted robust Quarterly Results. The revenue of the company for Q1FY25 stood at Rs 1,293.33 crore which grew by 28.8 per cent YoY. The operating profit of the company stood at Rs 47.99 crore, while the PAT of the company stood at Rs 10.42 crore, representing an impressive growth of 332.37 per cent YoY.

The company experienced significant order growth in the last quarter, more than doubling compared to the previous year, reaching Rs 2,436.7 crore. This growth was primarily driven by the renewables sector, with projects spanning grid integration, power quality, and upgrades to existing power plants. Additionally, the company secured orders for digital solutions in the distribution utility segment and expanded its export market, particularly in Europe, the Middle East, and Australia. With a record-high order backlog of Rs 8,539.4 crore, the company has a strong revenue pipeline for the coming quarters. Additionally, FIIs increased their stake in the company in June 2024.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. The company is advancing the world’s energy system to be more sustainable, flexible and secure and it collaborates with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centres and infrastructure sectors.

The stock has shown impressive growth, and investors should keep a close eye on this stock.  

Disclaimer: The article is for informational purposes only and not investment advice.