Latest news with #HitachiEnergyIndiaLtd.
Time of India
28-05-2025
- Business
- Time of India
Stock market update: Power stocks mixed as market falls
ADVERTISEMENT NEW DELHI: Power shares closed lower in the Wednesday's Energy Ltd.(up 20.00%), Hitachi Energy India Ltd.(up 5.93%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Indowind Energy Ltd.(up 3.84%), ACME Solar Holdings Ltd.(up 3.21%), NTPC Green Energy Ltd.(up 2.98%), Transrail Lighting Ltd.(up 2.43%), KEC International Ltd.(up 1.56%), NLC India Ltd.(up 1.51%) and Inox Wind Energy Ltd.(up 1.50%) stood among the top Agro Powers Ltd.(down 5.00%), Reliance Power Ltd.(down 3.10%), Torrent Power Ltd.(down 2.05%), Indo Tech Transformers Ltd.(down 1.79%), GMR Power and Urban Infra Ltd.(down 1.71%), Tata Power Company Ltd.(down 1.46%), Adani Energy Solutions Ltd.(down 1.16%), Power Grid Corporation of India Ltd.(down 1.16%), Adani Green Energy Ltd.(down 1.11%) and Gujarat Industries Power Company Ltd.(down 1.01%) were among the top losers of the NSE Nifty50 index ended 73.75 points down at 24752.45, while the 30-share BSE Sensex closed down 239.31 points at Life Insurance Company Ltd.(up 1.76%), Bharat Electronics Ltd.(up 1.32%), Bajaj Finance Ltd.(up 1.06%), Bharti Airtel Ltd.(up 0.67%), Hero MotoCorp Ltd.(up 0.56%), ICICI Bank Ltd.(up 0.52%), Adani Ports & Special Economic Zone Ltd.(up 0.49%), NTPC Ltd.(up 0.45%), State Bank of India(up 0.36%) and HCL Technologies Ltd.(up 0.32%) stood among the top gainers in the Nifty the other hand, ITC Ltd.(down 3.16%), IndusInd Bank Ltd.(down 1.9%), Nestle India Ltd.(down 1.71%), Apollo Hospitals Enterprise Ltd.(down 1.66%), UltraTech Cement Ltd.(down 1.61%), Tata Consumer Products Ltd.(down 1.5%), Hindalco Industries Ltd.(down 1.45%), Grasim Industries Ltd.(down 1.41%), Mahindra & Mahindra Ltd.(down 1.39%) and Bajaj Auto Ltd.(down 1.28%) closed in the red.
Time of India
15-05-2025
- Business
- Time of India
Hitachi Energy FY25 profit surges 134% to ₹384 cr; orders up 228% at ₹18,173 cr
New Delhi: Hitachi Energy India Ltd on Wednesday reported a 134 per cent year-on-year rise in profit after tax (PAT) at ₹384 crore for the financial year ended March 31, 2025. Orders rose 228 per cent to ₹18,173.8 crore during the year, while revenue increased 23 per cent to ₹6,442.1 crore. For the quarter ended March 31, 2025, the company reported a 61.8 per cent year-on-year increase in PAT at ₹183.9 crore. Profit before tax (PBT) during the quarter rose 62.1 per cent to ₹246.7 crore. Revenue for Q4FY25 stood at ₹1,921.9 crore, up 13.1 per cent from the year-ago period. Operational EBITDA for Q4 rose 36.5 per cent year-on-year to ₹235.6 crore, with a margin of 12.3 per cent. The board recommended a final dividend of ₹6 per equity share (300 per cent), subject to shareholders' approval. The company's order backlog at the end of the year stood at ₹19,245.9 crore. 'A strategic approach and our adaptability to the rapidly changing global economic landscape have enabled us to sustain our growth momentum,' said N Venu, MD & CEO, Hitachi Energy India Ltd. He added, 'The increasing prominence of electricity in the global energy system will continue to drive the energy transition, making it a focal point of the world's economic growth despite geopolitical dynamics. This growth phenomenon will ensure more capital flow in the energy sector to meet burgeoning demand. At Hitachi Energy India Ltd., we foresee these opportunities and are well-positioned to leverage them.' Order inflows for Q4FY25 stood at ₹2,190.8 crore, up 55.7 per cent year-on-year. Orders were led by the transmission and renewables sectors, followed by industrial, rail, and metro segments. Key orders included a large statcom order from a leading transmission company and India's first made-in-India Variable Shunt Reactor. Export and service orders also contributed significantly, with demand from South Asia, Europe, and Africa. Service contracts included grid compliance studies, digital service agreements, SCADA upgrades, and maintenance work. During FY25, the company reduced energy consumption by 6 per cent and freshwater usage by 4 per cent. Waste disposal was reduced by 17 per cent through improved recycling of hazardous waste. The company marked 75 years of operations in India and announced an investment of ₹2,000 crore over the next four to five years for capacity expansion. It raised ₹2,520.82 crore via a Qualified Institutional Placement (QIP) to support this plan. From April 1, 2025, the company launched a dedicated service business unit to provide asset lifecycle support from installation to end-of-life services across sectors. Hitachi Energy noted that India added 30 GW of renewable energy capacity in FY25 and said long-term demand for electricity remains strong. The company stated that HVDC infrastructure will be key to integrating future clean energy projects.
