Hitachi Energy India Ltd. posted a 62% increase in net profit to Rs 183.9 crore for the quarter ended March 2025, driven by higher revenue. The company had posted a net profit of Rs 113.7 crore in the same period last year.
The company's total income rose to Rs 1,921.85 crore from Rs 1,699.2 crore in the previous year's quarter.
The board of Hitachi Energy recommended a final dividend of Rs 6 per share at a face value Rs 2, subject to shareholder approval at the upcoming annual general meeting.
If approved at the AGM, the dividend will be paid after Aug. 20 to shareholders holding physical shares and listed in the company's register as of Aug. 13.
For the fiscal year 2024-25, net profit surged to Rs 383.98 crore, compared to Rs 163.78 crore in the prior fiscal year.
The total income increased to Rs 6,442.1 crore from Rs 5,246.78 crore a year ago. In the quarter ended March 31, 2025, its orders jumped 55.7% to Rs 2,190.8 crore from Rs 1,406.7 crore a year earlier.
As of March 31, 2025, the order backlog stood at Rs 19,245.9 crore, providing revenue visibility for the coming quarters.
"A strategic approach and our adaptability to the rapidly changing global economic landscape have enabled us to sustain our growth momentum," Hitachi Energy India Managing Director and Chief Executive Officer N Venu said.
"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."
(With PTI Inputs)
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