Hitachi Energy Q4 Results Review - Earlier Than Expected Margin Recovery: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Hitachi Energy Ltd.’s Q4 FY24 result beat our estimates, driven by sharp margin outperformance. The company reported 27%/91%/124% YoY growth in revenue/Ebitda/profit after tax. Revenue growth was driven by a strong order book, while operating leverage benefits resulted in double-digit margins at 10.7%, a year ahead of the company’s guidance. Hitachi Energy remains a key beneficiary of the uptick in spending across transmission, renewables, data centers, and railways. It is also improving its exports and services. With upcoming bidding for high voltage direct current projects and improved traction in data center orders, we increase our order inflow estimates. We also raise our margin estimates to factor in the Q4 performance and prospects of further margin improvements on improved volumes and pricing in the transmission sector. Our revised target price stands at Rs 9,900, based on 60 times March 2026E earnings per share. This is still at a discount to other players like Siemens and ABB. We upgrade our rating to Neutral from Sell. Key risks to our estimates and recommendation would come from delays in ordering and lower-than-expected recovery in margins..Click on the attachment to read the full report:.VRL Logistics Q4 Review- Subdued Growth In Southern Market Impact Tonnage Growth In FY24: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hitachi Energy Q4 Results Review - Earlier Than Expected Margin Recovery: Motilal Oswal

Beat on all fronts; margins in double-digit territory

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP