Hitachi Energy Shares Surge 14% Following Strong Financial Results and Guidance
Hitachi Energy India Ltd. shares rose 14% on February 6 after maintaining double-digit EBITDA guidance for the next fiscal year. The company's profit after tax increased 90.5% to ₹261 crore, with revenue up 28.52% at ₹2,082 crore. Brokerage Jefferies has a 'buy' rating with a price target of ₹25,000, indicating a potential 30% upside. The order inflow is up 73% year-on-year, excluding a significant HVDC project, while EBITDA increased 107.23% to ₹345.8 crore.
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Shares of Hitachi Energy India Ltd. increased by 14% on February 6 after the company reaffirmed its double-digit EBITDA guidance for the upcoming financial year. The company reported a 90.5% rise in profit after tax to ₹261 crore and a 28.52% increase in revenue to ₹2,082 crore.
Brokerage Jefferies has a 'buy' rating with a price target of ₹25,000, suggesting a potential upside of 30%. The order inflow grew by 73% year-over-year, excluding a large HVDC project. EBITDA rose by 107.23% to ₹345.8 crore. The company's margin improved significantly to 16.61% from 10.3% a year ago.
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