Hitachi Energy India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 10:34 am
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Hitachi Energy India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 9,973.6 million compared to INR 10,945.4 million a year ago. Revenue was INR 10,410.3 million compared to INR 11,375.8 million a year ago. Net income was INR 45.8 million compared to INR 616.6 million a year ago. Basic earnings per share from continuing operations was INR 1.08 compared to INR 14.55 a year ago. Diluted earnings per share from continuing operations was INR 1.08 compared to INR 14.55 a year ago.
For the nine months, sales was INR 30,416.7 million compared to INR 26,762.7 million a year ago. Revenue was INR 31,473.5 million compared to INR 27,850 million a year ago. Net income was INR 430.9 million compared to INR 1,122.8 million a year ago. Basic earnings per share from continuing operations was INR 10.17 compared to INR 26.49 a year ago. Diluted earnings per share from continuing operations was INR 10.17 compared to INR 26.49 a year ago.
Hitachi Energy India Ltd is an India-based power technology company, which is engaged in providing a comprehensive grid portfolio across the entire value chain. The Company provides products and solutions, including asset & work management, cable accessories, capacitors and filters, communication networks, cooling systems, disconnectors, energy storage, generators circuit-breakers (GCB), semiconductors, substation automation, protection & control, substations & electrification, surge arresters, transformers, transformer insulation and components, and high voltage switchgear and breakers and others. It also provides service and consulting, such as install & commission, assess & secure, train & develop, parts & maintain, upgrade, repair & extend, sustain & decarbonize and replace & decommission. Its consulting services provide a comprehensive combination of business, functional, and technical expertise. Its transportation solutions include railway, eMobility, aviation and marine.
HITACHI ENERGY INDIA LIMITED 
