Hitachi Energy India Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
July 21, 2022 at 05:38 am EDT
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Hitachi Energy India Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 9,594.5 million compared to INR 7,584.9 million a year ago. Revenue was INR 9,913.2 million compared to INR 7,968.2 million a year ago. Net income was INR 13.4 million compared to INR 163 million a year ago. Basic earnings per share from continuing operations was INR 0.32 compared to INR 3.85 a year ago. Diluted earnings per share from continuing operations was INR 0.32 compared to INR 3.85 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.