Hitachi Energy India Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2022
May 27, 2022 at 09:59 am EDT
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Hitachi Energy India Limited reported earnings results for the fourth quarter ended March 31, 2022. For the fourth quarter, the company reported sales was INR 10,857.7 million compared to INR 9,986.3 million a year ago. Revenue was INR 11,421.3 million compared to INR 10,237.7 million a year ago. Net income was INR 516.8 million compared to INR 394.4 million a year ago. Basic earnings per share from continuing operations was INR 12.19 compared to INR 9.31 a year ago. Diluted earnings per share from continuing operations was INR 12.19 compared to INR 9.31 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.