Hitachi Energy India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 04, 2022 at 06:19 am EDT
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Hitachi Energy India Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 10,848.6 million compared to INR 8,232.4 million a year ago. Revenue was INR 11,150 million compared to INR 8,506 million a year ago. Net income was INR 371.7 million compared to INR 343.2 million a year ago. Basic earnings per share from continuing operations was INR 8.77 compared to INR 8.1 a year ago. Diluted earnings per share from continuing operations was INR 8.77 compared to INR 8.1 a year ago.
For the six months, sales was INR 20,443.1 million compared to INR 15,817.3 million a year ago. Revenue was INR 21,063.2 million compared to INR 16,474.2 million a year ago. Net income was INR 385.1 million compared to INR 506.2 million a year ago. Basic earnings per share from continuing operations was INR 9.09 compared to INR 11.94 a year ago. Diluted earnings per share from continuing operations was INR 9.09 compared to INR 11.94 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.