Hitachi Energy India Ltd Q1 FY23 net profit slumps to Rs. 1.34 crore

ABB Power Products and Systems India Limited has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 991.32 crores during the period ended June 30, 2022 as compared to Rs. 1142.13 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.34 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 51.68 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.32 for the period ended June 30, 2022 as compared to Rs. 12.19 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 991.32 crs	₹1142.13 crs	-13.20%
Net Profit	₹1.34 crs	₹51.68 crs	-97.41%
EPS	₹0.32	₹12.19	-97.37%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 991.32 crores during the period ended June 30, 2022 as compared to Rs.796.82 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.34 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.16.30 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.32 for the period ended June 30, 2022 as compared to Rs.3.85 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 991.32 crs	₹796.82 crs	24.41%
Net Profit	₹1.34 crs	₹16.30 crs	-91.78%
EPS	₹0.32	₹3.85	-91.69%

Shares of ABB Power Products and Systems India Limited was last trading in BSE at Rs. 3371.55 as compared to the previous close of Rs. 3438.40. The total number of shares traded during the day was 6124 in over 1503 trades.

The stock hit an intraday high of Rs. 3495.75 and intraday low of 3275.60. The net turnover during the day was Rs. 20888225.00.

Source : Equity Bulls

Keywords

HitachiEnergyIndia Q1FY23 ResultUpdate