Hitachi Energy India Ltd Q1 FY2024 net profit declines QoQ to Rs. 2.41 crore

ABB Power Products and Systems India Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1043 crores during the period ended June 30, 2023 as compared to Rs. 1336.30 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.41 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 50.81 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.57 for the period ended June 30, 2023 as compared to Rs. 11.99 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1043 crs	₹1336.30 crs	-21.95%
Net Profit	₹2.41 crs	₹50.81 crs	-95.26%
EPS	₹0.57	₹11.99	-95.25%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1043 crores during the period ended June 30, 2023 as compared to Rs.991.32 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.41 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.34 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.57 for the period ended June 30, 2023 as compared to Rs.0.32 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1043 crs	₹991.32 crs	5.21%
Net Profit	₹2.41 crs	₹1.34 crs	79.85%
EPS	₹0.57	₹0.32	78.13%

Shares of ABB Power Products and Systems India Limited was last trading in BSE at Rs. 4128.80 as compared to the previous close of Rs. 4200.35. The total number of shares traded during the day was 689 in over 287 trades.

The stock hit an intraday high of Rs. 4226.15 and intraday low of 4101.40. The net turnover during the day was Rs. 2885976.00.

Source : Equity Bulls

Keywords

HitachiEnergyIndia Q1FY24 ResultUpdate