Earlier than expected margin recovery

23 May 2024
5 Min read 
  • Hitachi Energy's 4QFY24 result beat estimates with strong revenue and margin growth.
  •  The company reported 27%/91%/124% YoY growth in revenue/EBITDA/PAT.
  •  Order inflows during the quarter stood at INR14b, up 11% YoY.
  •  Hitachi Energy is expected to benefit from HVDC ordering and data center opportunities.
  •  The company's financial outlook includes increased order inflow estimates and improved margins.
  •  The stock is currently trading at 119x/62x FY25E/FY26E EPS, with a revised TP of INR9,900.
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