Muted quarter; miss on all fronts

12 Mar 2024
5 Min read 
  • Hitachi Energy's 3QFY24 result was weaker than expected, with a miss on all fronts.
  •  The company reported YoY growth in revenue, EBITDA, and PAT on a low base of last year.
  •  Hitachi Energy is expected to benefit from increased spending in transmission, renewables, data centers, and railways.
  •  The company's strategy to grow the share of services and exports is expected to improve margins.
  •  The stock is currently trading at a premium to Siemens and a discount to ABB.
  •  The key risk to the recommendation is a sharper-than-expected improvement in margins.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority