Hitachi Energy shares lock at 20% upper circuit after 6-fold growth in Q3 profit

Hitachi Energy India’s shares surged 20% after reporting a 498% YoY jump in Q3 PAT to Rs 137.4 crore. Revenue increased 31% YoY, and operating EBITDA rose 108.5%. The company’s order book saw a massive 839% YoY growth, driven by high-voltage direct current orders. With a record order backlog of Rs 18,994.4 crore, the outlook remains strong.