Hitachi Commissioned Three Projects in Q1FY25
Hitachi has commissioned three major projects in Q1FY25 a 432 MW DC solar project in Bikaner, a 100 MW SECI solar project in Banipura and the MP Power Transmission Package-II with four substations.
by Damodharan N
Updated Jul 25, 2024
Table of Content
Hitachi has successfully commissioned three major projects in the first quarter of FY25. The first project involves a 400/33 kV AIS substation and a 350 AC & 432 MW DC solar project in Bikaner, covering all phases from design to commissioning.
The second project is a 100 MW SECI solar project in Banipura, which includes the design, supply, and installation of a 220/33 kV bay extension package. The third project, MP Power Transmission Package-II, includes the design, procurement, and construction of four substations at 220 kV, 132 kV, and 33 kV levels. These successful completions highlight Hitachi's expertise in delivering complex infrastructure projects efficiently.
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Hitachi Q1FY25 Financial Results
In Q1FY25 (April-June 2024), Hitachi reported impressive financial results, showcasing significant year-over-year (YoY) growth across key metrics. Orders surged to ₹2,436.7 crore, reflecting a remarkable 112.3% increase from the previous year and a 73.2% rise from the previous quarter. Revenue reached ₹1,327.3 crore, marking a 27.3% growth YoY, although it was down by 21.9% compared to the last quarter.
The company's Profit Before Tax (PBT) saw a substantial boost, climbing to ₹10.4 crore, up 332.4% YoY, though it experienced a sharp decline of 90.8% from the previous quarter. Profit After Tax (PAT) was reported at ₹15.1 crore, reflecting a significant 345.3% increase YoY, but down 90.1% sequentially.
Key orders secured during this period include a 6x500 MVA ICT project for Adani in Gujarat, a 400/33kV AIS substation with a 400 MW solar component for NTPC, and the Marinus Link HVDC Light Voltage Source Converter project in Australia. Notable growth was seen in the transmission sector, particularly with the Marinus Link project, which experienced a staggering 1,438% increase. The renewables sector also performed strongly with a 553% growth. However, the data center segment faced a decline of 77%.
The financial performance for Hitachi in Q1FY25
|
Metric |
Q1FY25 (INR crore) |
Q4FY24 (INR crore) |
QoQ % Change |
Q1FY24 (INR crore) |
YoY % Change |
|
Orders |
2,436.7 |
1,406.7 |
73.2% |
1,147.5 |
112.4% |
|
Revenue |
1,327.3 |
1,699.2 |
-21.9% |
1,043.0 |
27.3% |
|
PBT |
15.1 |
152.2 |
-90.1% |
3.4 |
344.1% |
|
PBT % |
1.1% |
9.0% |
- |
0.3% |
- |
|
PAT |
10.4 |
113.7 |
-90.9% |
2.4 |
333.3% |
|
PAT % |
0.8% |
6.7% |
- |
0.2% |
- |
|
Op EBITA |
39.6 |
150.1 |
-73.6% |
9.4 |
321.3% |
|
Op EBITA % |
3.0% |
8.8% |
- |
0.9% |
- |
|
Op EBITDA |
61.5 |
172.6 |
-64.4% |
31.5 |
95.2% |
|
Op EBITDA % |
4.6% |
10.2% |
- |
3.0% |
- |
Overall, Hitachi’s performance in Q1FY25 demonstrates robust growth and strategic progress across its diverse business segments.
Hitachi
Hitachi India has been a key partner in the nation's growth for over nine decades, driving digital and green transformation to support sustainable development. With a focus on digital innovation, green energy, and social progress, Hitachi India aims to improve the lives of millions and contribute to India's emergence as a global leader.
Their expertise in OT and IT solutions is crucial in co-creating a sustainable and empowered future for the country. Through their Social Innovation Business, Hitachi is transforming key sectors like digital systems, green energy, and connective industries, fostering a better society and enhancing citizen wellbeing.
Hitachi Commissioned Three Projects in Q1FY25 - FAQs
1. What was Hitachi's order value in Q1FY25?
Hitachi's order value in Q1FY25 was ₹2,436.7 crore.
2. How much did Hitachi's orders grow YoY in Q1FY25?
Hitachi's orders grew by 112.4% YoY in Q1FY25.
3. How much did Hitachi's orders grow QoQ in Q1FY25?
Hitachi's orders grew by 73.2% QoQ in Q1FY25.
4. What was Hitachi's revenue in Q1FY25?
Hitachi's revenue in Q1FY25 was ₹1,327.3 crore.
5. How much did Hitachi's revenue grow YoY in Q1FY25?
Hitachi's revenue grew by 27.3% YoY in Q1FY25.
6. What was the QoQ change in Hitachi's revenue in Q1FY25?
Hitachi's revenue decreased by 21.9% QoQ in Q1FY25.
7. What was Hitachi's PBT in Q1FY25?
Hitachi's PBT in Q1FY25 was ₹15.1 crore.
8. How much did Hitachi's PBT grow YoY in Q1FY25?
Hitachi's PBT grew by 344.1% YoY in Q1FY25.
9. What was the QoQ change in Hitachi's PBT in Q1FY25?
Hitachi's PBT decreased by 90.1% QoQ in Q1FY25.
10. What was Hitachi's PAT in Q1FY25?
Hitachi's PAT in Q1FY25 was ₹10.4 crore.
11. How much did Hitachi's PAT grow YoY in Q1FY25?
Hitachi's PAT grew by 333.3% YoY in Q1FY25.
12. What was the QoQ change in Hitachi's PAT in Q1FY25?
Hitachi's PAT decreased by 90.9% QoQ in Q1FY25.
13. What was Hitachi's PBT % in Q1FY25?
Hitachi's PBT % in Q1FY25 was 1.1%.
14. How did Hitachi's PBT % change YoY in Q1FY25?
Hitachi's PBT % increased from 0.3% YoY in Q1FY25.
15. What was Hitachi's PAT % in Q1FY25?
Hitachi's PAT % in Q1FY25 was 0.8%.
16. How did Hitachi's PAT % change YoY in Q1FY25?
Hitachi's PAT % increased from 0.2% YoY in Q1FY25.
17. What was Hitachi's Op EBITA in Q1FY25?
Hitachi's Op EBITA in Q1FY25 was ₹39.6 crore.
18. How much did Hitachi's Op EBITA grow YoY in Q1FY25?
Hitachi's Op EBITA grew by 321.3% YoY in Q1FY25.
19. What was the QoQ change in Hitachi's Op EBITA in Q1FY25?
Hitachi's Op EBITA decreased by 73.6% QoQ in Q1FY25.
20. What was Hitachi's Op EBITA % in Q1FY25?
Hitachi's Op EBITA % in Q1FY25 was 3.0%.
21. How did Hitachi's Op EBITA % change YoY in Q1FY25?
Hitachi's Op EBITA % increased from 0.9% YoY in Q1FY25.
22. What was Hitachi's Op EBITDA in Q1FY25?
Hitachi's Op EBITDA in Q1FY25 was ₹61.5 crore.
23. How much did Hitachi's Op EBITDA grow YoY in Q1FY25?
Hitachi's Op EBITDA grew by 95.2% YoY in Q1FY25.
24. What was the QoQ change in Hitachi's Op EBITDA in Q1FY25?
Hitachi's Op EBITDA decreased by 64.4% QoQ in Q1FY25.
25. What was Hitachi's Op EBITDA % in Q1FY25?
Hitachi's Op EBITDA % in Q1FY25 was 4.6%.
26. How did Hitachi's Op EBITDA % change YoY in Q1FY25?
Hitachi's Op EBITDA % increased from 3.0% YoY in Q1FY25.
27. What was Hitachi's previous quarter revenue (Q4FY24)?
Hitachi's previous quarter revenue (Q4FY24) was ₹1,699.2 crore.
28. What was Hitachi's previous quarter PBT (Q4FY24)?
Hitachi's previous quarter PBT (Q4FY24) was ₹152.2 crore.
29. What was Hitachi's previous quarter PAT (Q4FY24)?
Hitachi's previous quarter PAT (Q4FY24) was ₹113.7 crore.
30. What was the growth in transmission with Marinus Link Project in Q1FY25?
The growth in transmission with the Marinus Link Project in Q1FY25 was 1,438%.