Hitachi Energy India Q2 revenue jumps 64% as margin shrinks
In short
Hitachi Energy India posted a 64% jump in second-quarter revenue. But profit and operating earnings came in below CNBC-TV18 poll estimates, and EBITDA margin fell.
The company’s sales grew fast, but lower margins hurt the bottom line.
What the reporting says
Hitachi Energy India’s second-quarter revenue surged 64%, while profit and operating earnings fell short of CNBC-TV18 poll estimates and EBITDA margin contracted. The company’s top line expanded sharply in the quarter, but weaker margin performance weighed on profitability.
Why it matters
Hitachi Energy India reported a 64% rise in second-quarter revenue, but profit and operating earnings were below CNBC-TV18 poll estimates as EBITDA margin contracted. The update points to strong sales growth alongside weaker profitability for the period.