Hitachi Energy India jumps after surge in quarterly profit

Shares of Hitachi Energy India HITN.NS jump 12% to 21,493 rupees

Heavy electrical equipment maker's Q3 profit jumps 90.3% Y/Y to 2.61 billion rupees ($28.9 million); total revenue rose 28.5% Y/Y

Order backlog at 298.72 billion rupees

Brokerage Jefferies says EBITDA beat by 43%, driven by 420 bps higher-than-expected EBITDA margins at 16.6%

Emkay upgrades to 'ADD' from 'Sell', raises PT by ~20% to 20,825 rupees from 17,400 rupees

Opportunity pipeline remains robust, supported by HITN's

diversified product portfolio catering to multiple end-markets - Emkay note

Trading vols nearly 2x the 30-day average

HITN rose 27.1% in 2025

($1 = 90.1875 Indian rupees)