Q1 2025 Hitachi Energy India Ltd Earnings Call Transcript
Key Points
- Hitachi Energy India Ltd (BOM:543187) achieved a record order backlog of INR 8,539.5 crores in Q1 FY25.
- The company received a Prestigious International Safety Award from the Royal Society for the Prevention of Accidents for its Mumbai HVDC project.
- Revenue for the quarter was INR 1,347 crores, up 27% year-on-year.
- The company has been proactive in sustainability initiatives, including projects to reduce emissions and manage water and waste.
- Hitachi Energy India Ltd (BOM:543187) has a strong focus on employee wellbeing, organizing multiple awareness sessions and health camps.
- Quarter-on-quarter revenue declined by 21.9%, indicating potential cyclical or operational challenges.
- Profit before tax and profit after tax showed a decline on a quarter-on-quarter basis.
- Other expenses increased significantly, partly due to higher IT charges and ForEx hedging impacts.
- The company did not provide specific guidance on full-year EBITDA margins, creating some uncertainty for investors.
- There was a delay in the finalization of significant transmission orders in India, which could impact future revenue growth.
Ladies and gentlemen, good day, and welcome to Hitachi Energy India Limited Q1 FY25 analyst conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. N Venu, MD and CEO, Hitachi Energy India Limited. Thank you, and over to you, sir.
Thank you, Yashashri. Good afternoon, everybody. Thank you for joining us for the analyst conference call. And I hope all of you are fine and doing well. So yesterday, we announced our results for the first quarter of FY24-'25. And over the next 20, 25 minutes, what we will take you through these results in detail.
We have uploaded the slide deck in the BSE and NSE portal, and I will refer those numbers for easy of your understanding in case we are joining through phone. So with me in the room today, I have our CFO, Ajay Singh; General Counsel and Company Secretary, Mr. Poovanna Ammatanda; and our Head of Communications, Investor Relations Manashwi
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