Hitachi Energy net profit dips 1.68% to Rs 51 cr in March quarter

Hitachi Energy on Wednesday said its net profit dipped 1.68 per cent to Rs 50.81 crore in March quarter 2022-23.

The company reported a net profit of Rs 51.68 crore for the year-ago period, according to a BSE filing.

Total income rose to Rs 1,336.30 crore from Rs 1,142.13 crore in the same period a year ago.

The company received an order worth Rs 1,262 crore in the fourth quarter, which was higher than Rs 1,043.6 crore in the year-ago period.

As of March 31, 2023, the order backlog stood at Rs 7,071 crore, providing revenue visibility for the coming quarters, it stated.