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Hitachi Energy shares jump as Q4 profit more than doubles
short by / on Wednesday, 22 May, 2024
Shares of Hitachi Energy India Ltd rose over 8% on Wednesday after its consolidated net profit more than doubled in the fourth quarter of financial year 2024. The company posted a profit of ₹114 crore in the March quarter, beating analysts' estimate of ₹67 crore. Robust cyclical revenue favoured margin growth of Hitachi.
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