Hitachi Energy opens QIP issue, sets floor price at ₹12,112.50 per share – CNBC TV18

Hitachi Energy India Ltd on Monday (March 10) mentioned it has initiated a Certified Establishments Placement (QIP) of fairness shares, following approval from its Fund Increase Committee on March 10, 2025. The corporate has set the floor price at ₹12,112.50 per share and will supply a reduction of as much as 5% at its discretion.

The preliminary placement doc and software type have been adopted, and bids from certified institutional consumers (QIBs) might be invited. The difficulty price might be decided in session with the e book operating lead managers. The corporate will file the Preliminary Placement Doc with BSE and NSE.

For the third quarter, revenue after tax (PAT) rose practically 5 occasions yr-on-yr (YoY) from a low base at ₹137.4 crore. This was pushed by a excessive-order backlog. On the shut of December thirty first, 2024, the Firm recorded its highest-ever order backlog of ₹18,994.4 crore, offering income visibility for the approaching quarters.

Additionally Learn: Goldman Sachs bullish on Hitachi Energy amid sturdy order pipeline and market prospects

Operational EBITDA for the third quarter stood at ₹168.9 crore, leading to a double-digit margin of 10.1%. Orders grew at a excessive triple-digit fee yr-on-yr, pushed by a big Excessive-Voltage Direct Present (HVDC) order. The corporate achieved a double-digit operational EBITDA margin. The order backlog reached an all-time excessive of ₹18,994.4 crore.

Income was up 31% YoY at ₹1672.4 crore within the October- December 2024 quarter on the again of execution combine and bettering operational efficiencies. “Concerted deal with collections have borne fruit, which along with the advance from the HVDC venture has led to strong money place and the corporate changing into debt-free as of December 31, 2024,” the corporate mentioned in an announcement.

Shares of Hitachi Energy India Ltd ended at ₹12,657.70, down by ₹390.60, or 2.99%, on the BSE.

Additionally Learn: Hitachi Energy celebrates 75 years in India with ₹2,000 crore capex funding push