Q3 Results: Hitachi Energy, MRF Shares Soar; BEML Declines on Weak Earnings

• Hitachi Energy India shares surged up to 14% after reporting a 90.3% YoY jump in net profit to Rs 261 crore for Q3.
• MRF Ltd shares rallied over 10% as its net profit more than doubled to Rs 679 crore in the December quarter.
• Brokerage firm Jefferies noted Hitachi Energy's EBITDA beat estimates by 43%, while Emkay Global upgraded the stock to 'Add'.
• BEML Ltd shares declined over 5% after posting a consolidated loss of Rs 22.38 crore for the quarter, compared to a profit last year.
• BEML's total expenses increased significantly, outweighing the rise in consolidated income.