Q3 Results: Hitachi Energy, Bharti Hexacom Profits Soar Over 80%; What Drove the Surge?

• Hitachi Energy and Bharti Hexacom reported over 80% year-on-year profit growth in their Q3 results.
• Hitachi Energy's net profit jumped 90.3% to Rs 261.4 crore, driven by a 28.5% revenue increase, better margins, and controlled expenses.
• Bharti Hexacom's net profit surged 81.5% to Rs 473.7 crore, despite single-digit revenue growth, primarily due to lower exceptional and tax-related expenses compared to the previous year.
• Hitachi Energy's EBITDA increased to Rs 345.3 crore with margins improving to 16.6%, while Bharti Hexacom's EBITDA rose to Rs 1,254.4 crore with margins at 53.2%.
• Both stocks closed higher in Thursday's trading session following the announcement of their strong financial results.