Hitachi Energy India reported a profit after tax of ₹372 million ($4.5 million) in the second quarter (Q2) for the financial year (FY) 2023, an increase of 8.5% year-over-year (YoY). The company attributed semiconductor shortages, commodity and freight price increases, and foreign exchange volatility for subdued growth in profit despite a 31% YoY increase in revenue for the July-September quarter.