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GE T&D India's promoters are evaluating a minority stake sale to simplify the group's holding structure. They intend to maintain their majority stakeholding in the company. GE T&D India share price has surged 425.02% over the past year.
On Tuesday, GE T&D India Limited, a leading power transmission and distribution solutions provider, announced that its promoter group is evaluating the possibility of selling a minority stake in the company. This move is part of a broader strategy to simplify the group's holding structure.
The promoter group of GE T&D India includes GE Grid Alliance B.V., which holds a 6.46% stake, and Grid Equipments Private Ltd, with a 68.54% stake in the company.
While the promoters are considering a minority stake sale, they have made it clear that they intend to maintain their majority shareholder position in GE T&D India.
GE T&D India reported a stellar performance in the June quarter of FY24. The company’s revenue surged by 34% year-on-year to ₹958 crore, driven by strong execution capabilities. Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) more than tripled to ₹182.2 crore, reflecting a significant improvement in operational efficiency.
The EBITDA margin expanded impressively to 19%, up from 7.1% in the same quarter last year. This margin level is particularly noteworthy as it was last observed in 2007, marking the peak of the previous business cycle.
GE Group companies have secured 11-13 High Voltage Direct Current (HVDC) systems globally and are now focusing on India as a key low-cost export hub to meet their global mandates. This strategic shift underscores the importance of India in GE's global operations and positions GE T&D India as a crucial player in the company's international growth strategy.
In the stock market, GE T&D India’s share price closed at ₹1,810 on the NSE, marking a 0.55% increase in the previous trading session. Over the past 12 months, the stock has delivered exceptional returns, rising by 425.02%, or ₹1,465.25.
This impressive growth reflects strong investor confidence in the company’s future prospects and its robust financial performance.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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