BAJAJ BROKING
GE T&D India receives a €64M order from France’s Grid Solutions. They also report a ₹66.3 crore profit for Q4 2024, reversing last year's loss. Its revenue increased by 30% and the company proposed a dividend of ₹2 per share.
Power transmission and distribution specialist GE T&D India Ltd. has secured a significant order valued at €64 million from France's Grid Solutions.
This order, announced on Wednesday, will involve the supply of high-voltage products and will be executed over the next two years. The order is part of a larger project being executed for an end customer by the group company.
In the March 2024 quarter, GE T&D India reported a net profit of ₹66.3 crore, a significant turnaround from the loss of ₹15.4 crore in the same period the previous year.
This profit increase is attributed to higher revenue, which stood at ₹910 crore, marking a 30% rise from ₹700 crore in the corresponding quarter of the previous year.
The company's order bookings surged by 53%, reaching ₹1,330 crore compared to ₹870 crore in the same quarter last year. This increase in orders indicates robust demand and strong business momentum for GE T&D India.
The board of directors has recommended a dividend of ₹2 per equity share for the financial year 2023-24, pending shareholder approval. This marks the first dividend proposal by the company in five years, underscoring its improved financial health and positive cash flow position.
Sandeep Zanzaria, Managing Director and CEO of GE T&D India, expressed optimism about the company's financial health and prospects. He highlighted the strengthened free cash flow position and the proposed dividend as key indicators of the company's robust performance and commitment to returning value to shareholders.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
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.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading