BAJAJ BROKING

Notification
No new Notification messages
Wagons Learning IPO is Open!
Apply for the Wagons Learning IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

GE T&D India Secures €64M Order from France’s Grid Solutions

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

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.

GE T&D India News Today

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.

Financial Performance for Q4 2024

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.

Order Bookings Surge

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.

Dividend Proposal

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.

CEO's Remarks

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: 

Read More Blogs

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.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300+ Cr MTF Book

icon-with-text