Alstom T&D Q2 Net jumps 39% to Rs 20.8 crore

Company reported a net profit of Rs 15 crore in the corresponding quarter of the last financial year

Power transmission equipment maker Alstom T&D today said its net profit jumped nearly 39% to Rs 20.8 crore for the quarter ended September 30, 2013.

The company had reported a net profit of Rs 15 crore in the corresponding quarter of the last financial year.

Total income of the company during the period stood at Rs 816.8 crore as against Rs 585.7 crore in the same period last fiscal.

"While the market conditions continue to be challenging, we achieved a good order inflow resulting in stronger backlog. During Q2, we improved our execution and sales rebounded. Alstom continues its efforts to optimise its costs structure and resource base," Rathin Basu, Managing Director, Alstom T&D India said in the statement.

Shares of the company were trading at Rs 158, up 5.33% on the BSE.