GE T&D India zooms 20% on strong Q1 results, healthy order book position

The company reported net profit of Rs 61.7 crore against loss of Rs 197 crore in year ago quarter

GE T&D India is locked in upper circuit of 20% at Rs 393, also its 52-week high on BSE, after the company reported net profit of Rs 61.7 crore in June quarter (Q1FY18), on back of healthy operational growth. The company engaged in electric utilities business had posted a net loss of Rs 197 crore in Q1FY17.

Operational revenues grew 40% to Rs 1,263 crore in reporting quarter against Rs 905 crore in the corresponding quarter of previous fiscal. The company reported an operating profit of Rs 130 crore against loss of Rs 170 crore in year ago quarter.