Alstom T&D India today reported 13.19 per cent drop in net profit for the January-March quarter at Rs 54.03 crore despite witnessing a rise in total income.
"The company has posted a net profit of Rs 540.3 million for the quarter ended March 31, 2015 as compared to Rs 622.4 million for the quarter ended March 31, 2014," Alstom T&D India said in a BSE filing.
However, its total income increased from Rs 1,313.1 crore for the quarter ended March 31, 2014 to Rs 1,368.35 crore for the quarter ended March 31 this year.
For the full fiscal 2014-15, the company reported a net profit of Rs 120.57 crore as compared to Rs 117.02 crore in 2013-14.
Its total income increased from Rs 3,567.05 crore in 2013-14 to Rs 3,722.1 crore in 2014-15.
A dividend of Rs 1.80 (90 per cent) per share has been recommended for the financial year.
Alstom T&D India Managing Director Rathin Basu said: "Though the new government has ushered in positive sentiments in the industry, the market continues to be challenging."
He further said: "Investment cycle in power generation and industry is yet to pick up... We continue to maintain the leadership position for seven consecutive years."
Alstom T&D India, an arm of French firm Alstom, is a market leader in the Indian power transmission sector.
