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GE Power India reports Rs 41 cr profit for Q3

Total income rose to Rs 577.46 crore in the latest quarter from Rs 410.59 crore in October-December 2017.

February 12, 2019 / 05:29 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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GE Power India on Tuesday reported a standalone net profit of Rs 41.11 crore for December quarter 2018 on the back of healthy revenue growth. The company had suffered a loss of Rs 42.13 crore in the year-ago period, a statement said.

Total income rose to Rs 577.46 crore in the latest quarter from Rs 410.59 crore in October-December 2017, it said.

During April-December 2018, the company's net profit rose to Rs 48.80 crore. In the year-ago nine-month period, the company reported a loss of Rs 24.99 crore.

Total income during the period rose to Rs 1,634.61 crore from Rs 1,095.36 crore a year ago.

The company is mainly into the business of power generation.

PTI
first published: Feb 12, 2019 05:26 pm

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