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    HomeNewsBusinessGE T&D profit down 26% to Rs 53 crore in Q3

    GE T&D profit down 26% to Rs 53 crore in Q3

    Total income in the latest quarter slipped to Rs 1,177.5 crore from Rs 1,543.65 crore a year ago.

    PTI
    February 11, 2019 / 20:01 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)
       
       
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      GE T&D on Monday reported 26 per cent decline in net profit to Rs 53.05 crore for December quarter 2018, on account of lower revenues. The company's net profit in the year-ago period stood at Rs 71.77 crore, a statement said.

      Total income in the latest quarter slipped to Rs 1,177.5 crore from Rs 1,543.65 crore a year ago.

      The company is engaged in the business of products, projects and systems for electricity transmission and related activities only.

      PTI
      first published: Feb 11, 2019 07:58 pm

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