GE T&D India’s shares climbed 5% on Wednesday after the company reported a significant increase in net profit for the June 2024 quarter.

Financial Highlights

  • Net Profit:
    • Current Quarter: ₹134.5 crore
    • Previous Year (April-June 2023): ₹28.2 crore
  • Total Income:
    • Current Quarter: ₹970.1 crore
    • Previous Year: ₹729.5 crore
  • Expenses:
    • Current Quarter: ₹790.2 crore
    • Previous Year: ₹690.9 crore

Company Overview

GE T&D India is a major player in the power transmission and distribution sector. The substantial rise in net profit is attributed to increased income, reflecting strong performance in the recent quarter.

As of 9:45 AM the shares were trading 5% higher at ₹1,664.30 on NSE.

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TOPICS: GE T&D India