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GE T&D India Ltd Q2FY24; 1133% rise in Profits

GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid.

Financial Results:

GE T&D India Ltd reported Revenues for Q2FY24 of ₹698.00 Crores down from ₹701.00 Crore year on year, a fall of 0.43%.

Total Expenses for Q2FY24 of ₹657.00 Crores down from ₹719.00 Crores year on year, a fall of 8.62%.

Consolidated Net Profit of ₹37.00 Crores up 1133.33% from ₹3.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.45, up 1,218.18% from ₹0.11 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Energy
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