GE T&D India touches roof on reporting over 4- fold jump in Q1 net profit

GE T&D India is currently trading at upper limit of Rs. 283.60, up by 13.50 points or 5.00% from its previous closing of Rs. 270.10 on the BSE.

The scrip opened at Rs. 283.60 and has touched a high and low of Rs. 283.60 and Rs. 283.60 respectively. So far 1392 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 2 has touched a 52 week high of Rs. 284.00 on 08-Aug-2023 and a 52 week low of Rs. 98.90 on 28-Feb-2023.

Last one week high and low of the scrip stood at Rs. 284.00 and Rs. 240.10 respectively. The current market cap of the company is Rs. 7261.48 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.89% and 8.10% respectively.

GE T&D India has reported results for first quarter ended June 30, 2023 (Q1FY24).

The company has reported over 4- fold jump in its net profit at Rs 28.24 crore for the quarter under review as compared to Rs 6.36 crore for the same quarter in the previous year. Total income of the company increased 21.25% at Rs 729.53 crore for Q1FY24 as compared Rs 601.66 crore for the corresponding quarter previous year.

GE T&D India is a leading player in the Power Transmission & Distribution business.