GE T&D India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 23, 2023 at 06:37 am EDT
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GE T&D India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 7,030.5 million compared to INR 6,620.6 million a year ago. Revenue was INR 7,067.7 million compared to INR 6,859.2 million a year ago. Net loss was INR 153.5 million compared to INR 225.3 million a year ago. Basic loss per share from continuing operations was INR 0.6 compared to INR 0.88 a year ago.
For the full year, sales was INR 27,732.2 million compared to INR 30,659.5 million a year ago. Revenue was INR 28,071.5 million compared to INR 30,916.9 million a year ago. Net loss was INR 14.9 million compared to INR 496.2 million a year ago. Basic loss per share from continuing operations was INR 0.06 compared to INR 1.94 a year ago.
GE T&D India Limited is an India-based company that is engaged in the power transmission and distribution business. The Company's business activity relates to products, projects and systems for electricity transmission and related activities. Its products and services include power electronics, energy management, high voltage equipment, industrial digital, projects and services, automation and protection, new technologies, and asset management. Its product portfolio ranges from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution, industry and infrastructure markets. The Company offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, flexible AC transmission systems (FACTS), high voltage DC and maintenance support.
GE T&D INDIA LIMITED 
