GE T&D India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 04, 2022 at 05:39 am EDT
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GE T&D India Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 7,005.7 million compared to INR 8,517.1 million a year ago. Revenue was INR 7,288.4 million compared to INR 8,519 million a year ago. Net income was INR 27.6 million compared to net loss of INR 77.3 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to basic loss per share from continuing operations of INR 0.3 a year ago.
For the six months, sales was INR 12,935.7 million compared to INR 14,898.1 million a year ago. Revenue was INR 13,305 million compared to INR 14,903.2 million a year ago. Net income was INR 91.2 million compared to net loss of INR 269.9 million a year ago. Basic earnings per share from continuing operations was INR 0.36 compared to basic loss per share from continuing operations of INR 1.05 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.