GE T&D India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 02, 2022 at 09:28 am EST
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GE T&D India Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 9,140.8 million compared to INR 10,342.1 million a year ago. Revenue was INR 9,154.5 million compared to INR 10,570 million a year ago. Net loss was INR 1 million compared to net income of INR 559.2 million a year ago.
For the nine months, sales was INR 24,038.9 million compared to INR 25,479 million a year ago. Revenue was INR 24,057.7 million compared to INR 25,839 million a year ago. Net loss was INR 270.9 million compared to net income of INR 442.1 million a year ago. Basic loss per share from continuing operations was INR 1.06 compared to basic earnings per share from continuing operations of INR 1.73 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 