06 Dec 2019 | 9:22 AM

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COMPANYNEWS
GE T&D India posts Q2 net loss of Rs 81.08 cr
  GE T&D India Ltd. | 05 Dec 2019 | 04:01 PM
Published on 11-05-2019
The company reported standalone net loss during the quarter stood at Rs 81.08 crore compared to net profit of Rs 51.48 crore in the previous year quarter. 


Net revenue of the company declined moderately by 17.34 per cent at Rs 821.07 crore in July-September quarter of this fiscal as against Rs 993.30 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.32 per cent to Rs 817.21 crore from Rs 901.17 crore in year ago period.


Other Income dipped by 53.49 per cent at Rs 11.06 crore versus (Sep`18 Rs 23.78 crore).


Operating Profit slipped by 95.81 per cent to Rs 3.86 crore as against Rs 92.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 94.94 per cent in September quarter.


Interest grew by 22.62 per cent y-o-y to Rs 17.51 crore while Taxation decreased by 86.53 per cent at Rs 3.86 crore (Sep`18 Rs 28.65 crore).