GE T&D India reports Rs 22 cr loss in March quarter

GE T&D India reports Rs 22 cr loss in March quarter

For the full fiscal 2021-22, the company posted a loss of Rs 49.62 crore, as against a net profit of Rs 60.32 crore in 2020-21

AgenciesUpdated: Friday, May 20, 2022, 03:33 PM IST
article-image
The company had logged a net profit of Rs 16.11 crore in the quarter ended March 31, 2021, a BSE filing showed./ Representational Image | Image by Shutterbug75 from Pixabay

GE T&D India on Friday reported a loss of Rs 22.53 crore for the March quarter, mainly due to lower revenues.

The company had logged a net profit of Rs 16.11 crore in the quarter ended March 31, 2021, a BSE filing showed.

Total income dipped to Rs 685.92 crore in the quarter from Rs 934.23 crore in the year-ago period.

For the full fiscal 2021-22, the company posted a loss of Rs 49.62 crore, as against a net profit of Rs 60.32 crore in 2020-21.

Total income in the fiscal slipped to Rs 3,091.69 crore from Rs 3,518.13 crore in 2020-21.

The company is engaged in the business relating to products, projects and systems for electricity transmission.

RECENT STORIES

Lodha Developers To Launch ₹14k Cr Worth Housing Projects In 2nd Half Of FY26

Lodha Developers To Launch ₹14k Cr Worth Housing Projects In 2nd Half Of FY26

Gold Could Retest Record Highs As Traders Eye Powell's Speech, RBI Policy: Analysts

Gold Could Retest Record Highs As Traders Eye Powell's Speech, RBI Policy: Analysts

Udyogini Yojana: A Big Opportunity For Women Entrepreneurs, Find Out How You Can Get A Loan Up to...

Udyogini Yojana: A Big Opportunity For Women Entrepreneurs, Find Out How You Can Get A Loan Up to...

NSE, BSE Impose ₹5.42 Lakh Penalty On MTNL For Violating SEBI Board Composition Rules

NSE, BSE Impose ₹5.42 Lakh Penalty On MTNL For Violating SEBI Board Composition Rules

Netbanking 2.0 To Make Online Payments Faster, NPCI’s New ‘Banking Connect’ Brings QR Payments...

Netbanking 2.0 To Make Online Payments Faster, NPCI’s New ‘Banking Connect’ Brings QR Payments...