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

'India Can Produce Next World-Leading AI Major, Ecosystem Already Producing Extraordinary...
'India Can Produce Next World-Leading AI Major, Ecosystem Already Producing Extraordinary...
FedEx Breaks Ground On ₹2,500 Crore Automated Mega Cargo Hub At Navi Mumbai Airport To Redefine...
FedEx Breaks Ground On ₹2,500 Crore Automated Mega Cargo Hub At Navi Mumbai Airport To Redefine...
Locker Owners In PNB’s Delhi Branch Report Missing Jewellery; Police Start Investigation
Locker Owners In PNB’s Delhi Branch Report Missing Jewellery; Police Start Investigation
E2E Networks Hits Upper Circuit After Nvidia Announces Partnership During India AI Impact Summit
E2E Networks Hits Upper Circuit After Nvidia Announces Partnership During India AI Impact Summit
‘Cannot Say When I Will Return’: Vijay Mallya Tells Bombay High Court, Says UK Court Orders Stop...
‘Cannot Say When I Will Return’: Vijay Mallya Tells Bombay High Court, Says UK Court Orders Stop...