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

IIMB-CRE Matrix Commercial Property Rental Index Q2'2025: Mumbai Lead India’s Grade A Office...

IIMB-CRE Matrix Commercial Property Rental Index Q2'2025: Mumbai Lead India’s Grade A Office...

From November 1, Bank Customers Can Nominate Up To Four Persons, Ensuring Transparency And Smooth...

From November 1, Bank Customers Can Nominate Up To Four Persons, Ensuring Transparency And Smooth...

Colgate-Palmolive India Q2 Profit Falls 17% To ₹327.5 Crore; Announces ₹24 Interim Dividend

Colgate-Palmolive India Q2 Profit Falls 17% To ₹327.5 Crore; Announces ₹24 Interim Dividend

China Eastern Airlines To Resume Direct Delhi–Shanghai Flights From November 9

China Eastern Airlines To Resume Direct Delhi–Shanghai Flights From November 9

IndiGo Will Operate Daily Direct Flights Between Mumbai And Madinah; To Become Only Indian Carrier...

IndiGo Will Operate Daily Direct Flights Between Mumbai And Madinah; To Become Only Indian Carrier...