Alstom India transmits a loss

Alstom India is the second top loser on the BSE since morning. The stock price hit a new 52-week low today at Rs.382 and it continues to remains some 8% lower.

The company, which announced its numbers today morning, shocked everyone by swinging into losses. Alstom, which is engaged in the business relating to products, projects and systems of electricity transmission and related activities , posted a net loss of Rs.18 crore for Q3Fy16 compared to a net profit of Rs.26 crore in previous Q3. Total income declined from Rs.766 crore to Rs.755 crore while operating costs jumped up 2.5% to Rs.766 crore. Its order back log as at 31^st Dec 2015 stands at Rs.7904 crore, down 6% (YoY).