GE T&D at a new high!

GE T&D was earlier Alstom T&D and the name was changed after GE took over the global energy assets of French multinational Alstom. 

The company posted a turnaround performance for Q1FY18.  On a healthy 40% (YoY) jump in revenue at Rs.1263 crore, it posted a net profit of Rs.62 crore v/s loss of Rs.197 crore in previous Q1. EBITDA came in at Rs.128 crore and the margins were at 10.1%.

The company showed strong financial performance, both in terms of profitable sales and execution in this quarter, which has also been one of the best so far in terms of winning new orders. The company is well positioned with an order backlog of over Rs.842 crore as of June 2017 end.

Following this superb turnaround, the stock was today frozen at the 20% UC within moments of opening for trading at Rs.392.90, going on to hit a new high too!