GE T&D in the limelight

GE T&D India 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 and the same winning streak continued into Q2FY18 too. On a 4% (YoY) rise in revenue at Rs.870 crore, the company reported a whopping 132% jump in net profit at Rs.47.5 crore.

Operating profit rose 130% at Rs.80.5 crore while margins rose from 4.2% to 9.3%.

Lower costs, mainly on account of lower raw material expense  and no excise duty in current Q2 helped turn in this performance.

Following this superb show, the stock today rose 15% to hit  a new high at Rs.460 and remains firmly in the green at Rs.425 levels.