GE T&D slumps on poor show
By
Ruma Dubey
about 5 years ago
GE T&D has been consistently hitting new lows for the past few days. And today was no different as it hit a new 52-week low at Rs.197.15.
The company posted a shocking 96% (YoY) fall in net profit at Rs.3.37 crore on a 37% drop in revenue at Rs.734 crore.
EBITDA was down 70% at Rs.42 crore and margins showed a sharp fall from 12.4% to 5.78%.