GE T&D India's Net Profit Soars by Multiple Folds in June 2024 Quarter

GE T&D India reported a significant increase in its net profit for the June 2024 quarter, rising to Rs 134.5 crore compared to Rs 28.2 crore in the same period of the last fiscal year. The rise is attributed mainly to higher income, with total income also seeing a substantial hike.

GE T&D India on Wednesday reported a significant rise in its net profit to Rs 134.5 crore during the June 2024 quarter, attributed mainly to higher income.

The company had previously posted a net profit of Rs 28.2 crore in the April-June quarter of the 2023-24 fiscal, according to a regulatory filing.

GE T&D India's total income jumped to Rs 970.1 crore from Rs 729.5 crore year-on-year.

During this period, the company's expenses were recorded at Rs 790.2 crore, compared to Rs 690.9 crore in FY24.

GE T&D India is a key player in the power transmission and distribution sector.