GE T&D reports 26 pct fall in profit to Rs 53 cr in Q3 FY19

GE T&D on Monday reported a 26 per cent decline in net profit to Rs 53.05 crore for December quarter 2018, on account of lower revenues. The company's net profit in the year-ago period stood at Rs 71.77 crore, a statement said.

Total income in the latest quarter slipped to Rs 1,177.5 crore from Rs 1,543.65 crore a year ago. The company is engaged in the business of products, projects and systems for electricity transmission and related activities only.