GE Power's Q4 profit dips 47 pct; board recommends dividend of 60 pct for 2018-19

GE Power India Monday reported a 47 percent decline in March quarter standalone net profit at Rs 27.25 crore. The company's profit in January-March, 2017-18 stood at Rs 51.15 crore, as per a BSE filing. Total income increased to Rs 400.73 crore in the March quarter compared to Rs 382.68 crore a year ago. For 2018-19, the company reported a standalone profit of Rs 76.05 crore compared to Rs 26.56 crore in previous fiscal. Total income rose to Rs 2,035.34 crore from Rs 1,478.04 crore in 2017-18.

The company's consolidated profit during last fiscal stood at Rs 75.40 crore compared to Rs 26.61 crore in the previous fiscal. Total income increased to Rs 2,035.21 crore from Rs 1,478.18 crore. The company's board recommended a dividend of 60 per cent( Rs 6 per equity share) for 2018-19. The dividend, if approved by the members of the company at the ensuing annual general meeting, shall be paid on and from July 25, 2019.