The shares of the power transmission provider gained up to 5 percent after the company received a new work order from Power Grid Corporation of India Limited worth Rs 490 crore.
With a market capitalization of Rs 43,856.93 crore, the shares of GE T&D India Ltd were trading in green at Rs 1,712.85 per share, increasing around 3.22 percent as compared to the previous closing price of Rs 1,671.25 apiece.
Matter Description:-
Today, the shares of the company have seen positive movement after GE T&D India Ltd received a new work order from Power Grid Corporation of India Limited worth Rs 490 crore for the supply, Installation, Testing, Commissioning and Maintenance of SCADA/EMS Control Centres. The order should be completed by January 2026.
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Financial condition:-
Examining the company’s financial performance, revenue increased by 30 percent from Rs 703 crore in Q4FY23 to Rs 914 crore in Q4FY24, but during the same time frame, net profit increased by 540 percent from a loss of Rs 15 crore to a profit of Rs 66 crore.
Remarkable return and Order book:-
The stock has given a multi-bagger return of 171.99 percent in just six months and a 581.38 percent return in a year, A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 6.81 lakh in a year.
In FY24, GE T&D’s order book more than doubled, reaching Rs.62.7 billion from Rs.37 billion in FY23. This significant growth highlights the company’s robust performance and increased demand for its services.
As of December 31, 2023, private-sector orders accounted for 72% of GE T&D India’s Rs.5,846.9 crore outstanding order book. This dominance of private sector orders underscores the company’s strong foothold in the domestic market.
Company Profile:-
GE T&D India Ltd has been engaged in the power transmission and distribution industry for over a century and offers a wide range of solutions for connecting and evacuating electricity from generating sources to the grid.
Written by:- Abhishek Singh
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