The company is in the process of ascertaining the loss/damage caused due to aforesaid disruption. While the loss is covered under insurance policy, the loss amount shall be ascertained after survey, the firm stated. The company is taking adequate steps to ensure resumption of operations of the plant at the earliest,' GE T&D India said in a statement. The scrip of GE T&D India was currently trading with a gain of 1.71%, at Rs 1704 as value buying emerged at lower levels. The scrip had declined 2.55% in the past two sessions to end at Rs 1675.35 on the BSE GE T&D India is the listed entity of GE Vernova's Electrification business in India. With over 100 years of presence in the country, GE T&D India is a leading player in the power transmission and distribution business. The company's profit after tax was at Rs 134.5 crore as against Rs 28.2 crore in the quarter ended June 2023. Revenue was Rs 960 crore, against Rs 720 crore in the quarter ended June 2023, up 34.0%. On the technical front, the stock's daily RSI (relative strength index) stood at 52.411. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On daily chart, the stock is trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 1634.77, 1403.78 and 1025.22, respectively. Powered by Capital Market - Live

GE T&D India has fixed 28 August 2024 as record date for final dividend of Rs 2 per equity share for FY 2024, if approved. Powered by Capital Market - Live

GE T&D India has received order from Power Grid Corporation of India for Implementation of Unified Load Dispatch and Communication ULDC Phase-III SCADA/EMS Upgradation Project Eastern Regional SLDCs and RLDC. The order valued at Rs 305 crore involves Supply, Installation, Testing, Commissioning and Maintenance of SCADA/EMS Control Centers. Powered by Capital Market - Live

Revenue from operations jumped 33.55% to Rs 958.34 crore in Q1 FY25 as compared with Rs 717.57 crore posted in Q1 FY24. Profit before tax (PBT) spurted to Rs 179.91 crore in Q1 FY25 over Q1 FY24. EBITDA stood at Rs 194 crore in Q1 FY25, steeply higher than Rs 62.8 crore posted in same quarter last year. EBITDA margin was 20.2% in Q1 FY25 as against 8.7% in Q1 FY24. During the quarter, order intake stood at Rs 1,029 crore, up 2% as compared with Rs 1,006.6 crore recorded in same quarter last year. Sandeep Zanzaria, managing director & CEO of GE T&D India, said, 'Our exceptional quarterly results are a direct outcome of our unwavering focus on delivering quality and value to our customers and stakeholders. As India's power grid scales new heights with its power transmission system emerging as one of the largest unified electricity grids in the world, we are excited to be a key partner in this journey of India's energy transition.' GE T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly.Powered by Capital Market - Live

Net profit of GE T&D India rose 376.42% to Rs 134.54 crore in the quarter ended June 2024 as against Rs 28.24 crore during the previous quarter ended June 2023. Sales rose 33.55% to Rs 958.34 crore in the quarter ended June 2024 as against Rs 717.57 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales958.34717.57 34 OPM %19.017.08 - PBDT191.9851.47 273 PBT179.9138.63 366 NP134.5428.24 376 Powered by Capital Market - Live

GE T&D India will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live