GE T&D India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 10, 2021 at 08:57 am EST
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GE T&D India Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 8,517.1 million compared to INR 8,709 million a year ago. Revenue was INR 8,519 million compared to INR 8,766.3 million a year ago. Net loss was INR 77.3 million compared to net income of INR 86.1 million a year ago. Basic loss per share from continuing operations was INR 0.3 compared to basic earnings per share from continuing operations of INR 0.34 a year ago.
For the six months, sales was INR 14,898.1 million compared to INR 15,136.9 million a year ago. Revenue was INR 14,903.2 million compared to INR 15,269 million a year ago. Net loss was INR 269.9 million compared to INR 117.1 million a year ago. Basic loss per share from continuing operations was INR 1.05 compared to INR 0.45 a year ago.
GE T&D India Limited is an India-based company that is engaged in the power transmission and distribution business. The Company's business activity relates to products, projects and systems for electricity transmission and related activities. Its products and services include power electronics, energy management, high voltage equipment, industrial digital, projects and services, automation and protection, new technologies, and asset management. Its product portfolio ranges from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution, industry and infrastructure markets. The Company offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, flexible AC transmission systems (FACTS), high voltage DC and maintenance support.