ALSTOM T&D India Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 29, 2013 at 05:02 pm
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ALSTOM T&D India Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales /income from operations was INR 7,111.8 million compared to INR 6,800.0 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 328.5 million compared to INR 97.9 million a year ago. Profit from ordinary activities before tax was INR 145.7 million against INR 2.5 million a year ago. Net profit was INR 98.4 million or INR 0.41 per basic and diluted share before and after extraordinary items compared to net loss of INR 18.1 million or INR 0.08 per basic and diluted share before and after extraordinary items a year ago.
For the nine moths, net sales /income from operations was INR 20,632.7 million compared to INR 31,242.1 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 896.6 million compared to INR 2,401.2 million a year ago. Profit from ordinary activities before tax was INR 488.6 million against INR 1,710.7 million a year ago. Net profit was INR 310.3 million or INR 1.30 per basic and diluted share before and after extraordinary items compared to net profit of INR 1,169.9 million or INR 4.89 per basic and diluted share before and after extraordinary items 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.