GE T&D touches upper circuit after power supply chain firm reports strong operational performance in Q3

GE T&D Share Price: GE T&D India Ltd touched an upper circuit of Rs 724.20 on BSE on Tuesday (February 6, 2024) after the company reported strong December quarter numbers. 

The stock of the company was trading up by 4.99 per cent, or Rs 34.45, at Rs 724.20 at 10:54 am on Tuesday.

GE T&D India Ltd also hit a 52-week high on February 1, 2, and 5 and January 31.

GE T&D Q3 results

The power supply chain company reported 9.8 times jump in its consolidated profit after tax (PAT) to Rs 49 crore from Rs 5 crore.

Revenue from operations was also higher by 8 per cent to Rs 839 crore against Rs 777 crore.

Important announcements

• A material-related party transaction of Rs 1500 crore has been approved.
• Grid Solutions Middle East has approved a party transaction worth Rs 350 crore with FZE.
• A party transaction worth Rs 650 crore has been approved with Grid Solutions SAS
• A party transaction worth Rs 500 crore has been approved with LM Wind Power Blades
• Note: Goods and services from the project will be provided within 12 months after shareholders' approval.