FIIs Increased Stake: Power Transmission and Distribution Stock Hits Upper Circuit on Friday, Profit Surged by Over 380 Per cent in Q1 FY25!
The company’s shares have delivered an impressive return of over 1250 per cent in the past 2 years only.
GE T&D India Limited is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years. It provides a versatile range of solutions for connecting and evacuating power from generation sources to the grid.
GE T&D India Limited shares hit the upper circuit on Friday and closed the day at Rs 1719.20 per share with a significant volume spurt. The company’s current market capitalization stands at Rs 44019 crore. The stock has delivered a multibagger return of around 400 per cent in just 1 year.
As per the Quarterly Results, in Q1 FY25, GE T&D India Limited recorded a revenue of Rs 958 crore compared to Rs 718 representing a gain of 33.55 per cent. The operating profit for Q1 FY25 stood at Rs 182 crore compared to Rs 51, The operating profit margin stood for Q1 is 19 per cent. The net profit for Q1 FY25 was Rs 135 crore compared to Rs 28 crore representing a gain of around 380 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 3168 crore in FY24, compared to Rs 2773 crore in FY23. The operating profit for FY24 was Rs 319 crore, with a net profit of Rs 181 crore.
Read Multibagger Power Infra Company Announces 1:1 Bonus Issue; Stock Hits 52-Week High, Record Date Inside; FIIs and DIIs Increase Stake in Q1!
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As per the shareholding pattern, the promoter owns 75 per cent, FIIs increased their stake from 1.20 per cent to 2.04 per cent, while DIIs hold 14.96 per cent, and public investors hold 8 per cent.
GE T&D India Limited provides a comprehensive range of products and solutions for the power industry. Their offerings include power transformers, circuit breakers, switchgear, instrument transformers, substation automation equipment, and digital software solutions. They cater to medium to ultra-high voltage (up to 1200 kV) applications and deliver turnkey solutions for substation engineering and construction. Additionally, the company specializes in technologies such as FACTS (Flexible AC Transmission Systems) and HVDC (High-Voltage Direct Current).
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.