Turnaround Power Transmission and Distribution Company Secures Multiple Orders Worth €155 Million in Just One Day – Profit Surged by 12,251 Per cent!
The company’s stock rallied around 1,200 per cent in just 2 years.
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 and provides a versatile range of solutions for connecting power generation sources to the grid and evacuating power from them.
GE T&D India Limited has secured two major orders for the supply and supervision of high-voltage products. The first order, worth €55 million, comes from GRID SOLUTIONS Middle East FZE, Dubai, with a contract execution period of five years. The second order, valued at €100 million, has been received from Grid Solutions SAS, France, with a completion deadline set for 2029. Both orders are from group companies, and the products will contribute to larger projects being executed by the group for the end customers.
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Today the shares of GE T&D India Limited closed the day at Rs 1726.65 per share. The company’s current market capitalization stands at Rs 44,210 crore. The stock has delivered a multibagger return of over 410 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. The operating profit for Q1 FY25 stood at Rs 182 crore. The net profit for Q1 FY25 was Rs 135 crore. 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 compared to a loss of Rs 1 crore.
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.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.