Heavy Buying Power Transmission and Distribution Stock Hits Upper Circuit for 2 Consecutive Days; PAT Surges by 380 per cent in Q1 FY25!
The company’s shares have delivered an impressive return of over 600 per cent in the past 1 year 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 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 shares closed the day at Rs 1731.30 per share. The company’s current market capitalization stands at Rs 44,329.34 crore. The stock has delivered a multibagger return of over 600 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.
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The company 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 also 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.