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Prabhudas Lilladher Report
GE T&D India Ltd. reported strong quarterly performance led by stellar execution, cost rationalization measures and higher other income.
Sales grew by 10% YoY as manufacturing and project sites were operating at full capacity.
Order inflow decline 45% to Rs 6.9 billion owing to delay in order finalization.
Order book stood decent at Rs 49 billion (excluding Level-one Rs 3 billion) providing revenue visibility for next 1.5 years.
Management indicated order inflows have started gaining traction, supported by inflows from neighboring countries such as Bhutan, Nepal and Srilanka owing to their focus on power infra.
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