GE Power India Q4 Review - Healthy Execution, Focus Towards Services: ICICI Securities
An employee reads inspection documents inside the General Electric Co. power plant (Photographer: Akos Stiller/Bloomberg)

GE Power India Q4 Review - Healthy Execution, Focus Towards Services: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

GE Power India Ltd. reported healthy revenue growth at 27% YoY to Rs 9.3 billion in Q4 FY21 led by strong flue gas desulfurisation order execution.

Company has a robust executable orderbook of Rs 54 billion (~1.5 times trailing twelve months sales) and the order pipeline for flue gas desulfurisation too is promising, as majority of state and private utilities are yet to tender.

The withdrawal of parent from large coal utility projects opens up opportunities for the company to focus on long-term value creation by ramping up the high-margin, high-return on capital employed services business.

Click on the attachment to read the full report:

ICICI Securities GE Power India Q4FY21 Results Update.pdf


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