GE T&D India Q3 Review - Order Inflow Remains The Key: Prabhudas Lilladher
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.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.