GE T&D India Q4 Review - Healthy Cashflow Offsets Margin Headwinds: ICICI Securities
A sub-station and electricity transmission pylons. (Photographer: Dhiraj Singh/Bloomberg)

GE T&D India Q4 Review - Healthy Cashflow Offsets Margin Headwinds: 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 T&D India Ltd. witnessed 36% YoY growth in revenue to Rs 9 billion during Q4 FY21, but declined 12% QoQ.

Improvement in working capital supported net debt reduction, which reduced to Rs 1.6 billion versus Rs 4.3 billion in March 2020 and Rs 1.8 billion in December 2020.

Higher commodity prices have impacted operating margins, which reduced 60 basis points QoQ.

Current order book is at Rs 45 billion implying Rs 7 billion order intake in Q4 FY21, localisation impetus is expected to support long-term gains in market share for the company.

Click on the attachment to read the full report:

ICICI Securities GE T&D Q4FY21 Results Update.pdf


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