ICICI Securities: GE T&D India Q1 Review -- Better-Than-Expected Execution

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 a 12% YoY drop in revenues to Rs 6.4 billion during Q1 FY21, which was better than expectations.Higher execution and Rs 120 million in savings from cost-control measures resulted in Ebitda breakeven for the quarter.The focus on self-reliance and boycott of Chinese equipments are likely to support medium to long term market share under automation, statcom, gas insulated substation (GIS) and transformers.Despite lockdown-related domestic slowdown, green energy corridor-related order is likely to finalise by September 2020.Certain state governments like Rajasthan will go ahead with ordering plans. Hence, the ordering activity is likely to bunch up during H2 FY21..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

ICICI Securities: GE T&D India Q1 Review -- Better-Than-Expected Execution

ICICI Securities: GE T&D India Q1 Review -- Better-Than-Expected Execution

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