GE T&D India Ltd., incorporated in the year 1957, is a Mid Cap company (having a market cap of Rs 3174.98 Crore) operating in the Power sector.
GE T&D India Ltd. key Products/Revenue Segments include Income from Project Development, Transmission Line Equipment, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 601.66 Crore, down -12.28 % from last quarter Total Income of Rs 685.92 Crore and down -5.76 % from last year same quarter Total Income of Rs 638.42 Crore. Company reported net profit after tax of Rs 6.36 Crore in latest quarter.
The brokerage believes gross margin improvement will sustain and might see improvement with pick up in execution in FY23. It maintains BUY rating on the stock with a revised target price of Rs153 based on 25x FY24E EPS
Promoters held 75.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.25 per cent, DIIs 15.72 per cent.
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