GE Power India Ltd's Q3FY19 standalone net profit rises 18.5% yoy to Rs42cr

The company’s standalone revenue stood at Rs552cr, up 51% yoy, but down 2.1% qoq.

Feb 12, 2019 03:02 IST India Infoline Research Team

GE Power India Ltd Q3FY19

Standalone Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 552 51
EBITDA 78 186
EBITDA Margin (%) 14.2 670
Net Profit (adjusted) 42 18.5
***EBITDA margin change is bps

GE Power India Ltd reported significant earnings growth in Q3FY19 due to strong execution. Revenue in the quarter grew 51% yoy to Rs552cr. EBITDA stood at Rs78cr, up 186% yoy, while the EBITDA margin stood at 14.2%, up 670bps yoy. Adjusted net profit in the quarter ended December 2018 stood at Rs42cr, up 18.5% yoy.
  • Employee costs fell 17.1% yoy to Rs83cr in Q3FY19.
  • Depreciation costs fell 36% yoy in Q3FY19 to Rs7.9cr due to a sale of assets under the company’s restructuring efforts.
  • The company reported an exceptional loss of Rs0.9cr on loss on assets held for sale.

Technical View:

GE Power India Ltd is currently trading at Rs779.20, up 42.2 points, or 5.73%, from its previous close of Rs737 on the BSE. The scrip opened at Rs730.20 and has touched a high and low of Rs799.90 and Rs708.90, respectively. So far. 88,880 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50-DMA.

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