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 10:02 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 |
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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.
