GE Power stock slumps over 4% despite 8% increase in Q4 PAT to Rs16.02cr

Total income in the quarter under review rose to Rs938.15cr from Rs773.65cr earlier, the company said in a BSE filing.

Jun 23, 2021 03:06 IST India Infoline News Service

GE Power India shares slumped over 4% despite a Q4 net profit increase of nearly 8% at Rs16.02cr on the back of higher revenues. The consolidated net profit of the company stood at Rs14.87cr in the same quarter of the previous fiscal.

Total income in the quarter under review rose to Rs938.15cr from Rs773.65cr earlier, the company said in a BSE filing.

The Board of Directors of the Company has recommended a dividend of 10% i.e. Rs1/- per equity share for the year ended March 31, 2021.

The stock is currently trading at Rs338 down by Rs13.25 or 3.77% from its previous closing of Rs351.25 on the BSE.

The scrip opened at Rs357 and has touched a high and low of Rs358.75 and Rs335 respectively.

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