Conference Call with GE Power India Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company GE Power India announced Q3FY25 results Total income for the quarter from continuing operations was Rs 3,442.9 million up by 9.9%, compared to Rs 3,131.4 million in Q3FY24. Profit/(Loss) before exceptional items from continuing operations for the quarter at Rs 78.5 million, compared to Rs 85.0 million in Q3FY24. Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the Quarter from continuing operations Ended (QE) 31 Dec 2024 is 4.5%, compared to 6.8% for the Q3FY24. The current quarter ended with Order backlog of Rs 27,060 million up by 69.0% compared to Rs 16,008 million in quarter ended 31 Dec 2023 of continuing operations. Puneet Bhatla, Managing Director, GE Power India, said: “I am pleased to share that your Company’s current strategy, which focuses on new growth areas, is progressing well, achieving a threefold increase in order bookings as compared to the December 2023 quarter. This quarter saw a significant order win of the Vindhyachal Steam Turbine upgrade from NTPC Limited, valued at 348 crore. I am also proud to report that your Company, for its continuing operations has reported profits for the second consecutive quarter.” Result PDF
Heavy Electrical Equipment company GE Power India announced Q2FY25 results Total income for the Q2FY25 was Rs 2,444.5 million down by 2.5%, compared to Rs 2508.0 million in Q2FY24. Profit/(Loss) before exceptional items from continuing operations for Q2FY25 at Rs 91.4 million, compared to Rs -359.4 million in Q2FY24. EBIDTA (before interest and depreciation expense) for the Q2FY25 from continuing operations is 9.1%, compared to -6.3% for the Q2FY24. The Q2FY25 with Order backlog of Rs 25,597 million up by 45.3% compared to Rs 17,611 million in Q2FY24 of continuing operations. Puneet Bhatla, Managing Director, GE Power India, said: “The second quarter of the FY25 fared strongly for executing on our strategy with 2X growth specifically for Upgrade and Core Services as compared to the preceding year. GEPIL completed the sale and transfer of said Gas Power Business in accordance with the terms of the business transfer agreement entered into with the purchaser dated 15 July 2024. I am pleased to share that your Company received the Wanakbori Steam Turbine upgrade project from GSECL as well as the Boiler R&M; project for the Vedanta, Jharsuguda power station. This is the fourth consecutive quarter with positive one-time impact (EBITDA) supported by claims.” Result PDF