Industrial Machinery company GE T&D; India announced Q4FY23 & FY23 results: Q4FY23: Sales revenue was Rs 7.0 billion up by 6.2%, compared to Rs 6.6 billion in Q4FY22 Loss before tax (including exceptional items) at Rs 1.2 million (-0.0%), against loss before Tax (including exceptional items) of Rs 349.8 million (-5.3%) in Q4FY22 Net Loss after tax at Rs 153.5 million (-2.2%), against Net loss after Tax of 225.3 million (-3.4%) in Q4FY22 Order bookings were Rs 8.7 billion up by 58.3%, compared to Rs 5.5 billion in Q4FY22 FY23: Sales revenue was Rs 27.7 billion down by 9.5%, compared to Rs 30.7 billion in FY22 Profit before tax (including exceptional items) at Rs 267.5 million (1.0%) against loss before Tax (including exceptional items) of Rs 694.8 million (-2.3%) in FY22 Net Loss after tax at Rs 14.9 million (-0.1%), against Net Loss after Tax of Rs 496.2 million (-1.6%) in FY22 Order bookings were Rs 27.4 billion up by 26.3% compared to Rs 21.7 billion in FY22 Sandeep Zanzaria, Managing Director & CEO of GE T&D; India, said, “In the financial year 2022-23, we made remarkable progress in modernizing India's grid infrastructure and supporting the nation's renewable energy targets. Our unwavering commitment to transforming India's energy landscape has been exemplified through key wins and successful project executions. In addition to commissioning multiple air-insulated and gas-insulated substations with various medium to high ratings, we supplied critical large equipment such as 765 kV and 400 kV transformers and reactors for numerous substation projects led by private and public utilities. These projects and installations play a crucial role in strengthening the country's transmission infrastructure and meeting the ever-increasing energy demands. Moreover, we have been at the forefront of deploying automation technology not only in India but also in neighboring countries. Our state-of-the-art automation and digital grid solutions have been widely adopted by utilities for their substations and control centers across the region. Notably, we secured a contract for the upgrade and automation of 39 substations in Nepal, which includes the establishment of six Master Control Centers (MCCs) and the replacement of outdated control and relay equipment. This significant project is a testament to our expertise and commitment to enhancing grid efficiency and reliability. We maintain the unwavering determination to enhance our performance in the upcoming years. We are determined to seize opportunities in the evolving renewable energy landscape, continue contributing to India's grid modernization efforts, and drive the widespread adoption of renewable energy sources.” Result PDF