GE T&D India (Alstom T&D India) saw its share price jump in double digits on strong June quarter earnings. The company moved its balance sheet from red to green YoY, posting a net profit of Rs 61.6 crore for the first quarter ended June 30, 2017 against a net loss of Rs 197.4 crore in the year-ago period.
The firm also reported a total income of Rs 1,305.5 crore in the reporting quarter against Rs 937.7 crore in the same quarter last year.
The company is a player in the power transmission and distribution business. It focuses on medium voltage to ultra high voltage (1,200 kV) for power generation, utility, industry and infrastructure markets. It has recently focused on growing exports to neighboring South Asian countries to boost growth.