Industrial Machinery company GE T&D; India announced Q3FY24 results: Financial Performance: - The revenue for Q3FY24 was Rs 8.4 billion, showing an increase of 8.0% compared to Rs 7.8 billion in Q3FY23. - EBITDA for Q3FY24 reached Rs 923 million, marking an increase from Rs 391 million in Q3FY23, and representing an EBITDA margin of 11.0% compared to the 5.0% of the previous year. - Profit After Tax (PAT) significantly increased to Rs 494 million (5.9% of revenue), up from Rs 47 million (0.6% of revenue) reported in the third quarter of the previous year. Order Bookings and Wins: - Order bookings for the quarter were Rs 23.7 billion, a substantial 204% increase over the Rs 7.8 billion recorded in the third quarter of the previous year. - Notable orders secured during the quarter included: - HVDC Transformers supply order from UK Grid Solutions Ltd. (a GE Group Company). - 765 kV Power Transformers and Shunt Reactors order from Power Grid Corporation of India Ltd for various projects. - 420kV GIS supply for NTPC Talcher Thermal Power Project's STAGE III from Bharat Heavy Electricals Ltd (BHEL). - Construction of 765 KV GIS Substation at Khavda PS1 (KPS1-Augmentation) for Adani Energy Solutions, excluding civil work. - 400kV GIS Substation supply and construction at Babarzar for Gujarat Energy Transmission Company Ltd (GETCO). - Orders for a data center project in Maharashtra and 765 KV Substations in renewable energy zones of Rajasthan. - Turnkey construction of a 220 kV Sectionalizer at Hindalco, Lapanga for Aditya Birla. - Supply of bus bar relays and Substation Automation for solar pooling and Adani Green Energy Ltd's ventures. - Various infrastructure projects for Power Grid Corporation of India Ltd through orders from EPC companies. Operational Achievements: - Successful commissioning of 46 transformers and reactors with a total MVA exceeding 6700. - Commissioned various AIS and GIS substations and associated infrastructure across different locations, including Infrastructure at Power Grid, Kopili, and Renew Koppal projects, and a transformer at BPC Chumdo in Bhutan. Sandeep Zanzaria, Managing Director & CEO of GE T&D; India, commented on the results: "As the pace of global energy transition accelerates with India spearheading the shift, our Q3 order book reflected a surge in demand - both in terms of domestic and exports. This, combined with our unwavering focus on optimization and strong order execution paved the way for improvement in profitability and the company becoming debt-free. We remain steadfast in our focus on serving the nation's needs and significantly contributing towards 'Make in India' initiative." Result PDF