GE Power India Reports Strong Q1 Results with 316 Million Rupees Net Profit 2 days ago
GE Power India Limited (GEPIL) announced a remarkable turnaround in its Q1 financial performance. The company reported a net profit of 316.10 million rupees, compared to a loss of 250.10 million rupees in the same period last year. Revenue grew by 16.37% to 2,867.30 million rupees, while total income increased by 34.39% to 3,398.30 million rupees. EBITDA margin improved to 12.00% from -4.70%. The order backlog rose by 13.06% to 26,353.00 million rupees, indicating a strong project pipeline. GEPIL's Managing Director, Puneet Bhatla, expressed satisfaction with the company's performance, highlighting robust cash collection and successful growth strategy.
GE Power India Reports Loss in Q4, Reversing Previous Year's Profit May 29, 2025
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More news about GE Power
27Feb 25
GE Power India Secures Additional ₹273.5 Crore Contract for Greenko's Hydro Project
GE Power India Limited (GEPIL) has secured an additional ₹273.5 crore contract from Greenko for the Saundatti Hydro Project in Karnataka. This extension adds one 320MW unit to the existing pumped storage project, bringing the total contract value to ₹1136.9 crore. The project involves engineering, manufacturing, and installation of electromechanical equipment, with a completion deadline of November 22, 2027. This expansion represents a 31.7% increase in the original contract value and strengthens GEPIL's position in India's renewable energy sector.
20Feb 25
GE Power India Secures INR 403.38 Million Order, Strengthening Its Position in the Power Sector
GE Power India Limited (GEPIL) has received a new order worth INR 403.38 million (excluding GST) from NTPC Limited and M.P. Power Generating Co. Ltd. The order includes parts supply for Steam Turbine at Talcher site and Boiler Panel services. This aligns with GEPIL's revised business strategy focusing on growth areas like core services, service upgrades, FGD systems, and Durgapur operations. The order's execution timeframe is 15 months for Steam Turbine parts and 80 days for Boiler services, supporting the company's goal of improving cash flow and reducing working capital cycles.