 "Alstom T&D India hits 52-week high on robust Q2 results")
Alstom T&D India has rallied 7% to Rs 425, extending its previous day’s 4% gain on BSE, after reporting a robust 71% year on year (yoy) jump in net profit to Rs 35.52 crore for the quarter ended September 30, 2014 (Q2), on back of strong operational performance. The electric utilities company had profit of Rs 20.81 crore in a year ago quarter.
Operational revenues of the company grew 12% to Rs 914 crore in July-September quarter against Rs 817 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxation, depreciation and amortisation) expanded by 100 bps to 10.27% from 9.27% during the recently concluded quarter.
Meanwhile, speaking to CNBC-TV18, Rathin Basu, President & Managing Director of Alstom T&D India said the company has received the prestigious Champa Phase II HVDC bulk projects, adding that the order backlog now stands at Rs 7,800 crore.
The stock opened at Rs 405 and hit a 52-week high of Rs 429 on BSE. A combined 275,166 shares changed hands in first 45 minutes of trading on BSE and NSE.
Operational revenues of the company grew 12% to Rs 914 crore in July-September quarter against Rs 817 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxation, depreciation and amortisation) expanded by 100 bps to 10.27% from 9.27% during the recently concluded quarter.
Meanwhile, speaking to CNBC-TV18, Rathin Basu, President & Managing Director of Alstom T&D India said the company has received the prestigious Champa Phase II HVDC bulk projects, adding that the order backlog now stands at Rs 7,800 crore.
The stock opened at Rs 405 and hit a 52-week high of Rs 429 on BSE. A combined 275,166 shares changed hands in first 45 minutes of trading on BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%