Alstom T&D India's annual profit after tax jumps 39%

The power transmission and distribution equipment maker posted a PAT of Rs 84.1 crore in 2012-13

Alstom T&D India today reported a 39% jump in profit after tax to Rs 117 crore in the year ended March 31.

The power transmission and distribution equipment maker posted a profit after tax of Rs 84.1 crore in 2012-13, Alstom T&D India said in a statement. Sales revenue increased 11.8% to Rs 3,517.1 crore.

Sales in the fourth quarter (January-March) increased 20.4% to Rs 1,308.2 crore. Operating profit in the quarter increased to Rs 109.4 crore, according to the statement, which did not mention profit after tax figures.

The company said on April 30 that French parent firm Alstom is considering a $17 billion proposal from General Electric to acquire its energy business.

Alstom T&D India said it maintained market leadership in the transmission domain for the sixth year in a row despite difficult conditions.

"We also had significant successes in advance technology automation products and solutions projects involving national grid security and load dispatch systems," Managing Director Rathin Basu said in the statement.

Last month, Alstom T&D India secured a contract worth 8.4 million euros (about Rs 67 crore) from PowerGrid Corporation to expand and upgrade energy management systems for several control centres in the northeast.

Shares of the company closed at Rs 271.20 on the BSE, down 1.29%.