Alstom T&D India standalone Q3 Net drops 86%

Image
Press Trust of India New Delhi
Last Updated : Jan 29 2015 | 7:55 PM IST
Alstom T&D Ltd has reported an 86.37 per cent decline in its net profit at Rs 2.58 crore for the quarter ended December 31, 2014.
The company's net profit in the corresponding quarter of the last fiscal stood at Rs 18.93 crore, Alstom T & D Ltd said in a filing to the BSE.
Total income from operations during the quarter came down to Rs 766.09 crore, from over Rs 848.32 crore in the corresponding period of FY14, the company said.
Alstom T&D India Managing Director Rathin Basu said that though there are positive sentiments in the industry, market continues to be challenging.
The company also delivered on project execution front with the successful commissioning of Rajasthan's first 765 kv substation at Anta, he said.
During the third quarter, Alstom won orders from firms including Rajasthan Rajya Vidyut Prasaran Nigam Ltd and NTPC.
*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

More From This Section

First Published: Jan 29 2015 | 7:55 PM IST

Next Story