GE Power India Q3 results: Net profit at Rs 37 lakh on fall in expenses
GE Power India has turned profitable with a marginal net profit of Rs 37 lakh in December 2023 quarter, supported by a fall in expenses.
It had reported a net loss of Rs 139.9 crore in the October-December period of preceding financial year, the company said in an exchange filing on Monday.
The company’s total income fell to Rs 491.2 crore from Rs 544.5 crore a year ago.
Expenses trimmed to Rs 493.1 crore in the reporting quarter from Rs 563.9 crore in the same period last fiscal.
