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Yes Securities Report
GE T&D India Ltd.'s Q3 print saw returning of double-digit Ebitda margin and more than doubling of order inflow sequentially as key highlights. Revenue growth, however, was weaker than expected (at 8% YoY).
GE T&D India turned debt-free with a strong cash generation of Rs 1.69 billion in Q3 FY24 and Rs 3.3 billion in 9M FY24.
The company’s profit after tax has reported a tectonic jump, 8.42 times Q3 FY23 PAT on account of sharp improvement in both, above and below Ebitda, performance.
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Also Read: RateGain Q3 Results Review - Strong With Ebitda Margin Beat; Maintaining A Buy: Anand Rathi
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