GE Power shares jump 2% as Q1 net profit surges 246%
Shares of GE Power were in focus on Thursday, August 14, after the company reported strong June quarter (Q1 FY26) results. The firm posted a net profit of Rs 34.7 crore, marking a 246% year-on-year (YoY) jump from a loss of Rs 9.54 crore in the same period last year.
Sales for the quarter rose 16% YoY to Rs 287 crore, compared to Rs 246 crore in June 2024. The company also recorded a significant improvement in EBITDA, narrowing its loss to Rs 12.2 crore from Rs 18.4 crore a year earlier. Earnings per share (EPS) stood at Rs 5.16, up 463% YoY from a negative Rs 1.42 in June 2024.
As of 9:53 am today the shares were trading over 2% up.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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