Alstom T&D India Limited announces Q3, 2013-14 results

Alstom T&D India Limited today announced its financial results, for the third quarter and nine months ended December 2013, following approval by the Companys Board of Directors. 

For Q3, 2013-14 

Sales : 8,472 MINR ( Y-O-Y + 19.4%)

Profit After Tax : 189 MINR ( Y-O-Y + 90.9%) 

For first nine months 2013-14 

Sales : 22,090  MINR  ( Y-O-Y + 7.3%)

Profit After Tax : 548 MINR  ( Y-O-Y + 76.8%)

Order Backlog : 64,900 MINR ( +4% over March 2013 )

For the quarter ending 31st December, 2013, Alstom T&D India won orders worth 8,100 MINR,    leading to a backlog of 64,900 MINR at the close of December 2013.  Sales increased by 19.4% to 8,472 MINR over the same quarter last year. Operating Profit for the quarter improved further to 5.9%, compared to 4.6% in the third quarter of 2012-13.

In the first nine months, sales increased by 7.3% to 22,090 MINR, an improvement in the conversion from the backlog. Over the first nine months, Operating Profit reached 6.5% compared to 4.4% achieved last year, through optimization of costs and volumes.

During the quarter, Alstom T&D India won a number of significant orders from central and state utilities such as the 400 kV Reactors package from NPCIL, 400/220 kV AIS and GIS substation packages from WBSETCL, and 400/220 kV turnkey GIS substation package for Gumma from HPPTCL. Alstom T&D India also won a major power transformer package order from Reliance Industries Limited for its Jamnagar refinery complex.  

The Company made its presence felt at the Elecrama 2014 - one of the largest trade shows for the electrical and electronics industry in Asia, wherein it showcased a number of technologies and innovations. At the event, it displayed for the first time in India, the latest generation of T155 gas-insulated substation (GIS), designed to meet the future challenges of electrical networks up to 420 kV, 63 kA, 5000/6300A.

Commenting on the results, Rathin Basu, Managing Director, Alstom T&D India said: Despite frequent postponement of customer projects we have been able to improve execution and sales performance in Q3. Backlog continues to be at a good level. Alstom continues to lead the market and has improved its market position at the high end of the market.  

About Alstom 

Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over 20 billion and booked close to 24 billion in orders in 2012/13. 

Alstom T&D is a market leader in the Indian power transmission sector. It has over 100 years of expertise in building the transmission infrastructure for the country. Alstom has a strong portfolio of products, solutions and services, comprising the entire range of transmission equipment up to Extra and Ultra High Voltages (765 kV and beyond) including air-insulated switchgear (AIS) and locally manufactured power transformers and gas-insulated switchgear (GIS). It also provides power electronics solutions (HVDC, FACTS) to create super highways and offers highly advanced power management Smart Grid solutions for transmission and distribution including renewable energies integration. With over 3,500 employees and eight world class manufacturing units, Alstom T&D India is future ready to support the rapidly evolving transmission sector in India. 

Press Contacts 
Shreyosi Sen
Tel: +91 120 473 1676 / +91 9811908403
shreyosi.sen@alstom.com 

Website www.alstom.com; www.alstom.com/india