GE Power India reports Rs 41-cr profit

NEW DELHI: GE Power India on Tuesday reported a standalone net profit of Rs 41.11 crore for December quarter 2018 on the back of healthy revenue growth. The company had suffered a loss of Rs 42.13 crore in the year-ago period, a statement said. Total income rose to Rs 577.46 crore in the latest quarter from Rs 410.59 crore in October-December 2017, it said. During April-December 2018, the company's net profit rose to Rs 48.80 crore. In the year-ago ninemonth period, the company reported a loss of Rs 24.99 crore. Total income during the period rose to Rs 1,634.61 crore from Rs 1,095.36 crore a year ago. The company is mainly into the business of power generation.