Web Exclusive | February 2013
Alstom T&D orders increase, net dips in Q3
Alstom T&D India on February 1 said its orders in October-December 2012 increased 78 per cent compared with the similar previous period. The subsidiary of France-based Alstom reported an order book of Rs 6,646 crore as on December 31, 2012.
Alstom reported a net profit after tax of Rs 9.84 crore in the October-December quarter (Rs 30.16 crore). In the third quarter, the company earned around Rs 11 crore from land sales.
The company’s net sales increased by around 4.4 per cent to Rs 711.18 crore in the third quarter of 2012-13, against Rs 681.06 crore in the corresponding previous quarter. Alstom said that sales in the first nine months (April-December) of 2012-13 were flat at Rs 2,063 crore. This is because of customer-related project delays.
There are difficulties in land procurement, fuel shortages and project clearances. Alstom said that over the first nine months, operating profit reached 4.3 per cent against 8.6 per cent achieved last year, due to low market prices and provisioning for some customers, due to their perceived weak financial position.