GE Power India loss narrows to Rs 129.70 cr in March quarter

GE Power India has reported a consolidated net loss of Rs 129.7 crore in the quarter ended March 2023, down from Rs 179.1 crore in the year-ago period. The company’s total income for the quarter stood at Rs 359.43 crore, a fall from Rs 618.86 crore in the previous year. However, in the fiscal 2022-23, the company’s consolidated net loss grew to Rs 440.58 crore from Rs 288.82 crore in 2021-22. The company’s core services have witnessed strong growth for the business in the past year.