Alstom Projects reports 63% rise in Q4 net profit

Alstom Projects has reported results for fourth quarter ended March 31, 2012

The company has posted a rise of 62.65% in its net profit at Rs 137.37 crore for the quarter ended March 31, 2012 as compared to Rs 84.46 crore for the same quarter in the previous year. Total income has increased by 44.29% at Rs 1,123.86 crore for quarter under review as compared to Rs 778.89 crore for the quarter ended March 31, 2011.

Alstom Projects is India’s leading environmental control systems provider with 3 GWs worth of orders, accounting for about 50% market share. The company is well positioned to serve India’s growing hydro needs. Projects currently under execution include the 2000 MW Subansiri Lower hydroelectric power plant in the states of Assam and Arunachal Pradesh, India’s largest hydro project.