GE Power India Limited — Others, 29-05-2025: Change in Management

GE Power India Limited has announced a board meeting where it approved the financial results for the quarter and year ended 31 March 2025. The company reported total income of INR 276.78 Cr for Q4 and INR 1,118.39 Cr for the full year from continuing operations. Despite a loss before tax of INR 29.99 Cr in Q4 and INR 38.02 Cr for the year, it posted a profit after tax and exceptional items of INR 156.13 Cr in Q4 and INR 191.81 Cr for the year. The year included completion of the Hydro business slump sale and gains from discontinued operations. The Board approved the retirement of Mr. Mahesh Palashikar as Chair and appointed Mr. Craig Martin Richards as incoming Chair from August 2025. Strong order backlog growth and improved cash collections highlight progress on strategic goals.