Alstom T&D share price fell as much as 9.6 per cent in the morning trade on Thursday after the company posted net loss of Rs 18.21 crore for the quarter ended December 2015 against net profit of Rs 2.58 crore in the corresponding quarter a year ago.
At 11.52 am, shares of Alstom T&D were trading 7.85 per cent down at Rs 389.75. The scrip opened at Rs 415 and had touched a high and low of Rs 415 and Rs 382, respectively, in trade so far. Later, the share price of the company ended 6.62 per cent down at Rs 394.95.
Total income from operations declined to Rs 755.2 crore in the quarter, over Rs 766 crore in the same period last year.
Total expenses of the company jumped by 2.67 per cent year-on-year to Rs 745.04 crore in the quarter under review. The figures were at Rs 725.63 crore in the corresponding quarter last year.
The company is engaged in the business relating to products, projects and systems of electricity transmission and related activities only.