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Alstom Projects declines on dismal Q3 numbers (11:13, 27 Jan 2012)

The result was announced after trading hours on Wednesday, 25 January 2012.

Meanwhile, the BSE Sensex was up 121.07 points, or 0.71%, to 17,198.25.

On BSE, 32,000 shares were traded in the counter as against an average daily volume of 29,516 shares in the past one quarter.

The stock hit a high of Rs 369.80 and a low of Rs 355.10 so far during the day. The stock had hit a 52-week low of Rs 280 on 22 December 2011. The stock had hit a 52-week high of Rs 691.90 on 26 April 2011.

The stock had outperformed the market over the past one month until 25 January 2012, rising 18.74% compared with the Sensex's 8.50% rise. The scrip had, however, underperformed the market in past one quarter, falling 29.62% as against 1.03% fall in the Sensex.

The mid-cap power equipment maker has an equity capital of Rs 67.02 crore. Face value per share is Rs 10.

The loss included a mark-to-market loss of Rs 39.48 crore on foreign exchange derivatives contracts.

Net sales rose 29.74% to Rs 475.82 crore in Q3 December 2011 over Q3 December 2010.

Alstom Projects reported 31% increase in employee cost at Rs 109.46 crore, compared with Rs 83.23 crore in the same quarter last fiscal.

Alstom Projects India supplies power generation services and equipment. The company provides energy generation through hydro power, gas turbine-based combined power plants, and steam power plants. The company also designs, manufactures, and supplies large scale transportation systems, electricity transmission systems, and energy management systems.

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