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Earnings Call

GE Power India Earnings Call: Key Takeaways

GE Power India reported a strong FY26 turnaround with 19% revenue growth and significantly improved profitability driven by a strategic shift to high-margin core services and legacy settlement gains.

Why this was an Alfa AlertFull-year revenue of ₹1269cr was 15% above the company's internal budget/guidance for core services.
Highlights
Revenue growthFull year revenue up 21% YoY to ₹1269cr.
MarginsNormalized EBITDA at 11%, aided by higher service-mix profitability.
Order bookBacklog at ₹1628cr, providing roughly two years of visibility.
Demand visibilityStrong sectoral demand for coal-based power reliability and upgrades.
Management confidenceHigh; pivoting to asset-light, high-margin service model successfully.

Growth

Core services orders grew 32% YoY; full-year revenue rose 21% to ₹1269cr, beating budgets by 15%.

Outlook

Targeting 11% normalized EBITDA; dividend of ₹7 per share recommended after a four-year hiatus.

Risks

Declining order backlog due to FDG contract terminations and exit from new-build boiler markets creates execution risk.

Source

Earnings Call filed with NSE, NSE: GVPIL. Summary written with AI assistance from the document.

Read the document ↗

GE Power India Ltd: key numbers

Share price
₹669.70
Market cap
₹4,502 Cr
Revenue (annual)
₹1,269 Cr
Net profit (annual)
₹252.6 Cr
P/E (TTM)
16.6×Sector 53.6×
Promoter holding
68.58%+0.00% QoQ
FII holding
1.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:05 IST BSE
Legal & Regulatory

GE Power India Legal & Regulatory

GE Power India received a GST order from the Odisha tax authority for FY 2020-21, demanding tax and penalty totaling approximately ₹0.42 Crore.

Value
₹0.42 Cr
From
Assistant Commissioner of GST and Central Excise, Bhubaneswar