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Earnings Call

GE Vernova T&D India Earnings Call: Key Takeaways

GE Vernova T&D India reported strong Q4 and FY26 results with substantial growth in order intake and profitability, driven by domestic energy transition and HVDC projects.

Highlights
Revenue growth45% YoY for FY26 (₹42.9bn to ₹62.1bn).
MarginsEBITDA margin improved from 19.1% to 27.1% FY26 YoY.
Order bookFY26 intake ₹147.8bn; includes Adani HVDC and PGCIL projects.
Demand visibilityStrong visibility through ₹214.6bn backlog (76% State/Central utilities).
Management confidenceHigh, reflected in 188% Q4 order intake growth.

Growth

Q4 revenue grew 42% YoY to ₹16.4bn; FY26 PAT surged 108% to ₹17.1bn (before exceptional items).

Outlook

Strong order backlog of ₹214.6bn provides multi-year visibility; focusing on HVDC terminal stations and AIS/GIS exports.

Risks

Exposure to volatile global supply chains and reliance on large-scale infrastructure projects in the power sector.

Source

Earnings Call filed with BSE, NSE: GVT&D. Summary written with AI assistance from the document.

Read the document ↗

GE Vernova T&D India Ltd: key numbers

Share price
₹4,280.00
Market cap
₹1,09,588 Cr
Revenue (annual)
₹6,206 Cr
Net profit (annual)
₹1,233 Cr
P/E (TTM)
84.0×Sector 53.6×
Promoter holding
51.00%+0.00% QoQ
FII holding
22.89%Current quarter

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

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New Order Win

GE Vernova T&D India Bags New Order from Power Grid Corporation of India Limited

GE Vernova T&D India has been selected as the L1 bidder by Power Grid Corporation for an HVDC Terminal Station project. No financial value was disclosed.

From
Power Grid Corporation of India Limited
Execution
multiple years
HVDC Terminal Station
6000.0 MW