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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
₹4,238.90
Market cap
₹1,08,536 Cr
Revenue (annual)
₹6,206 Cr
Net profit (annual)
₹1,233 Cr
P/E (TTM)
75.5×Sector 51.9×
Promoter holding
51.00%+0.00% QoQ
FII holding
19.16%Current quarter

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

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