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Earnings Call

GE Vernova T&D India Earnings Call: Key Takeaways

GE Vernova T&D India reported a transformative FY26 with record order intake and significant margin expansion driven by India's energy transition and robust export demand.

Why this was an Alfa AlertNot a filter event. While performance was strong, it did not meet the specific criteria of beating prior guidance by >10%.
Highlights
Revenue growth45% YoY for FY26; 42% YoY for Q4.
MarginsRecord 27.2% EBITDA margin in Q4 due to favorable mix.
Order bookRecord ₹214.6B, up 49% YoY; Q4 bookings up 188%.
Demand visibilityStrong; peak demand projected to double by 2035.
Management confidenceHigh, citing historic transformation in India's power sector.

Growth

FY26 revenue grew 45% YoY to ₹62.1B; EBITDA more than doubled to ₹17B with Q4 margins at record 27.2%.

Outlook

Order backlog reached record ₹214.6B; planned ₹10B+ capex through 2028 including new facility in Tamil Nadu.

Risks

Inflationary pressures managed via price escalation clauses; potential slowness in state utility order finalization.

Source

Earnings Call filed with NSE, 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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16:26 IST BSE
Other Announcement

GE Vernova T&D India Other Announcement

GE Vernova T&D India Limited received an unsolicited Environmental, Social and Governance (ESG) rating of 'Crisil ESG 68' and 'CRISIL Core ESG 74' from CRISIL.

22:59 IST NSE
Management Change

GE Vernova T&D India Management Change

GE Vernova T&D has announced the re-appointment of Deloitte Haskins & Sells as statutory auditor and Sushil Kumar as Executive Director, alongside appointing Marco Simiano as Director.

18:07 IST NSE
Annual General Meeting

GE Vernova T&D India Annual General Meeting

GE Vernova T&D India Limited conducted its 70th Annual General Meeting on September 9, 2026. Shareholders transacted various ordinary and special business items during the proceedings.

17:06 IST NSE
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