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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
₹4,238.90
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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