ALFA Finder| EBITDA Margin: guided vs achieved | 25.10% achieved Guided 24.00%–26.00%; confirmed by management |
|---|
| Revenue growth | Revenue rose 38% YoY to 18.4 billion INR on execution throughput. |
|---|---|
| Margins | Gross margins dipped to 41.3%; EBITDA stabilized via operating leverage. |
| Order book | Backlog at 209.3 billion INR, roughly 3.5x current annual revenue. |
| Demand visibility | Strong grid expansion demand driven by 500GW renewable target by 2030. |
| Management confidence | Confident in mid-20s EBITDA despite gross margin volatility and commodity headwinds. |
Growth
Strong 38% YoY revenue growth driven by executing a high-quality, diversified order backlog.
Outlook
Order backlog of 209 billion INR provides visibility for over three years of revenue.
Risks
Gross margin compression (41.3% vs 48.4% YoY) and slowing domestic order intake pose short-term risks.
Last quarter's promises, checked
Delivered
- Guided mid-20s EBITDA margin → delivered 25.1% (= BEAT)
- Guided >10 billion INR capex program → 10 billion INR expansion underway (= BEAT)
- Guided 0 debt position → maintained zero-debt status (= BEAT)
Partly delivered
- Guided 7,000-8,000 million INR base order intake → domestic intake slowed in Q1 (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: GVT&D. Summary written with AI assistance from 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.
More from GE Vernova T&D India Ltd
All →GE Vernova T&D India Bags New Order from Power Grid Corporation of India Limited
GE Vernova T&D received a Letter of Award from Power Grid for a 6000 MW HVDC terminal station. Value is undisclosed and the definitive agreement is pending.
- From
- Power Grid Corporation of India Limited
- HVDC terminal station capacity
- 6000.0 MW
GE Vernova T&D India Earnings Call Transcript: Key Takeaways
GE Vernova T&D India delivered robust 32% revenue growth and exceptional EBITDA margins of 27.1%, significantly outperforming its mid-20s guidance.
GE Vernova T&D India Results Update
GE Vernova T&D India reported Q2 FY27 revenue up 32% year-on-year and profit after tax up 44%. Order bookings rose 52% to INR 24.4 billion.
GE Vernova T&D India Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹2,027 Cr (+32% YoY), PAT ₹431 Cr (+44%), EBITDA margin 27.1%. H1 revenue and PAT both up about 35%. Q2 order intake +52%.
GE Vernova T&D India Q2 FY27 Results: Net Profit ₹431.4 Cr, Up 44.0% YoY
GE Vernova T&D India approved unaudited standalone results for the quarter ended 30 September 2026. Quarterly net profit rose to Rs.431.4 crore from Rs.299.5 crore.
- Key figure
- Net profit ₹431.4 Cr · +44.0% YoY
GE Vernova T&D India Other Announcement
GE Vernova T&D India Limited filed the Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026, as required by SEBI regulations.