| 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
- ₹4,280.00
- 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.
More from GE Vernova T&D India Ltd
All →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.
GE Vernova T&D India Investor Presentation: Key Takeaways
GE Vernova T&D India reported strong Q1 FY27 results with 38% YoY revenue growth and significant margin expansion driven by a robust order backlog of ₹209.3B.
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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.
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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.
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
GE Vernova T&D India Investor Presentation: Key Takeaways
Q1 FY27 revenue grew 38% YoY to ₹18.4B with PBT rising 25% to ₹4.9B. Company maintains a strong order backlog of ₹209.3B.