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Investor Presentation

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.

Guidance and delivery
Management target Revenue 10.6% 2030
Highlights
Revenue growth38% YoY in Q1 FY27 to ₹18.4 billion.
MarginsEBITDA margin expanded from 3.7% (FY23) to 27.1% (FY26).
Order book₹209.3 billion as of June 2026.
Demand visibilityStrong, driven by renewables, HVDC, and AI data centers.
Management confidenceHigh, citing strategic positioning in 'energy super cycle'.

Growth

Revenue grew 38% YoY to ₹18.4B; PBT increased 25% YoY to ₹4.9B. FY26 EBITDA margin reached 27.1%.

Outlook

Investing ~₹10B in capacity expansion through 2028. Targeting exports to 60+ countries and high-growth AI data center markets.

Risks

Rising grid complexity requiring advanced cybersecurity and potential supply chain execution risks during rapid capacity expansion.

Last quarter's promises, checked

Delivered

  • Guided mid-20s EBITDA → delivered 25.1% (= BEAT)
  • Guided ₹10B capacity expansion → tracking on schedule (= BEAT)
  • Targeted zero debt → maintained zero debt position (= BEAT)

Partly delivered

  • Guided ₹7B-₹8B annual base orders → delivered ₹1.1B in Q1 (= PARTIAL)
  • Targeted 33% export revenue → delivered 30% in Q1 (= PARTIAL)

Missed

  • Expected Q2/Q3 RPT data center order → ₹0 booked in Q1 (= MISS)
Source

Investor Presentation filed with BSE, NSE: GVT&D. Summary written with AI assistance from the document.

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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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GE Vernova T&D India Management Change

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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