| EBITDA Margin: guided vs achieved | 27.10% achieved Guided 24.00%–26.00%, 4.2% above the top of the range; confirmed by management |
|---|
| Revenue growth | 32% YoY growth to ₹20.3 billion in Q2 FY27. |
|---|---|
| Margins | EBITDA margin at 27.1%, hitting upper band of guided range. |
| Order book | Backlog of ₹214.4 billion, exceeding three years of revenue. |
| Demand visibility | Strong pipeline from renewable energy integration and data center sectors. |
| Management confidence | Highly confident, citing historic inflection points in Indian power transmission. |
Growth
H1 revenue grew 35% YoY driven by aggressive grid expansion and high-value exports contributing 32% to revenue.
Outlook
Order backlog of ₹214.4 billion provides three-year revenue visibility; ₹11 billion capex underway to expand capacity.
Risks
Supply chain constraints and high raw material lead times remain primary execution bottlenecks for large projects.
Last quarter's promises, checked
Delivered
- Guided mid-20s EBITDA FY27 → delivered 27.1% (= BEAT)
Partly delivered
- Guided ₹70–80bn base orders FY27 → Q1 ₹11.4bn, reaffirmed (= PARTIAL)
- Guided ₹10bn capex → now ₹11bn, 20% spent (= PARTIAL)
Missed
- Guided ₹30bn RPT order H2 FY27 → customer put on hold, none booked (= MISS)
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
- ₹4,020.00
- Market cap
- ₹1,02,931 Cr
- Revenue (annual)
- ₹6,206 Cr
- Net profit (annual)
- ₹1,233 Cr
- P/E (TTM)
- 78.9×Sector 51.5×
- 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 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.
GE Vernova T&D India Board Meeting Date
GE Vernova T&D India will hold a board meeting on October 30, 2026, to consider and approve un-audited financial results for the quarter ended September 30, 2026.
GE Vernova T&D India Other Announcement
The company submitted the quarterly certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, regarding securities dematerialization processes for the quarter ended September 30, 2026.