| Revenue growth | Q2 +32%, H1 +35% YoY |
|---|---|
| Margins | Q2 EBITDA 27.1% vs 25.8%; H1 26.2% vs 27.3% |
| Order book | Q2 intake ₹2,438 Cr (+52%); H1 ₹3,575 Cr (+11%) |
| Demand visibility | Backlog ₹21,443 Cr; 78% state utilities |
Growth
Q2 revenue +32% YoY to ₹2,027 Cr; PAT +44% to ₹431 Cr. H1 revenue +35%, PAT +34.5%.
Outlook
No explicit guidance given. Related-party GE Grid Solutions LLC order (US$151M approval) under negotiation.
Risks
H1 EBITDA margin down to 26.2% from 27.3%; H1 order intake only +11%; backlog flat since March 2026.
Last quarter's promises, checked
Delivered
- Guided mid-20s EBITDA margin for FY27 → H1 26.2%, Q2 27.1% (= BEAT)
Partly delivered
- Guided base orders ₹7,000–8,000 Cr for FY27 → H1 total intake ₹3,575 Cr (+11%), base-only split not disclosed (= PARTIAL)
- Guided ₹1,000 Cr capacity expansion on schedule → no progress disclosed; current call shows no capex plan (= PARTIAL)
Missed
- Guided ₹1,300 Cr US data-centre RPT order booked in Q2/Q3 FY27 → not booked; RPT approval lapsed, orders on hold (= MISS)
- Guided ₹3,000 Cr RPT order converting in H2 FY27 → on hold by customer; approval must be revalidated at AGM (= MISS)
Investor Presentation 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 52.8×
- 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 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.
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.