GE Vernova T&D India Approves Financial Results and Recommends Final Dividend
GE Vernova T&D India Limited (formerly GE T&D India Limited) announced that its Board of Directors, in a meeting held on May 18, 2026, approved the financial results for the quarter and year ended March 31, 2026. The Board also recommended a final dividend for the financial year 2025-26.The statutory auditors confirmed that M/s. Deloitte Haskins & Sells Chartered Accountants issued an unqualified report on the financial results for the year ended March 31, 2026.
During the Board meeting, the company recommended a final dividend of 500%, translating to Rs. 10/- per Equity Share (face value of Re. 2/- each), for the financial year ended March 31, 2026. This dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). The Board also fixed the record date to determine the shareholders entitled to receive the final dividend.
Financial Performance Highlights
The company's financial results for the three periods were presented in millions of Rupees.Statement of Financial Results (Rs. Million)
| Particulars | Quarter ended 31-03-2026 (Unaudited) | Quarter ended 31-12-2025 (Unaudited) | Quarter ended 31-03-2025 (Unaudited) | Year ended 31-03-2026 | Year ended 31-03-2025 |
|---|---|---|---|---|---|
| Revenue from operations | 16,370.8 | 17,006.7 | 11,525.4 | 62,063.1 | 42,923.0 |
| Other income | 371.6 | 187.5 | 211.1 | 908.4 | 625.9 |
| Total income | 16,742.4 | 17,193.9 | 11,736.5 | 62,971.5 | 43,548.9 |
| Total expenses | 12,112.4 | 12,603.8 | 9,175.3 | 45,838.6 | 35,352.2 |
| Profit before exceptional item and tax | 4,630.0 | 4,590.1 | 2,561.2 | 17,132.9 | 8,196.7 |
| Profit before tax | 14,687.3 | 13,897.1 | 2,561.2 | 16,497.2 | 8,196.7 |
| Total income tax expense | 1,169.6 | 989.1 | 696.3 | 4,164.7 | 2,113.4 |
| Net profit | 3,517.7 | 2,908.0 | 1,864.9 | 12,332.5 | 6,083.3 |
| Total comprehensive income | 3,249.0 | 2,804.2 | 1,615.2 | 10,476.0 | 5,813.7 |
| Earnings per share (Rs.) | 13.74 | 11.36 | 7.28 | 48.16 | 23.76 |
Balance Sheet Snapshot
The Balance Sheet figures, presented in millions of Rupees, show significant changes in the company's asset and liability structure between March 31, 2025, and March 31, 2026.Assets and Liabilities (Rs. Million)
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| Total non-current assets | 12,199.0 | 9,886.1 |
| Property, plant and equipment | 3,825.7 | 3,402.0 |
| Capital work-in-progress | 654.1 | 472.7 |
| Total current assets | 65,195.3 | 36,724.7 |
| Trade receivables | 21,722.6 | 14,689.2 |
| Cash and cash equivalents | 15,252.6 | 4,711.9 |
| Total non-current liabilities | 1,571.9 | 982.4 |
| Total current liabilities | 48,919.5 | 27,897.3 |
| Total equity and liabilities | 77,394.3 | 46,610.8 |
Cash Flow Activity
The cash flow statement details a robust increase in operational cash generation for the year ended March 31, 2026.Cash Flow from Operations (Rs. Million)
| Particulars | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| Profit before tax | 16,497.2 | 8,196.7 |
| Net cash flow from operating activities (A) | 17,098.8 | 9,035.8 |
| Net cash used in investing activities (B) | (5,108.2) | (4,957.5) |
| Net cash used in financing activities (C) | (1,470.2) | (690.6) |
| Net increase in cash and cash equivalents (A+B+C) | 10,520.4 | 3,387.8 |
| Cash and cash equivalents at year end | 15,252.6 | 4,711.9 |
GVT&D Stock Price Movement
GE Vernova T&D India Limited shares edged higher today, closing at ₹4426.8 after rallying 1.98% in post-market trading. The stock saw significant investor interest, with 368,852 shares transacting during the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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