GE Vernova T&D India Reports Q1 Results, Notes Approval, and Calls 70th Annual General Meeting
GE Vernova T&D India Limited, formerly known as GE T&D India Limited, has announced the approval of its unaudited standalone financial results for the quarter ended June 30, 2026. The company also issued notice calling its 70th Annual General Meeting (AGM).The Board of Directors approved the Q1 financials and authorized the call for the AGM, which is scheduled to be held on Wednesday, September 9, 2026, through video conferencing or other audio-visual means. The unaudited financial results were reviewed by the Audit Committee and are accompanied by a limited review report from Statutory Auditors, Deloitte Haskins & Sells, Chartered Accountants.
Financial Snapshot for the Quarter Ended June 30, 2026
The company's performance metrics for the quarter ended June 30, 2026, reflected a total income of 18,779.8 million. Key financial figures are detailed below:| Particular | Quarterly Figure (June 30, 2026) |
|---|---|
| Revenue from operations | 18,361.4 million |
| Other income | 418.4 million |
| Total income | 18,779.8 million |
| Total expenses | 13,908.5 million |
| Profit before exceptional item and tax | 4,871.3 million |
| Profit before tax | 4,871.3 million |
| Income tax expense | 1,241.4 million |
| Net profit | 3,629.9 million |
| Total comprehensive income for the period | 4,143.3 million |
Analysis of Key Financial Items
The unaudited results incorporate several significant operational and financial developments. The company reported a gain of Rs. 686.1 million related to hedge accounting in other comprehensive income for the current quarter. This follows previous recognized figures, including a loss of R ($$9ellion for the quarter ended March 31, 2026, and a loss of Rs (2,453.3) million for the financial year ended March 31, 2026, stemming from changes in fair value of derivatives.Regarding labor matters, the company disclosed an exceptional charge during the period relating to the four Labour codes notified by the Government of India on November 21, 2025. During the quarter, a provision of R ($$693.0 million was made; this impact was subsequently reduced by Rs $73 million during the March quarter and reversed in the subsequent reporting period. The full year impact for the financial year 2025-26 related to these codes amounted to Rs. 635.7 million, which was classified as an exceptional item.
The company stated that its business activities fall within a single operating segment concerning products, projects, and systems for electricity transmission and related activities, based on Ind AS-108 guidelines.
GVT&D Stock Price Movement
On Wednesday, GE Vernova T&D India Limited gained 1.77%, closing at ₹4410 after rising by ₹76.80 in the previous session. The stock saw a traded volume of 626,067 shares during the market hours.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.