GE Vernova T&D India Reports Strong Financial Results for Q4 and Full Year 2025-26
GE Vernova T&D India Limited announced its audited financial results for the fourth quarter (Q4) and the full year ended March 31, 2026, on May 18, 2026. The results highlighted significant year-over-year growth across key metrics, driven by robust operational achievements and major order bookings in the power transmission sector.Q4 and Full Year 2025-26 Financial Performance
The company reported substantial increases in revenue, EBITDA, and profit after tax for both Q4 and the full fiscal year 2025-26.
The financial results comparison is detailed below:
| Metric | Q4 FY26 (Jan 1, 2026 - Mar 31, 2026) | Q4 FY25 (Quarter Ended March 2025) | % Change YoY (Q4) |
|---|---|---|---|
| Revenue | INR 16.4 billion | INR 11.5 billion | Up 42% |
| EBITDA | INR 4.4 billion (27.2%) | INR 2.5 billion (21.9%) | Up 77% |
| Profit After Tax (PAT) | INR 3.5 billion (21.5%) | INR 1.9 billion (16.2%) | Up 89% |
| Order Bookings | INR 86.1 billion | INR 29.9 billion | Up 188% |
| Metric | FY 24-25 | FY 25-26 | % Change YoY (Full Year) |
|---|---|---|---|
| Revenue | INR 42.9 billion | INR 62.1 billion | Up 45% |
| EBITDA | INR 8.2 billion (19.1%) | INR 16.8 billion (27.1%) | Up 106% |
| Profit After Tax (PAT) | INR 6.1 billion (14.2%) | INR 12.3 billion (19.9%) | Up 103% |
| Order Bookings | INR 107.8 billion | INR 147.8 billion | Up 37% |
Key Order Wins and Commissioning
GE Vernova T&D India Limited secured several significant orders, underlining its crucial role in India's energy infrastructure development. Notable contracts included:
- Securing an order from Adani Energy Solutions Ltd. to supply High-Voltage Direct Current (HVDC) VSC terminal station for the 2.5-gigawatt Khavda -South Olpad renewable power transmission corridor.
- Securing an order from the Power Grid Corporation of India Ltd. (PGCIL) for the refurbishment of the 2x500MW Chandrapur HVDC Back to Back Station.
- Securing an order from PGCIL for 765 kV 500 MVA Inter Connected Transformers (ICTs) and 765kV 110 MVAR reactors to evacuate power from renewable energy zones.
- Further securing orders of 765kV 500 MVA ICTs, 765 kV 110 MVAR reactors, and 800kV/420kV/245kV GIS from a private TBCB developer in Gujarat.
- Additionally, the company secured multiple orders for export of AIS/GIS equipment to Europe, the Middle East, and Africa.
On the commissioning front, the company successfully completed multiple projects, including a 400 / 200 kV substation for Renew RTM Extension site at Gadag, Karnataka, and commissioning a 765 kV, 1-phase ICT and Shunt Reactor at PGCIL sites in Ramgarh, Bhadla III, and Maheshwaram.
Strategic Investments and Dividend Recommendation
The Board of Directors approved an investment of INR 550 million to boost capacity for disconnectors and drives for 362 kV Dead Tank Circuit Breakers. This new capacity facility will be established in Vallam, Tamil Nadu.
Furthermore, the Board recommended a dividend of INR 10/- per equity share for the financial year 2025-26, pending shareholder approval.
Management Commentary
Sandeep Zanzaria, Managing Director & CEO, stated that GE Vernova T&D India has delivered a stellar year marked by record order bookings and strong execution. He noted that the company initiated significant capital investments of more than INR 10 billion across multiple product lines and facilities during the year, establishing critical foundations for future growth. He reiterated the team's commitment to supporting India's energy transition with reliable, innovative solutions.
GVT&D Stock Price Movement
On Monday, GE Vernova T&D India Limited shares rallied, gaining 1.98% and closing the session at ₹4426.80. The stock completed trading with significant volume, recorded at 368,852 shares.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.
Last edited by a moderator: