Shares of GE Vernova T&D India Ltd were locked at 5% upper circuit on 30 July after the company announced its quarterly earnings for the April-June quarter. 

The company’s net profit for the quarter under review stood at Rs 291 crore, marking a 117.2% year-on-year increase compared to Rs 134 crore reported in the same quarter of the previous fiscal year. The company’s net profit improved by 56% quarter on quarter, from Rs 186 crore in Q4FY25.

The company’s revenue from operations increased by 38.8% to Rs 1,330 crore for the quarter, compared to Rs 958 crore reported for the same quarter last year. 

On the operating front, the earnings before interest, tax, depreciation, and amortisation (EBITDA) soared to Rs 388 crore during the quarter, highlighting a 113.2% YoY increase over Rs 182 crore recorded during the April-June quarter last year. 

The company’s order intake increased by 57% year on year, from Rs 10,290 million in Q1 FY24-25 to Rs 16,199 million in Q1 FY25-26. Key orders included 765kV transformers, GIS equipment for Bharat Heavy Electricals and private EPC companies, as well as several export orders for AIS/GIS systems in Europe, South-East Asia, the Middle East, and Africa.

In Q1 FY26, the company secured orders worth Rs 16,199 million, 86% domestic and 14% exports. Sales stood at Rs 13,301 million, with 61% domestic and 39% exports. Total orders in hand reached Rs 129,649 million, dominated by private players (65 %), followed by central utilities and PSUs (32%), and state utilities contributing just 3%, indicating strong public sector demand.

Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India, said, “We delivered a strong and productive first quarter of FY2025-26, driven by continued momentum as India modernises its grid to improve reliability, accommodate renewable energy sources, and meet increasing electricity demands from various sectors.”

GE T&D India Limited is an Indian firm that specialises in electricity transmission and distribution. The company’s business focuses on energy transmission products, projects, and systems, as well as other associated activities.

At 12:38 pm, the shares of GE Vernova were locked 5% higher at Rs 2,597 on NSE.

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