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GE Vernova T&D India Limited Q3 FY26 earnings call summary

NSE: GVT&D · BSE: 522275

Earnings call of 28 Jan 2026, summarised by AI from the filing.

GE Vernova T&D India Q3 FY26 revenue ₹17 bn (+58% YoY), EBITDA margin 26.7%, order backlog ₹143.8 bn; FY26 EBITDA guided at higher end of mid-20s.

Key takeaways

  1. Growth driver Strong domestic TBCB pipeline and export execution; no slowdown seen.
  2. Risk Chinese competition if government relaxes Make in India criteria; policy clarification awaited.

Original filing on BSE

GE Vernova T&D India Limited Q1 FY27 results

As filed: Revenue ₹1,836 cr (+38% year on year), EBITDA ₹461 cr (+19% year on year), PAT ₹363 cr (+25% year on year), EBITDA margin 25.1% (−408 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,637 cr (+42% year on year), EBITDA ₹445 cr (+77% year on year), PAT ₹352 cr (+89% year on year), EBITDA margin 27.2% (+532 bps). Score 85 of 100, Above trend. EBITDA margin rose 532 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 4% from last quarter. Share price after the results: +16.4% in 30 days (Nifty 500: +2.9%).
  • Q3 FY26: Revenue ₹1,701 cr (+58% year on year), EBITDA ₹455 cr (+153% year on year), PAT ₹291 cr (+142% year on year), EBITDA margin 26.7% (+997 bps). Score 100 of 100, Above trend. EBITDA margin rose 997 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +32.5% in 30 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹1,538 cr (+39% year on year), EBITDA ₹396 cr (+93% year on year), PAT ₹299 cr (+106% year on year), EBITDA margin 25.8% (+725 bps). Score 97 of 100, Above trend. EBITDA margin rose 725 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −8.5% in 30 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹1,330 cr, EBITDA ₹388 cr, PAT ₹291 cr, EBITDA margin 29.2%. Not scored. No result for the same quarter last year. Share price after the results: +8.5% in 30 days (Nifty 500: −2.0%).
  • Q4 FY25: Revenue ₹1,153 cr, EBITDA ₹252 cr, PAT ₹186 cr, EBITDA margin 21.9%. Not scored. No result for the same quarter last year. Share price after the results: +25.0% in 28 days (Nifty 500: +1.1%).
  • Q3 FY25: Revenue ₹1,074 cr, EBITDA ₹180 cr, PAT ₹143 cr, EBITDA margin 16.8%. Not scored. No result for the same quarter last year.
  • Q2 FY25: Revenue ₹1,108 cr, EBITDA ₹205 cr, PAT ₹145 cr, EBITDA margin 18.5%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

GE Vernova T&D India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.