GE Vernova T&D India Q1 FY27 Revenue Up 38% YoY to ₹18.4B
GE Vernova T&D India Limited reported a strong first quarter for FY 2026-27, with revenue surging 38% year-on-year to INR 18.4 billion. Profit After Tax also saw a significant increase of 25% YoY, reaching INR 3.6 billion. Despite a 30% YoY decrease in order bookings to INR 11.4 billion, the company secured several key orders for CTs, CVTs, GIS, and Grid Automation packages across various geographies and industries. Operational highlights include the successful commissioning of multiple 400 kV and 765 kV bays and GIS projects. The company emphasized its commitment to margin-accretive growth and investments in capex to strengthen capabilities in critical areas like HVDC and transformers to support India's energy transition.
Key Highlights
- Revenue grew 38% YoY to INR 18.4 billion in Q1 FY27.
- Profit After Tax increased 25% YoY to INR 3.6 billion.
- Order bookings decreased 30% YoY to INR 11.4 billion.
- Secured multiple orders for GIS, CTs, CVTs, and Grid Automation.
- Successfully commissioned several key transmission and substation projects.
Price Impact
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