GE Vernova T&D

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Company insights, generated from the most recent coverage.

Resignations of Independent Director Neera Saggi and Non-Executive Director Fabrice Aumont in July-August 2026 raise governance uncertainty.
Stock down 3% today amid profit-booking after a 1,200% 1-year rally; currently trading 23.7% below recent highs.
Post-ex-dividend selling pressure observed after ₹10 final dividend recommendation for FY26.

The Quarter story

The two most recent quarterly results, compared side-by-side.

GE Vernova T&D India shows strong sales growth and a robust order backlog, though rising input costs and domestic order volatility require monitoring.

EBITDA grows from ₹3,876 in Q1 FY26 to ₹4,608 in Q1 FY27, confirming strong operational profitability.

Cost of goods sold increases from ₹6,860 in Q1 FY26 to ₹10,770 in Q1 FY27, pressuring input margins.

Order backlog expands from ₹129.6 in Q1 FY26 to ₹209.3 in Q1 FY27, ensuring steady revenue visibility.

Domestic orders fall from ₹13,923 in Q1 FY26 to ₹6,165 in Q1 FY27, highlighting pipeline volatility.

Private sector backlog surges from ₹84,645 in Q1 FY26 to ₹160,484 in Q1 FY27, signaling robust private demand.

State utility backlog dips from ₹3,912 in Q1 FY26 to ₹3,340 in Q3 FY26 before recovering to ₹3,951 in Q1 FY27, showing regional project delays.

Export orders climb from ₹2,276 in Q1 FY26 to ₹5,205 in Q1 FY27, expanding the international footprint.

Other expenses rise from ₹1,593 in Q1 FY26 to ₹1,860 in Q1 FY27, increasing operational overhead.

Total sales rise from ₹13,301 in Q1 FY26 to ₹18,361 in Q1 FY27, reflecting consistent market demand.

Domestic sales grow from ₹8,051 in Q1 FY26 to ₹12,817 in Q1 FY27, nearing local capacity limits.

About the company

GE Vernova T&D India Limited, formerly GE T&D India Limited, is a leading player in the power transmission and distribution infrastructure business in India. The company offers a wide range of products and solutions for power generation, transmission, and distribution, including equipment for medium to ultra-high voltage (up to 1200 kV) applications. Their product portfolio includes power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, and turnkey substation engineering and construction services. The company also provides Flexible AC Transmission Systems (FACTS), High Voltage DC (HVDC) solutions, and maintenance support. GE Vernova T&D India has manufacturing sites across India and has been involved in numerous significant power infrastructure projects throughout the country.

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