Synopsis:
Shares surged 5% after the power transmission firm reported a 115% YoY rise in net profit and 38% revenue growth in Q1FY25. Strong order intake, healthy sales mix, and robust public sector demand further boosted investor confidence.
The shares of the prominent power transmission company hit 5 percent upper circuit in today’s trading session after the company’s net profit and revenue jumped by 115 percent and 38 percent, respectively, in Q1FY25.
With a market capitalization of Rs 66,680.92 crore, the shares of GE Vernova T&D India Ltd were trading at Rs 2,604.25 per share, increasing around 5 percent as compared to the previous closing price of Rs 2,480.25 apiece.
The shares of GE Vernova T&D India Ltd have seen positive movement after reporting positive results in Q1FY26. Revenue increased by 15 percent on a quarter-on-quarter basis from Rs. 1,153 crore in Q4FY25 to Rs. 1,330 crore in Q1FY26. Further, revenue increased by 38 percent year on year, from Rs 958 crore in Q1FY25 to Rs 1,330 crore in Q1FY26.
The company’s net profit increased by 56 percent on a quarter-on-quarter basis, from Rs.186 crore in Q4FY25 to Rs. 291 crore in Q1FY26. Further, net profit increased significantly by 115 percent year on year from Rs 135 crore in Q1FY25 to Rs 291 crore in Q1FY26.
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The company recorded a strong 57 percent YoY growth in order intake, rising from ₹10,290 million in Q1 FY24-25 to ₹16,199 million in Q1 FY25-26. Key orders included 765kV transformers, GIS equipment for Bharat Heavy Electricals and private EPC players, and multiple export orders for AIS/GIS systems across Europe, South-East Asia, the Middle East, and Africa.
In Q1 FY26, the company secured orders worth ₹16,199 million, 86 percent domestic and 14 percent exports. Sales stood at ₹13,301 million, with 61 percent domestic and 39 percent exports. Total orders in hand reached ₹129,649 million, dominated by private players (65 percent), followed by central utilities and PSUs (32 percent), and state utilities contributing just 3 percent, indicating strong public sector demand.
GE T&D India Limited is an India-based company that is engaged in the power transmission and distribution business. The Company’s business activity relates to products, projects, and systems for electricity transmission and related activities.
Written by Abhishek Singh
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