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GE Vernova T&D

Q1 FY26Electrical Equipment

GE Vernova T&D Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹4,127
Market cap₹1.1L Cr
P/E82.5
Updated23 Aug 2026
Read4 min read

The short version

The company expects continued strong growth with a 39% year-on-year revenue increase already observed in Q1 FY '25-'26. The company demonstrated strong financial performance in Q1 FY '25-'26 with 40% revenue growth and significant EBITDA margin expansion (29.1%, up 1000 basis points from previous year).

From GE Vernova T&D's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company expects continued strong growth with a 39% year-on-year revenue increase already observed in Q1 FY '25-'26.
  • Export contribution to revenues is targeted at about 30% in the long term, with export backlog currently around 30% of total backlog.
  • Pipeline growth for non-HVDC orders is expected to be in the single digits, approximately 7-8% over last year.
  • The company sees potential to grow volumes by around 15% over the next 3 years, even without large HVDC orders.
  • Execution of backlog valued at about INR130 billion supports revenue visibility for the next 3 years.
  • Demand across domestic and export markets remains strong, supported by energy transition trends globally.

2 more points from GE Vernova T&D's call on revenue

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Profitability & Margins

See what GE Vernova T&D said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • GE Vernova T&D India Limited has announced a capex of approximately INR 2.5 billion.
  • This includes INR 1.4 billion allocated for valves and controls for HVDC and STATCOM projects.
  • An additional INR 1.1 billion is planned as regular capex to debottleneck factory capacities.
  • The company continues to evaluate options for utilizing available cash of INR 8 billion for further strategic investments or capacity expansion.

2 more points from GE Vernova T&D's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1Waaree Energies Ltd
Rev 1Mar 1
2GP Eco Solutions
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • As of June 30, 2025, GE Vernova T&D India's order backlog stands at INR129.6 billion, up 2% quarter-on-quarter.
  • The backlog represents approximately 3 times the revenue of the previous year, providing visibility for the next 2-3 years.
  • About 30% of the backlog is from export orders.
  • Approximately 30-35 billion INR of the backlog is long-term with execution cycles of 3 to 5 years; the remaining INR95-100 billion has an execution timeline of 18 to 24 months.
  • Order inflows during Q1 FY 2025-26 were INR16.2 billion, a 57% year-over-year increase.

2 more points from GE Vernova T&D's call on order book

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GE Vernova T&D — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.0K Cr, net profit ₹431 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What GE Vernova T&D's management said in earlier quarters

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Frequently Asked Questions

What were GE Vernova T&D Q1 FY26 results?

The company expects continued strong growth with a 39% year-on-year revenue increase already observed in Q1 FY '25-'26. The company demonstrated strong financial performance in Q1 FY '25-'26 with 40% revenue growth and significant EBITDA margin expansion (29.1%, up 1000 basis points from previous year).

What is GE Vernova T&D share price analysis?

GE Vernova T&D currently shows a neutral. The stock trades at a P/E of 82.5 with a market cap of ₹111,382 Cr. Investors should review the full earnings analysis for detailed insights.

Is GE Vernova T&D planning capital expenditure?

GE Vernova T&D India Limited has announced a capex of approximately INR 2.5 billion.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.