GE Vernova T&D India Ltd
GE Vernova T&D India Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #19 of 56 in Electrical Equipment
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What the Q1 FY27 call signalled
2 of 3 strong
The short version
The company expects healthy growth with the current backlog providing multiyear visibility; backlog is roughly 3.5 times last fiscal year's revenue. GE Vernova T&D India Limited expects robust and meaningful revenue growth over the next few years driven by high backlog execution, especially from financial year 2029 onward due to HVDC projects.
From GE Vernova T&D India Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- The company expects healthy growth with the current backlog providing multiyear visibility; backlog is roughly 3.5 times last fiscal year's revenue.
- Financial years 2026-27 and 2027-28 will see steady growth in the core portfolio including exports.
- Significant growth from HVDC projects is anticipated starting from fiscal year 2028-29 due to back-ended execution.
- Domestic market growth is expected to be stable around 6-7% this year, with no major slowdown anticipated.
- Export orders are increasing, supported by cross-group opportunities, contributing to future revenue.
- Capacity expansions are ongoing within existing plants to support volume growth without significant land investment.
2 more points from GE Vernova T&D India Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- GE Vernova T&D India Limited has already announced a capex of INR10 billion primarily for capacity expansion within existing plants, utilizing surplus land, thus minimizing land acquisition costs and improving shareholder returns.
- Approximately INR2.5 billion has been allocated for dividends in Q2, subject to shareholder approval.
- The company holds about INR29 billion of surplus cash, with around INR16 billion remaining unutilized after announced capex and dividend plans.
- Management and Board are continuously evaluating options for optimal utilization of the remaining cash to maximize shareholder returns; no concrete additional capex decisions have been finalized yet.
2 more points from GE Vernova T&D India Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
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
- The total order backlog stands at INR 20,900 crores as of the latest update.
- Export orders constitute approximately 10%-15% of the total backlog.
- Order intake for the latest quarter was INR 11.4 billion, with about INR 5.2 billion from exports (mostly from group entities).
- Approximately INR 6.5 billion of orders came from domestic and third-party export customers.
- Pending orders include INR 1,300 crores from the U.S. data center project, not yet booked, expected in Q2 or Q3 of the financial year.
- A previously approved INR 3,000 crores related to another project is on hold; shareholder approval will be needed again once the project restarts.
2 more points from GE Vernova T&D India Ltd's call on order book
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GE Vernova T&D India Ltd — Quarterly revenue & net profit
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
- Q2 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call →
- Q2 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Q1 FY 27 Revenue: ₹7,165 lakhs, up from ₹6,041 lakhs in Q1 FY 26, representing an 18% year-on-year increase. Key investor presentation takeaways from S & S Powe
- Artemis Electri. (Q1 FY27)
Quarterly Revenue from Operations (Q1 FY2027): ₹1,975.47 Lakhs . Key investor presentation takeaways from Artemis Electricals & Projects's Q1 FY27 investor pres
- RMC Switchgears (Q1 FY27)
Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44). Key investor presentation takeaways f
- KP Green Engg. (Q1 FY27)
KPI Green Energy Q1 FY27: 27.9 Cr. Key investor presentation takeaways from KP Green Engineering Ltd's Q1 FY27 investor presentation — and how it ranks against
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were GE Vernova T&D India Ltd Q1 FY27 results?
The company expects healthy growth with the current backlog providing multiyear visibility; backlog is roughly 3.5 times last fiscal year's revenue. GE Vernova T&D India Limited expects robust and meaningful revenue growth over the next few years driven by high backlog execution, especially from financial year 2029 onward due to HVDC projects.
What is GE Vernova T&D India Ltd share price analysis?
GE Vernova T&D India Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 78.3 with a market cap of ₹105,677 Cr. Investors should review the full earnings analysis for detailed insights.
Is GE Vernova T&D India Ltd planning capital expenditure?
GE Vernova T&D India Limited has already announced a capex of INR10 billion primarily for capacity expansion within existing plants, utilizing surplus land, thus minimizing land acquisition costs and improving shareholder returns.
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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.