GE Vernova T&D India Q2 FY27 Revenue Jumps 32% YoY to ₹2,030 Crore
GE Vernova T&D India reported a 32% YoY increase in Q2 FY27 revenue to ₹2,030 crore. EBITDA rose 39% to ₹550 crore, and PAT grew 44% to ₹430 crore. Order bookings surged 52% to ₹2,440 crore. Key wins include transformers and GIS packages for major projects.
Significant percentage increases in key financial metrics (revenue, profit, orders) and substantial project wins indicate a material positive impact on the company's performance and outlook.
The company reported strong year-over-year growth in revenue, EBITDA, profit after tax, and order bookings, along with positive commentary from the CEO about momentum and future positioning.
GE Vernova T&D India Limited announced its financial results for the second quarter ended September 30, 2026. The company reported a significant year-over-year increase in revenue, which grew by 32% to ₹2,030 crore (INR 20.3 billion) from ₹1,540 crore (INR 15.4 billion) in the same period last year.
EBITDA for the quarter stood at ₹550 crore (INR 5.5 billion), a 39% increase from ₹400 crore (INR 4.0 billion) in Q2 FY26, with the EBITDA margin expanding to 27.1% from 25.8%. Profit After Tax (PAT) also saw a substantial rise of 44%, reaching ₹430 crore (INR 4.3 billion) compared to ₹300 crore (INR 3.0 billion) in the prior year's second quarter. The PAT margin improved to 21.3% from 19.5%.
Order bookings demonstrated strong growth, increasing by 52% to ₹2,440 crore (INR 24.4 billion) from ₹1,610 crore (INR 16.1 billion) in the corresponding quarter of FY26. Key wins during the quarter included orders for 400 kV Generator Transformers and GIS packages for a major pumped storage hydro project in Maharashtra, 800 kV and 420 kV GIS packages for a transmission project in Andhra Pradesh, 400 kV Reactors and GIS package for a TBCB transmission project in Himachal Pradesh, and 765 kV shunt reactors for a TBCB transmission project in Andhra Pradesh. The company also secured multiple export orders for AIS/GIS equipment to North America, Europe, Middle East, and Africa, along with grid automation packages from state utilities and EPCs.
Operational highlights included the successful commissioning of 400 kV GIS bays and power transformers in Nepal, 400 kV GIS and 220 kV AIS bays in Gujarat, 765 kV ICTs and shunt reactors at various Powergrid sites, and a 765 kV Generator Transformer in Uttar Pradesh. Additionally, a SCADA Supported Advanced Distribution Control Center was commissioned for the Western Province of Ceylon Electricity Board.
Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited, commented, "We had another quarter of significant orders and revenue growth as well as EBITDA margin expansion. We're seeing strong momentum backed by solid execution across our project portfolio. As India pushes forward on its renewable energy goals, we're well-positioned to grow alongside that demand and we're excited about what's ahead."
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