GE Vernova T&D India Q4FY26 Revenue Up 42% to ₹16.4 Bn; FY26 PAT Jumps 103% to ₹12.3 Bn
GE Vernova T&D India reported Q4 FY26 revenue of ₹16.4 billion (up 42% YoY) and FY26 revenue of ₹62.1 billion (up 45% YoY). FY26 PAT surged 103% to ₹12.3 billion. Order bookings for FY26 increased 37% to ₹147.8 billion. The company secured significant orders and commissioned several projects. The Board recommended a dividend of ₹10 per share and approved ₹550 million capex.
The announcement details substantial financial growth, significant new orders, and strategic investments, which are material events for shareholders and the market. The strong performance and future outlook are likely to have a significant impact on the company's valuation and investor sentiment.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax for both the quarter and the full year. Significant order bookings and successful project commissions indicate robust business performance and future growth prospects. The recommended dividend and capital expenditure also point towards positive financial health and expansion plans.
GE Vernova T&D India Limited announced its audited financial results for the fourth quarter and full year ended March 31, 2026, on May 18, 2026.
For the fourth quarter, revenue stood at ₹16.4 billion, a 42% year-on-year increase from ₹11.5 billion in the same period last year. EBITDA grew by 77% to ₹4.4 billion (27.2% margin) from ₹2.5 billion (21.9% margin) in Q4 FY25. Profit After Tax (PAT) surged by 89% to ₹3.5 billion (21.5% margin) from ₹1.9 billion (16.2% margin) in Q4 FY25. Order bookings saw a significant jump of 188% year-on-year, reaching ₹86.1 billion compared to ₹29.9 billion in Q4 FY25.
For the full year (FY26), revenue increased by 45% to ₹62.1 billion from ₹42.9 billion in FY25. EBITDA more than doubled, rising by 106% to ₹16.8 billion (27.1% margin) from ₹8.2 billion (19.1% margin) in FY25. PAT also more than doubled, up 103% to ₹12.3 billion (19.9% margin) from ₹6.1 billion (14.2% margin) in FY25. Full-year order bookings grew by 37% to ₹147.8 billion from ₹107.8 billion in FY25.
The company secured several significant orders, including an HVDC VSC terminal station for Adani Energy Solutions Ltd., refurbishment of a PGCIL HVDC station, and orders for transformers and reactors for renewable energy evacuation from PGCIL and a private developer. They also secured export orders for AIS/GIS equipment and domestic orders for grid automation packages. Several projects were successfully commissioned across various states, including substations and switchyards for entities like Renew, PGCIL, NTPC, and HPPTCL, as well as SCADA systems for Damodar Valley Corporation.
The Board of Directors approved an investment of ₹550 million for new capacity for disconnectors and drives for 362 kV Dead Tank Circuit Breakers at a new facility in Vallam, Tamil Nadu. Additionally, the Board recommended a dividend of ₹10 per equity share for FY26, subject to shareholder approval.
Sandeep Zanzaria, Managing Director & CEO, highlighted a stellar year with record order bookings and strong execution. He noted significant capital investments exceeding ₹10 billion across multiple product lines and facilities to support future growth, with a focus on SQDC (Safety, Quality, Delivery, and Cost) and India's energy transition.
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