GE Vernova T&D Q1 PAT Jumps 116% to Rs 2.91 Billion

30 Jul 2025 CW Team

GE Vernova T&D India Limited reported its unaudited financial results for the quarter ended 30 June 2025, showcasing robust growth across all key financial metrics.

Revenue for the quarter stood at Rs 13.3 billion, marking a 39 per cent year-on-year increase from Rs 9.6 billion in the same period last year. EBITDA rose sharply to Rs 3.88 billion, up from Rs 1.82 billion, improving margins from 19.0 per cent to 29.1 per cent. Profit after tax surged by 116 per cent to Rs 2.91 billion, compared to Rs 1.35 billion in Q1 FY25.

Order bookings for the quarter reached Rs 16.2 billion, reflecting a 57 per cent year-on-year growth. Key wins included multiple orders from private TBCB developers for 765 kV transformers and reactors in Rajasthan and Gujarat, a 420 kV GIS order from Bharat Heavy Electricals Ltd in Madhya Pradesh, and export contracts for AIS/GIS equipment across Europe, South-East Asia, the Middle East, and Africa.

Operational highlights included the successful commissioning of 765 kV AIS and 400 kV GIS bays, and the addition of 500 MVA transformation capacity for PGCIL in Kotra. The company also commissioned significant capacity for Adani in Khavda and delivered approximately 2,700 MVA at various national sites including Doosan Jawaharpur and Aditya Aluminum Lapanga.

Sandeep Zanzaria, Managing Director & CEO, commented, “This strong start to FY26 reflects the ongoing modernisation of India’s power grid and rising demand for reliable, renewable-ready infrastructure. Our disciplined approach to profitable order selection and operational excellence continues to drive value for our shareholders.”

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