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Informist, Thursday, Aug. 6, 2026

 

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--GE Vernova T&D Apr-Jun net profit INR 3.63 bln 
--Analysts saw GE Vernova T&D Apr-Jun net profit at INR 3.42 bln 
--GE Vernova T&D Apr-Jun revenue INR 18.36 bln 
--Analysts saw GE Vernova T&D Apr-Jun revenue at INR 17.60 bln 
--GE Vernova T&D Apr-Jun net profit INR 3.63 bln vs INR 2.91 bln year ago 
--GE Vernova T&D Apr-Jun revenue INR 18.36 bln vs INR 13.30 bln year ago 
--GE Vernova T&D Apr-Jun EBITDA INR 4.6 bln vs INR 3.9 bln yr ago 

 

By Astha Oriel 

 

NEW DELHI – GE Vernova T&D India Ltd. reported an on-year rise in its standalone bottom line for the June quarter, despite total expenses, especially the cost of raw materials consumed, rising at a faster pace than the top line. A sharp year-on-year rise in other income supported the on-year rise in net profit.

 

This was the slowest year-on-year rise in net profit in nine consecutive quarters. The on-year rise in revenue from operations grew for 11 consecutive quarters, but the pace of growth was the slowest over the last five trailing quarters. The company's net profit and revenue beat analysts' estimates by a comfortable margin. 

 

The company's net profit rose nearly 25% on year and over 3% on quarter to INR 3.63 billion, higher than the analysts' estimates of INR 3.42 billion. The revenue from operations grew over 38% on year and more than 12% sequentially to INR 18.36 billion. Analysts had pegged the revenue from operations at INR 17.60 billion. 

 

The company's other income grew nearly 157% on year and almost 13% on quarter to INR 418 million, lending support to the total income. The total expenses grew over 45% on year to INR 13.91 billion, the highest in 11 quarters. Of this, the cost of materials consumed grew over 51% on year to INR 10.90 billion, the highest in the past 11 straight quarters, when it posted an on-year growth. The other expenses surged nearly 17% on year to INR 1.86 billion, and expenses related to employee benefits grew nearly 16% on year to INR 1.12 billion. The expenses related to depreciation and amortisation grew over 8% on year to INR 121 million. The company incurred an income tax expense of INR 1.24 billion, up nearly 26% on year. 

 

The company's earnings before interest, tax, depreciation, and amortisation were INR 4.6 billion as against INR 3.9 billion in the year-ago quarter. The order bookings for the quarter fell 30% on year to INR 11.4 billion as against INR 16.2 billion in the year-ago quarter. 

 

Wednesday, shares of the company closed 1.8% higher at INR 4,410 on the National Stock Exchange. End

 

Edited by Himanshi Gupta

 

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