Company Disclosure: Q2 FY2026-27 Results Announcement
Financial Performance (Q2 FY2026-27)
Period: July 1, 2026 – September 30, 2026
Revenue: INR 20.3 billion, representing a 32% year-over-year increase compared to INR 15.4 billion in Q2 FY2025-26.
EBITDA: INR 5.5 billion with a margin of 27.1%, compared to INR 4.0 billion (25.8% margin) in Q2 FY2025-26, representing a 39% year-over-year increase.
Profit After Tax (PAT): INR 4.3 billion with a margin of 21.3%, compared to INR 3.0 billion (19.5% margin) in Q2 FY2025-26, representing a 44% year-over-year increase.
Order Bookings: INR 24.4 billion, representing a 52% year-over-year increase compared to INR 16.1 billion in Q2 FY2025-26.
Key Order Wins (Q2 FY2026-27)
- 400 kV Generator Transformers and 420 kV GIS package for a 1,500 MW pumped storage hydro project in Maharashtra
- 800 kV and 420 kV GIS packages for a transmission project in Andhra Pradesh
- 400 kV Reactors and 420/220 kV GIS package for a TBCB transmission project in Himachal Pradesh
- 765 kV shunt reactors (110 MVAR & 80 MVAR) for a TBCB transmission project in Andhra Pradesh
- Multiple export orders for AIS/GIS equipment to North America, Europe, Middle East and Africa
- Multiple Grid Automation packages for state utilities and EPCs for transmission and data center projects
Operational Highlights (Q2 FY2026-27)
- Commissioned 400 kV GIS bays with power transformer for NEA Barhabise Site in Nepal
- Commissioned 400 kV GIS and 220 kV AIS bays for GETCO at Babarzar in Gujarat
- Commissioned 765 kV ICTs and shunt reactors at Powergrid Dausa, Khavda, and Bidar sites
- Commissioned 765 kV Generator Transformer at NUPPL (Neyveli Uttar Pradesh Power Limited) Ghatampur site
- Commissioned SCADA Supported Advanced Distribution Control Center for Western Province of Ceylon Electricity Board
Management Commentary
Sandeep Zanzaria, Managing Director & CEO, stated: "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."
Company Background
GE Vernova T&D India Ltd is the listed entity of GE Vernova's Electrification segment in India with over 100 years of presence in the country. The company provides power transmission and distribution solutions including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. The company operates five manufacturing sites in India.