GE Vernova T&D India Ltd Q1 FY26 Earnings Results – Revenue Up 39%, Net Profit More Than Doubles YoY

GE Vernova T&D India Ltd is the listed entity of GE’s Grid Solutions business in India, with over a century of experience in the power transmission and distribution sector. The company offers a versatile range of solutions for connecting and evacuating power from generation sources onto the grid, playing a crucial role in India’s power infrastructure ecosystem.

Q1 FY26 Earnings Summary (Apr–Jun 2025)

• Revenue: ₹1,330 crore, up 38.83% year-on-year (YoY) from ₹958 crore in Q1 FY25.
• Total Expenses: ₹957 crore, up 21.14% YoY from ₹790 crore.
• Consolidated Net Profit (PAT): ₹291 crore, up 115.56% from ₹135 crore in the same quarter last year.
• Earnings Per Share (EPS): ₹11.37, up 116.57% from ₹5.25 YoY.

Operational & Strategic Update

• Strong Revenue Growth: Substantial increase fueled by increased demand for power transmission and distribution equipment driven by grid expansion and upgrade projects across India.
• Expense Management: Expenses rose moderately but at a lower pace than revenue, enabling significant margin improvement.
• Profitability Surge: Net profit and EPS more than doubled year-on-year, reflecting operational leverage, improved cost efficiencies, and higher value project execution.
• Product & Market Focus: GE Vernova T&D continues to strengthen its position in providing advanced grid solutions including transformers, switchgear, and automation systems aligned with smart grid initiatives.
• Strategic Initiatives: Investment in technology innovation, digital solutions, and customer-centric services underpin growth and competitive edge.
• Sustainability & Future Readiness: Commitment to enabling cleaner, more reliable power transmission supports India’s energy transition goals.

Corporate Developments

Q1 FY26 marks a milestone quarter for GE Vernova T&D India Ltd with robust top-line growth and a spectacular jump in profits. The company’s deep domain expertise and strong order book position it well to capitalize on the ongoing infrastructure modernization in India’s power sector.

Looking Ahead

GE Vernova T&D India Ltd is poised for sustained growth through continued investments in product innovation, operational excellence, and strategic partnerships. As India ramps up power infrastructure and integrates renewable energy, the company’s comprehensive solutions will remain critical to the nation’s energy security and sustainability agenda in FY26 and beyond.