GE Vernova T&D Q2 FY26 Earnings Results

GE Vernova T&D India Ltd, a leader in power transmission and distribution solutions, reported a strong Q2 FY26 financial performance with notable profit growth.

Financial Highlights:

• Revenues increased 38.81% year on year to ₹1,538 crore from ₹1,108 crore.
• Total expenses rose 25.93% to ₹1,156 crore from ₹918 crore.
• Consolidated net profit surged 106.21% to ₹299 crore from ₹145 crore.
• Earnings per share (EPS) jumped 107.08% to ₹11.70 from ₹5.65.

Key Drivers:

• EBITDA nearly doubled to ₹396 crore, with operating margins expanding to 26% from 18.5% in the previous year.
• Improved execution, better product mix, and cost efficiencies contributed to margin expansion.
• The company’s board approved an ₹806 crore investment for capacity expansion at Vadodara, Hosur, and Padappai facilities, aiming to increase transformer and reactor capacity by over 50%.
• New manufacturing lines for air core reactors and bushings will be established, supporting future demand.
• Greater capacity is targeted to meet rising domestic and export demand amid India’s energy transition.

Outlook:

GE Vernova T&D anticipates maintaining robust growth with enhanced capacity and new product introductions amid accelerating infrastructure development and energy transition.

The strong quarter reflects solid operational momentum and strategic investments positioning the company well for future expansion.

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