GE Vernova T&D India Limited (NSE:GVT&D), reported on July 29, 2025 its unaudited financial results for the first quarter ended June 30, 2025.
For the first quarter (April 1, 2025 – June 30, 2025)
- Revenue was INR 13.3 billion, against INR 9.6 billion in Quarter Ended June 2024, up 39% YoY
- EBITDA was at INR 3,876 million (29.1%), against INR 1,822 million (19.0%) in Quarter Ended June 2024
- Profit After Tax was at INR 2,912 million (21.9%), against INR 1,345 million (14.0%) in Quarter Ended June 2024
- Order bookings were INR 16.2 billion, against INR 10.3 billion in Quarter Ended June 2024, up 57% YoY
Key Wins in Q1, Financial Year 2025-26
- Secured multiple orders from private TBCB developers for supply of 765 kV transformers and reactors in the states of Rajasthan and Gujarat.
- Secured order for supply of 420 kV GIS from Bharat Heavy Electricals Ltd in the state of Madhya Pradesh.
- Secured order for supply of 420/245 kV GIS from a private EPC player in the state of Maharashtra.
- Secured multiple orders for supply of 765 kV AIS equipment and grid automation packages from EPC players.
- Secured multiple orders for export of AIS/GIS equipment to Europe, South-East Asia, Middle East and Africa.
Operational Highlights of Q1, Financial Year 2025-26
- Successfully commissioned 765 kV AIS and 400 kV GIS bay and added 500 MVA Transformation capacity for PGCIL in Kotra.
- Successfully commissioned 765 kV GIS bays and added 1500 MVA ICT and 330 MVAR reactor for Adani at Khavda.
- Successfully commissioned ~2,700 MVA at various sites such as Doosan Jawaharpur, PGCIL Khavda, Aditya Aluminum Lapanga, West Bengal State Electricity Transmission Company Purulia site and Indigrid Kadarpur site.
Sandeep Zanzaria, Managing Director & CEO of GE Vernova T&D India Limited, said, “We delivered a strong and productive first quarter of FY 2025-26, driven by continued momentum as India modernizes its grid to improve reliability, accommodate renewable energy sources, and meet increasing electricity demands from various sectors. We have been disciplined in taking profitable orders with better margins and expect to continue on this trajectory. To ensure we maximize long-term shareholder value, the company consolidated its position on free cashflow.”
About GE Vernova T&D India
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, GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, and a wide range of products including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. With five manufacturing sites, GE Vernova T&D India is future ready to meet the industry’s growing demand for grid equipment and services.
