GVT&D GE Vernova T&D India (GVT&D) Q2 FY26 results (Jul–Sep 2025) and concall
GE Vernova T&D delivered a strong Q2 FY26, marked by robust revenue growth of 39% and significant EBITDA margin expansion to 25.8%. Profit Before Tax more than doubled, supported by strong execution and improved pricing. While bookings were lower YoY due to a high base, the order backlog remains healthy, providing strong revenue visibility. The company also announced an additional ₹8 billion in capex to expand manufacturing capabilities, funded by internal accruals.
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What they filed
Q2 FY26: revenue up 38.8%, net profit up 106.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 +39% |
| EBITDA | 205 | 180 | 252 | 388 | 396 +93% |
| Net profit | 145 | 143 | 186 | 291 | 299 +106% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
