GVT&D GE Vernova T&D India (GVT&D) Q2 FY27 results (Jul–Sep 2026) and concall
GE Vernova T&D India had another strong quarter: revenue grew 32% YoY to INR20.3 billion, EBITDA margin was about 27.1%, and order intake rose 52% to INR24.4 billion. The INR214.4 billion backlog covers more than 3 years of revenue, and the company is L1 on the Barmer HVDC project, which it expects to book in Q3. Management kept its mid-20s EBITDA guidance and the INR70-80 billion base order target for the year, and the CFO pointed to more than 30% average revenue growth over the next 3 years. The main negatives are the lapsed INR31 billion related-party export order, still on hold by the cust
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What they filed
Q2 FY27: revenue up 31.8%, net profit up 44.1% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,074 | 1,153 | 1,330 | 1,538 | 1,701 +58% | 1,637 +42% | 1,836 +38% | 2,027 +32% |
| EBITDA | 180 | 252 | 388 | 396 | 455 +153% | 445 +77% | 461 +19% | 550 +39% |
| Net profit | 143 | 186 | 291 | 299 | 291 +103% | 352 +89% | 363 +25% | 431 +44% |
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.
