GVT&D GE Vernova T&D India (GVT&D) Q3 FY26 results (Oct–Dec 2025) and concall
GE Vernova T&D reported a robust Q3 FY26, with revenue growing 58% YoY to INR17 billion and bookings increasing 41% YoY to INR29.4 billion. The order backlog expanded 10% QoQ to INR143.8 billion, driven by strong domestic demand and HVDC projects. Profitability remained strong with a 26.7% EBITDA margin, and PBT grew over 2.4x YoY to INR4.6 billion. The company also maintained a healthy cash balance of INR15.9 billion despite a provision for retiral benefits and a delayed export order.
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What they filed
Q3 FY26: revenue up 58.4%, net profit up 103.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 +39% | 1,701 +58% |
| EBITDA | 205 | 180 | 252 | 388 | 396 +93% | 455 +153% |
| Net profit | 145 | 143 | 186 | 291 | 299 +106% | 291 +103% |
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.
