GVT&D GE Vernova T&D India (GVT&D) Q4 FY26 results (Jan–Mar 2026) and concall
GE Vernova T&D reported a strong Q4 and full year FY26, marked by robust revenue growth, significant margin expansion, and a record order backlog. The company achieved zero debt and a healthy cash position, supporting substantial capital investments for future growth. While Q4 order finalization was noted as 'dull' and HVDC revenue conversion is long-cycle, the overall outlook remains positive with a de-risked business model and strategic focus on India's energy transition.
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What they filed
Q4 FY26: revenue up 42.0%, net profit up 89.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 +39% | 1,701 +58% | 1,637 +42% |
| EBITDA | 205 | 180 | 252 | 388 | 396 +93% | 455 +153% | 445 +77% |
| Net profit | 145 | 143 | 186 | 291 | 299 +106% | 291 +103% | 352 +89% |
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.
