GVTD
GE Vernova T&D India share price & financials
- Price
- ₹4,391.8
- Market cap
- ₹1.1L Cr
Quarterly results
Q1 FY27: revenue up 38.0%, net profit up 24.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 +39% | 1,701 +58% | 1,637 +42% | 1,836 +38% |
| EBITDA | 205 | 180 | 252 | 388 | 396 +93% | 455 +153% | 445 +77% | 461 +19% |
| Net profit | 145 | 143 | 186 | 291 | 299 +106% | 291 +103% | 352 +89% | 363 +25% |
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.
Performance +64.4% 1Y
1Y: ₹2,765 on 10 Sept 2025 → ₹4,545. High ₹5,545.25 (19 Jun 2026), low ₹2,552.75 (21 Jan 2026).
Financials, as filed
Revenue grew 39.9% a year over 2 years, FY24 to FY26. Operating margin widened to 27.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹3.2k Cr | ₹4.3k Cr | ₹6.2k Cr |
| Operating profit | ₹320 Cr | ₹819 Cr | ₹1.7k Cr |
| Operating margin | 10.1% | 19.1% | 27.1% |
| Interest | ₹28 Cr | ₹15 Cr | ₹15 Cr |
| Depreciation | ₹50 Cr | ₹47 Cr | ₹47 Cr |
| Net profit | ₹180 Cr | ₹609 Cr | ₹1.2k Cr |
| Net margin | 5.7% | 14.2% | 19.9% |
| Cash from operations | ₹518 Cr | ₹904 Cr | ₹1.7k Cr |
| Free cash flow | ₹489 Cr | ₹816 Cr | ₹1.5k Cr |
| ROCE | 23.0% | 55.0% | 77.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹51 Cr | ₹51 Cr | ₹51 Cr | ₹51 Cr | ₹51 Cr | ₹51 Cr |
| Reserves | ₹1.1k Cr | ₹1.0k Cr | ₹1.0k Cr | ₹1.2k Cr | ₹2.0k Cr | ₹2.6k Cr |
| Borrowings | ₹316 Cr | ₹226 Cr | ₹273 Cr | ₹42 Cr | ₹30 Cr | ₹24 Cr |
| Other liabilities | ₹2.7k Cr | ₹2.5k Cr | ₹2.3k Cr | ₹2.3k Cr | ₹3.9k Cr | ₹5.0k Cr |
| Total liabilities | ₹4.1k Cr | ₹3.8k Cr | ₹3.7k Cr | ₹3.6k Cr | ₹6.1k Cr | ₹7.7k Cr |
| Fixed assets | ₹494 Cr | ₹457 Cr | ₹421 Cr | ₹401 Cr | ₹395 Cr | ₹412 Cr |
| Capital work in progress | ₹22 Cr | ₹9 Cr | ₹9 Cr | ₹11 Cr | ₹42 Cr | ₹65 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹3.6k Cr | ₹3.3k Cr | ₹3.3k Cr | ₹3.2k Cr | ₹5.6k Cr | ₹7.3k Cr |
| Total assets | ₹4.1k Cr | ₹3.8k Cr | ₹3.7k Cr | ₹3.6k Cr | ₹6.1k Cr | ₹7.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +8.40 pp while DIIs trimmed −8.29 pp. The shareholder count grew 52% to 1,38,122.
- Promoters
- 51.0%
- FIIs
- 22.9%
- DIIs
- 18.5%
- Public
- 7.7%
Since Jun 2025
- FIIs +8.40 pp
- DIIs −8.29 pp
- Public −0.09 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 51.0% — −24.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.6%, DIIs 16.2%, Public 8.2%.Dec '23: Promoters 75.0%, FIIs 0.7%, DIIs 16.1%, Public 8.2%.Mar '24: Promoters 75.0%, FIIs 1.2%, DIIs 15.8%, Public 8.0%.Jun '24: Promoters 75.0%, FIIs 2.0%, DIIs 15.0%, Public 8.0%.Sep '24: Promoters 59.4%, FIIs 6.8%, DIIs 25.6%, Public 8.2%.Dec '24: Promoters 51.0%, FIIs 12.0%, DIIs 28.4%, Public 8.6%.Mar '25: Promoters 51.0%, FIIs 13.0%, DIIs 28.2%, Public 7.8%.Jun '25: Promoters 51.0%, FIIs 14.5%, DIIs 26.8%, Public 7.7%.Sep '25: Promoters 51.0%, FIIs 16.1%, DIIs 25.2%, Public 7.7%.Dec '25: Promoters 51.0%, FIIs 18.5%, DIIs 23.3%, Public 7.3%.Mar '26: Promoters 51.0%, FIIs 20.4%, DIIs 21.4%, Public 7.2%.Jun '26: Promoters 51.0%, FIIs 22.9%, DIIs 18.5%, Public 7.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- SBI Life Insurance Co. Ltd Insurer newly disclosed 1.06% held
- GE Vernova Electrical Equipment (Wuhan) Co., Ltd newly disclosed 0.00% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GE Vernova T&D India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Grid Equipments Private Limited | 50.70% | unchanged |
| Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Mutual fund | 2.97% | −1.17 pp |
| Kotak Midcap Fund Mutual fund | 2.45% | −1.83 pp |
| HSBC Mutual Fund - HSBC Midcap Fund Mutual fund | 1.81% | −0.24 pp |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund Mutual fund | 1.75% | −0.15 pp |
| SBI Life Insurance Co. Ltd Insurer | 1.06% | newly disclosed |
| GE Grid Alliance B.V. | 0.30% | unchanged |
| Grid Solutions Uruguay S.A. | 0.00% | unchanged |
| Grid Solutions Enerji Endustrisi A.S. | 0.00% | unchanged |
| GE Grid (Switzerland) GmbH | 0.00% | unchanged |
| Ge Grid Solutions, S.A. | 0.00% | unchanged |
| GE Grid Solutions Pte. Ltd. | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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