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India
As of 18 Sept 2026, 03:30 pm
For Q1 FY2026, GE Vernova T&D India reported an order backlog of ₹209.3 billion, revenue of ₹18.4 billion, profit before tax of ₹4.9 billion, and an EBITDA margin of 27.1%. The company has outlined a capital expenditure plan of approximately ₹10.1 billion to be invested in phases through December 2028. Additionally, there is a planned capex of ₹1.4 billion by early 2027 and ₹0.6 billion by December 2026.
At the Annual General Meeting on September 9, 2026, shareholders approved 11 resolutions. These included the declaration of a final dividend of ₹10 per share for the financial year ended March 31, 2026, the appointment of Mr. Sushil Kumar as a director, and the re-appointment of statutory auditors Deloitte Haskins & Sells. Approvals were also granted for material related party transactions with LM Wind Power Blades (India) Private Limited and GE Vernova Inc., and for an increase in lending limits.
GE Vernova T&D India's stock has shown varied returns across different periods, with a 1-year return of 0.47 and a Year-to-Date return of 0.39. The stock closed at ₹4385.0 on September 18, 2026. Key technical levels indicate resistance around ₹4401.53 (0.38% higher) and support near ₹4333.77 (1.17% lower). The daily trend is currently indicated as bullish, with the Supertrend indicator at ₹4216.96. The monthly trend also shows a bullish Supertrend at ₹3116.75, though the ADX of 61.45 suggests strong momentum.
GE Vernova T&D India, along with other power capital expenditure stocks like CG Power and Hitachi Energy, experienced a decline of up to 16% over two days. This movement occurred amid growing caution related to Artificial Intelligence (AI) development. These stocks had previously seen significant rallies in 2026, driven by expectations of increased power demand from India's data center expansion.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹1,836.14 crore | ₹1,637.08 crore | ₹1,700.64 crore | ₹1,538.46 crore | ₹1,330.13 crore |
| Finance Costs | ₹3.42 crore | PEAK₹6.98 crore | ₹2.81 crore | ₹2.21 crore | ₹2.75 crore |
| Other Expenses | ₹185.97 crore | PEAK₹205.64 crore | ₹157.67 crore | ₹155.90 crore | ₹159.34 crore |
| Profit Before Tax | PEAK₹487.13 crore | ₹468.73 crore | ₹389.71 crore | ₹401.27 crore | ₹390.01 crore |
| Tax Expense | PEAK₹124.14 crore | ₹116.96 crore | ₹98.91 crore | ₹101.79 crore | ₹98.81 crore |
| Profit Loss For Period | PEAK₹362.99 crore | ₹351.77 crore | ₹290.80 crore | ₹299.48 crore | ₹291.20 crore |
In the first quarter of FY2026-27, GE Vernova T&D India’s revenue increased 38% year-on-year. Net profit also grew but at a slower pace, leading the net profit margin to narrow from 21.9% to 19.8%. Other comprehensive income swung sharply into positive territory after several quarters of losses.
Revenue from operations was ₹1,836.14 crore, up 38.04% from ₹1,330.13 crore in Q1 FY2025-26 and 12.16% higher than ₹1,637.08 crore in Q4 FY2025-26. This is the highest quarterly revenue in the five‑quarter sequence examined. Revenue has risen in four of the last five quarters, with only the immediately preceding quarter recording a modest decline.
Other comprehensive income (OCI) turned positive for the first time in the observed five‑quarter period. It moved from a loss of ₹26.87 crore in Q4 FY2025-26 to a gain of ₹51.34 crore this quarter. The shift was driven principally by the component that will be reclassified to profit and loss, which swung from a loss of ₹35.59 crore to a gain of ₹68.61 crore.
Basic and diluted earnings per share both rose to ₹14.18, compared with ₹13.74 in the prior quarter (up 3.2%) and ₹11.37 a year earlier (up 24.71%).
Exchange disclosures and regulatory announcements for GE Vernova T&D India.
GE Vernova T&D India Limited filed an investor presentation for meetings scheduled from September 21-23, 2026, in Mumbai. The presentation outlines a capital expenditure of approximately ₹10.1 billion in a phased manner up to December 2028, with an additional ₹1.4 billion capex up to early 2027 and ₹0.6 billion up to December 2026. It reports a Q1 FY2026 order backlog of ₹209.3 billion, revenue of ₹18.4 billion, profit before tax of ₹4.9 billion, and an EBITDA margin of 27.1%. A proposed dividend of ₹2.6 billion for FY2025-26 is to be paid in September 2026.
GE Vernova T&D India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
GE Vernova T&D India Limited has scheduled an earnings call on August 7, 2026, at 4:00 PM (virtual mode) to discuss the company's financial results for the quarter ended June 30, 2026 (Q1 results). The call is open to analysts and institutional investors, with dial-in numbers provided and contact person Megha Gupta (megha.gupta@gevernova.com).
GE Vernova T&D India Limited held its 70th Annual General Meeting on September 9, 2026, where shareholders approved 11 resolutions including the declaration of a final dividend of Rs. 10 per share for the financial year ended March 31, 2026. The meeting resulted in the appointment of Mr. Sushil Kumar as a director and Non-Executive Director Marco Simiano, alongside the re-appointment of statutory auditors Deloitte Haskins & Sells. Additionally, the company secured approval for material related party transactions with LM Wind Power Blades (India) Private Limited and GE Vernova Inc., and authorized an increase in lending limits under Section 186 of the Companies Act, 2013.
GE Vernova T&D India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 09, 2026 |SUBJECT: Shareholders meeting
GE Vernova T&D India Limited held its 70th Annual General Meeting on September 9, 2026, where shareholders approved a dividend of ₹10 per equity share for the financial year ended March 31, 2026. The meeting also ratified the appointment of Mr. Sushil Kumar as a director and re-appointed him as a Whole-time Director effective January 1, 2027, while appointing Mr. Marco Simiano as a Non-Executive and Non-Independent Director. Additionally, M/s Deloitte Haskins & Sells were re-appointed as statutory auditors for five years until 2031, and approvals were granted for material related party transactions with LM Wind Power Blades (India) Private Limited and GE Vernova Inc.
On September 7, 2026, GE Vernova T&D India Limited was notified by Power Grid Corporation of India Limited as the L1 bidder for a domestic contract to design, supply, and execute a 6000 MW, ±800 kV HVDC LCC Terminal Station connecting Barmer II to South Kalamb. The project involves establishing two 3000 MW units for renewable power evacuation and is scheduled for execution over multiple years. No related party transactions or promoter interests were disclosed regarding this order.
On September 7, 2026, GE Vernova T&D India Limited was notified by Power Grid Corporation of India Limited (PGCIL) as the L1 bidder for the design and establishment of a 6000 MW, ±800 kV HVDC LCC Terminal Station to evacuate renewable power from Barmer II to South Kalamb. The contract involves supply and execution over multiple years, with specific financial terms kept confidential under an existing MOU, resulting in a reported value of zero in the filing.
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GE Vernova TD India, Motilal Oswal, Recommendations, Buy
Comprehensive Section Breakdown for GE Vernova T&D India
Strategic Vision: Power transmission and distribution solutions for India's electrical grid.
Category: Manufacturing
Offers products like power transformers, circuit breakers, and gas-insulated switchgears, alongside services including digital software, turnkey solutions, FACTS, and HVDC systems.
• Significant operational footprint with five manufacturing sites in India.
• Extensive product and service offerings across the power supply chain.
• Focus on introducing green and digital solutions for grid enhancement.
Profit before tax (PBT) was ₹487.13 crore, including other income of ₹41.84 crore. That compares with ₹468.73 crore in the prior quarter (a 3.93% sequential gain) and ₹390.01 crore in the year‑ago quarter (a 24.9% rise).
Net profit for the period stood at ₹362.99 crore, up 3.19% from ₹351.77 crore in Q4 FY2025-26 and 24.65% from ₹291.20 crore in Q1 FY2025-26.
Because net profit grew more slowly than revenue, the net profit margin contracted. In Q1 FY2025-26, the margin was 21.9%; this quarter it fell to 19.8%.
The largest expense in the current quarter was cost of materials consumed at ₹1,089.77 crore. Other expenses totalled ₹185.97 crore, employee benefit expense was ₹112.34 crore, depreciation and amortisation stood at ₹12.08 crore, and finance costs were ₹3.42 crore.
Other expenses declined 9.57% from ₹205.64 crore in the prior quarter but rose 16.71% from ₹159.34 crore in the year‑ago period. Finance costs fell 51% from ₹6.98 crore in Q4 FY2025-26, while remaining 24.36% above the ₹2.75 crore recorded in Q1 FY2025-26.
GE Vernova T&D India recorded strong revenue growth in Q1 FY2026-27, with the top line climbing 38% year-on-year. Net profit also advanced, but the gain of 24.65% lagged the revenue increase, causing the net profit margin to narrow to 19.8%. Other expenses and finance costs were higher than a year ago but lower than the preceding quarter. A notable swing in other comprehensive income from a loss to a gain further added to the quarter’s overall comprehensive result. The quarter highlights continued sales momentum, while the margin contraction signals that profit growth did not keep pace with the expansion in revenue.
Core Thesis: The Grid Solutions business segment delivers technologies and services for electrical grids globally, with an emphasis on transmission solutions.
• Green and Digital Solutions: Focuses on introducing green and digital solutions to enhance the intelligence, resilience, and environmental friendliness of the electrical grid. • Comprehensive Product and Service Offering: Provides a range of products including transformers and switchgears, complemented by services like digital software, turnkey solutions, and maintenance support. • Operational Footprint: Maintains a significant operational footprint with five manufacturing sites and a large workforce in India.