GE Vernova T&D India Limited (NSE: GVT&D) has reported a 44% year-on-year (YoY) increase in Profit After Tax (PAT) to INR 4.3 billion for the second quarter of FY 2026-27, ended September 30, 2026. The company also recorded a 32% rise in revenue to INR 20.3 billion, compared with INR 15.4 billion in the corresponding quarter of the previous financial year.
The company’s EBITDA increased by 39% YoY to INR 5.5 billion during the quarter, against INR 4.0 billion in the corresponding period last year. EBITDA margin also improved to 27.1%, compared with 25.8% in the second quarter of FY 2025-26. Profit After Tax margin stood at 21.3%, up from 19.5% in the year-ago quarter.
GE Vernova T&D India recorded order bookings of INR 24.4 billion during the second quarter, registering a 52% increase compared with INR 16.1 billion in the corresponding quarter of the previous financial year.
During the quarter, the company secured an order for the supply of 400 kV generator transformers and a 420 kV Gas-Insulated Switchgear (GIS) package for a major 1,500 MW pumped storage hydropower project in Maharashtra.
It also received an order for the supply of 800 kV and 420 kV GIS packages for a transmission project in Andhra Pradesh. Additionally, the company secured an order for 400 kV reactors and a 420/220 kV GIS package for a Tariff-Based Competitive Bidding (TBCB) transmission project in Himachal Pradesh.
Another significant order included the supply of 765 kV shunt reactors, rated at 110 MVAR and 80 MVAR, for a TBCB transmission project in Andhra Pradesh.
The company also secured multiple export orders for Air-Insulated Switchgear (AIS) and GIS equipment across North America, Europe, the Middle East and Africa. Further orders were received for Grid Automation packages from state utilities and Engineering, Procurement and Construction (EPC) companies for transmission and data centre projects.
On the execution front, GE Vernova T&D India successfully commissioned 400 kV GIS bays along with a power transformer at the Nepal Electricity Authority’s Barhabise site during the second quarter.
The company also commissioned 400 kV GIS and 220 kV AIS bays for Gujarat Energy Transmission Corporation Limited (GETCO) at Babarzar in Gujarat.
Further commissioning activities included 765 kV Interconnecting Transformers (ICTs) and shunt reactors at Power Grid Corporation of India’s Dausa, Khavda and Bidar sites. The company also successfully commissioned a 765 kV generator transformer at the Neyveli Uttar Pradesh Power Limited (NUPPL) Ghatampur site.
In another operational development, GE Vernova T&D India commissioned a Supervisory Control and Data Acquisition (SCADA)-supported Advanced Distribution Control Centre for the Western Province of the Ceylon Electricity Board.
Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited, said, “We had another quarter of significant orders and revenue growth as well as EBITDA margin expansion. We’re seeing strong momentum backed by solid execution across our project portfolio. As India pushes forward on its renewable energy goals, we’re well-positioned to grow alongside that demand and we’re excited about what’s ahead.”
