Shares of GE Vernova T&D India surged 7.89% to Rs 4,730 in Wednesday’s trading session after the company delivered a blockbuster Q4 performance, driven by sharp growth in profit, revenue, and order inflows.
The power transmission and distribution major reported an 89% year-on-year jump in net profit to Rs 352 crore for the March quarter, compared to Rs 186 crore in the same period last year. Revenue soared 42% YoY to Rs 1,640 crore, while EBITDA climbed 77% to Rs 440 crore, highlighting strong operational momentum.
A key highlight was the company’s robust order pipeline. Q4 order bookings skyrocketed 188% YoY to Rs 8,610 crore, signalling strong demand visibility and strengthening investor confidence in the company’s long-term growth trajectory.
For the full year FY26, the company posted equally impressive numbers. Revenue rose 45% YoY to Rs 6,210 crore, while EBITDA more than doubled to Rs 1,680 crore from Rs 820 crore a year ago. Profit after tax surged 103% YoY to Rs 1,230 crore, underscoring strong execution and margin expansion. Annual order bookings also remained healthy at Rs 14,780 crore, up 37% YoY.
The Board of Directors of the company has approved an investment of Rs 550 million towards creating new capacity for disconnectors and drives for 362 kV Dead Tank Circuit Breakers. The capacity will be established at a new facility located in Vallam, Tamil Nadu. The Board of Directors also recommended a dividend of Rs 10 per equity share for the financial year 2025-26, subject to shareholders’ approval.
Commenting on the performance, Sandeep Zanzaria said the company delivered a “stellar year” marked by record order wins and strong execution. He added that GE Vernova T&D India has initiated capital investments exceeding Rs 10 billion across multiple product lines and facilities to support the next phase of growth and India’s energy transition ambitions.
FY26 Order Wins Power Growth
- Won a major order from Adani Energy Solutions to supply HVDC VSC terminal stations for the 2.5 GW Khavda–South Olpad renewable energy transmission corridor.
- Secured a refurbishment contract from Power Grid Corporation of India for the 2x500 MW Chandrapur HVDC Back-to-Back Station.
- Bagged multiple orders from PGCIL and private developers for 765kV transformers, reactors, GIS/AIS equipment, and grid automation projects linked to renewable energy evacuation in Gujarat and across India.
- Expanded global footprint with export orders for AIS/GIS equipment across Europe, the Middle East, and Africa.
The stock has been a standout performer on Dalal Street, rallying nearly 138% over the past year. The company currently commands a market capitalisation of around Rs 1.13 lakh crore, with its 52-week high standing at Rs 4,849.
On the valuation front, the stock trades at a price-to-earnings (PE) ratio of 104.11 and a price-to-sales ratio of 9.26. Technically, momentum remains firmly bullish, with the RSI (14) indicating strength and the stock trading above all 8 of its key simple moving averages (SMAs).
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