August 5: GE Vernova T&D India Ltd (NSE: GVT&D) reported a strong performance for the first quarter of FY27, with profit after tax (PAT) rising 25% year-on-year (YoY) to ₹360 crore, driven by robust execution and strong demand across domestic and international power transmission projects.
The company also reported a 38% YoY increase in revenue to ₹1,840 crore, reflecting continued momentum in India’s grid modernization and global electrification markets.
GE Vernova T&D India Q1 FY27 Highlights
- Revenue: ₹1,840 crore (+38% YoY)
- EBITDA: ₹460 crore (+19% YoY)
- EBITDA Margin: 25.1%
- Profit After Tax (PAT): ₹360 crore (+25% YoY)
- PAT Margin: 19.8%
- Order Bookings: ₹1,140 crore (down 30% YoY)
Major Orders Secured
During the June quarter, GE Vernova T&D India secured several strategic domestic and international orders, including:
- Supply of current transformers (CTs) and capacitive voltage transformers (CVTs) for North America
- 400 kV GIS orders for Spain and Morocco
- 150 MVA, 245 kV transformer order from a leading semiconductor company
- Multiple Grid Automation projects for utilities, EPC companies, and data centers
- Export orders for AIS/GIS equipment across North America, Europe, the Middle East, and Africa
Operational Milestones
The company successfully commissioned several major transmission projects, including:
- 400 kV substations at Khavda, Gujarat
- GIS and transformer projects in Nepal
- 765 kV transformer project for UPRVUNL
- Multiple shunt reactor installations for PGCIL and Resonia
- GIS projects for ReNew Power and DVC
Management Commentary
Managing Director & CEO Sandeep Zanzaria said the company has started FY27 on a strong footing and remains focused on supporting India’s energy transition through investments in manufacturing capacity across HVDC, transformers, GIS, reactors, circuit breakers, and grid technologies.
The company continues to invest in capacity expansion to capitalize on growing opportunities in power transmission, renewable energy integration, and grid modernization.
Key Takeaways
- Revenue up 38% YoY to ₹1,840 crore
- PAT climbs 25% YoY to ₹360 crore
- Multiple global transmission equipment orders secured
- Continued investments in grid infrastructure manufacturing
- Strong execution across India and export markets
