“GE Vernova T&D India Reports 39% Revenue Growth in Q2 FY 2025-26”
Filing Summary
GE Vernova T&D India Limited announced its Q2 FY 2025-26 results, reporting a 39% increase in revenue to INR 15.4 billion compared to the same quarter last year. The company’s EBITDA rose to INR 3,965 million, while Profit After Tax reached INR 2,995 million. Despite a 66% decline in order bookings to INR 16.1 billion, the company secured significant orders for substations and equipment across India and internationally. GE Vernova T&D plans to invest INR 806 crore to expand its manufacturing capacities, enhancing its ability to support India’s energy transition.
GE Vernova T&D India Limited reported its unaudited financial results for the second quarter of FY 2025-26, ending September 30, 2025. The company achieved a revenue of INR 15.4 billion, marking a 39% increase from INR 11.1 billion in the same quarter of the previous year. The EBITDA was recorded at INR 3,965 million, up from INR 2,047 million, and the Profit After Tax was INR 2,995 million, compared to INR 1,446 million in the prior year.
Order bookings for the quarter amounted to INR 16.1 billion, a decrease of 66% from INR 46.8 billion in the previous year. The company secured several key orders, including 765 kV, 400 kV, and 220 kV GIS substations from a private TBCB player in Gujarat, and a 400/220kV AIS Substation from a renewable developer in Karnataka. Additional orders were received for a 765 kV GIS substation and 245/145kV GIS substation from EPC players in Maharashtra. The company also secured orders for 765kV AIS equipment and Grid Automation packages, along with multiple export orders for AIS/GIS equipment to Europe, North America, the Middle East, and Africa.
Operational achievements included the successful commissioning of 765 kV AIS and 400 kV GIS bays, adding approximately 2,700 MVA capacity at various sites, including PGCIL Dausa and Narela, Neyveli Uttar Pradesh Power Limited Ghatampur, and STS Infracon Kallam. The company also commissioned 400 kV GIS bays at NEA, Nepal Khimti, and 220 kV GIS bays at Transglobal, Ganesh Nagar, and JSL, Jaipur. Additionally, a 220 / 33 kV Substation for Viviid Renewables at Hatalgiri and 400 kV bays at Khurja STPP for THDC were successfully commissioned.
GE Vernova T&D India announced an investment of INR 806 crore to expand its existing capacities for Transformers & Reactors at the Vadodara facility and GIS & AIS products at Padappai and Hosur sites. This investment includes new manufacturing lines for Air Core Reactors and Bushings at the Hosur facility, supplementing the INR 140 crore investment announced earlier in May 2025.
GE Vernova T&D India Limited is a key player in the power transmission and distribution sector, providing a range of solutions for power grid connectivity and evacuation. The company focuses on manufacturing power transformers, circuit breakers, gas-insulated switchgear, and other grid equipment. With five manufacturing sites, it is positioned to meet the growing demand for grid equipment and services, supporting India’s energy transition and grid modernization efforts.