GE Vernova T&D India Ltd

The investor presentation for GE Vernova T&D India Limited (GVT&D) for Q2 FY 2026-27 highlights key operational and financial developments. The company reported order intake of ₹24,381 million in Q2 and ₹35,751 million in H1, reflecting a 52% increase compared to the prior year. Revenue for Q2 was ₹20,270 million, with a 10.6% year-over-year growth, and H1 revenue reached ₹38,631 million. Profit before tax for Q2 was ₹5,800 million (28.6% margin), up from ₹4,871 million in the previous quarter. The order backlog stood at ₹214,432 million as of Q2. Key projects executed include commissioning 400 kV GIS and 220 kV AIS bays in Gujarat and Nepal, as well as 765 kV shunt reactors in Andhra Pradesh. The company also secured multiple export orders for AIS/GIS equipment and grid automation packages. Financially, cash generation for H1 was ₹10,100 million, leading to available cash equivalents of ₹32,500 million. Related party transactions include approvals for sales to Grid Solutions Middle East FZE and Grid Solutions SAS, with some orders on hold. Management guided toward continued focus on disciplined execution and growth in transmission and distribution solutions.

The presentation emphasizes growth in order intake, revenue, and profit margins, along with successful project completions and strong cash generation.