GE Vernova T&D India Limited has announced its audited financial results for the fourth quarter and full year ended March 31, 2026, reporting significant year-on-year growth in revenue, profitability, and order bookings, driven by strong execution and increasing demand for grid infrastructure and renewable energy transmission projects.
For the quarter ended March 2026, the company reported revenue of INR 16.4 billion, marking a 42 per cent increase compared to INR 11.5 billion in the corresponding quarter of the previous year. EBITDA stood at INR 4.4 billion with a margin of 27.2 per cent, registering a 77 per cent rise over INR 2.5 billion reported in the same quarter last year. Profit After Tax reached INR 3.5 billion, up 89 per cent from INR 1.9 billion recorded in the quarter ended March 2025. Quarterly order bookings surged to INR 86.1 billion, reflecting a growth of 188 per cent year-on-year.
For the full financial year 2025-26, the company posted revenue of INR 62.1 billion against INR 42.9 billion in FY 2024-25, registering a growth of 45 per cent. EBITDA more than doubled to INR 16.8 billion from INR 8.2 billion in the previous fiscal year, while Profit After Tax increased by 103 per cent to INR 12.3 billion. Annual order bookings rose to INR 147.8 billion compared to INR 107.8 billion in FY 2024-25.
During the year, the company secured several strategic domestic and international orders. These included an order from Adani Energy Solutions Limited for supplying a High-Voltage Direct Current (HVDC) VSC terminal station for the 2.5 GW Khavda–South Olpad renewable power transmission corridor in India. The company also received orders from Power Grid Corporation of India Limited for the refurbishment of the 2×500 MW Chandrapur HVDC Back-to-Back Station and for supplying 765 kV 500 MVA Inter Connected Transformers and 765 kV 110 MVAR reactors for renewable energy evacuation projects.
Additionally, the company secured multiple orders for AIS and GIS equipment exports to Europe, the Middle East, and Africa, along with grid automation and substation equipment orders from various EPC players in India.
On the project execution front, GE Vernova T&D India Limited successfully commissioned several substations, switchyards, shunt reactors, ICTs, and SCADA systems across states including Karnataka, Nagaland, Bihar, Himachal Pradesh, and Rajasthan.
The Board of Directors approved an investment of INR 550 million for establishing a new manufacturing facility in Vallam, Tamil Nadu, aimed at creating additional capacity for disconnectors and drives for 362 kV Dead Tank Circuit Breakers. The Board also recommended a dividend of INR 10 per equity share for FY 2025-26, subject to shareholder approval.
Commenting on the performance, Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited, said, “GE Vernova T&D India has delivered a stellar year, marked by record order bookings and strong execution. During the year, we also initiated significant capital investments of more than INR 10 billion across multiple product lines and facilities, laying critical foundations for the next phase of growth. Our team is executing well and remains focused on delivering for the long term, with unwavering commitment to SQDC – Safety, Quality, Delivery and Cost, and to supporting India’s energy transition with reliable, innovative solutions.”
