Ge Vernova T&D India Limited (gvt&d) Q4 FY26: Revenue Up 42%, PAT Surges 89%

GE Vernova T&D India Limited (NSE:GVT&D) reported on May 18, 2026, its audited financial results for the fourth quarter and for the full year ended March 31, 2026. Revenue was INR 16.4 billion, against INR 11.5 billion in Q4 FY25, up 42% YoY. EBITDA was at INR 4.4 billion (27.2%), against INR 2.5 billion (21.9%) in Q4 FY25, up 77% YoY. Profit After Tax was at INR 3.5 billion (21.5%), against INR 1.9 billion (16.2%) in Q4 FY25, up 89% YoY. Notably, order bookings were INR 86.1 billion, against INR 29.9 billion in Q4 FY25, up 188% YoY.

Full Year Results

For the full fiscal year, revenue was INR 62.1 billion, against INR 42.9 billion in FY 24-25, up 45% YoY. EBITDA was at INR 16.8 billion (27.1%), against INR 8.2 billion (19.1%) in FY 24-25, up 106% YoY. Profit After Tax was at INR 12.3 billion (19.9%), against INR 6.1 billion (14.2%) in FY 24-25, up 103% YoY. Order bookings were INR 147.8 billion compared to INR 107.8 billion in FY 24-25, up 37% YoY.

Significant Orders and Commissioning

The company secured orders from Adani Energy Solutions Ltd. for a HVDC VSC terminal station for the Khavda – South Olpad renewable power transmission corridor in India. Additionally, orders were secured from Power Grid Corporation of India Ltd. (PGCIL) for refurbishing the 2x500MW Chandrapur HVDC Back to Back Station and for 765 kV 500 MVA Inter Connected Transformers (ICTs) and 765kV 110 MVAR reactors. Other significant orders include 765kV/400kV AIS equipment and Grid Automation packages from multiple EPC players in India. The company also secured multiple orders for export of AIS/GIS equipment to Europe, Middle East, and Africa. Furthermore, the company successfully commissioned several substations and reactors for various clients, including the 400/200 kV substation for Renew RTM Extension site at Gadag, Karnataka, and the 765 kV, 1-phase Shunt Reactor at RESONIA, Fatehgarh III & Beawar sites.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of GE Vernova T&D India Limited

GE Vernova T&D India Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.

GE gains 21.3% over three months and trades near its 52-week highs. No meaningful dividend — total return is entirely dependent on capital appreciation. Revenue grows at 11.8% CAGR. The company generates cash but does not compound aggressively. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises 21.3% in three months on 11.8% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of GE Vernova T&D India Limited.