GE Power India (GVPIL)₹605.75−1.06%Heavy Electrical Equipment
In the Jun 2026 quarter (consolidated), GE Power India reported sales of ₹308 Cr, up 7.6% from Jun 2025, and net profit of ₹53.98 Cr, up 54.1% year on year. For the year to Mar 2026, sales were ₹1,264 Cr and net profit ₹253 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 293 | 246 | 245 | 216 | 316 | 265 | 286 | 280 | 384 | 315 | 308 |
| Expenses | 266 | 292 | 262 | 264 | 207 | 313 | 286 | 286 | 252 | 261 | 210 | 263 |
| Operating Profit | −25.99 | 1.99 | −15.99 | −17.98 | 9.99 | 3.99 | −21.01 | 0.00 | 28.01 | 125 | 107 | 44.98 |
| OPM % | −11.0% | 0.8% | −6.0% | −7.0% | 4.7% | 1.2% | −8.0% | 0.0% | 10.0% | 32.0% | 34.0% | 14.0% |
| Other Income | −15.99 | 10.99 | 63.95 | 21.98 | 69.97 | −14.99 | 223 | 44.02 | 15.99 | −42.01 | 15.99 | 20.01 |
| Interest | 15.95 | 8.96 | 17.94 | 9.96 | 8.97 | 3.99 | 1.99 | 5.97 | 5.97 | 5.98 | 3.98 | 4.98 |
| Depreciation | 4.01 | 4.01 | 4.01 | 4.01 | 3.01 | 4.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 |
| Profit before tax | −62.03 | 0.00 | 26.04 | −10.01 | 67.10 | −19.01 | 197 | 35.04 | 35.02 | 73.01 | 115 | 57.05 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 17.0% | 0.0% | 8.0% | 2.0% | 2.0% | 5.0% |
| Exceptional items | −26.03 | −10.01 | 11.01 | 13.99 | 42.06 | −43.02 | 204 | −12.01 | −13.01 | −58.06 | −13.99 | −13.01 |
| Net Profit | −62.04 | 0.00 | 25.99 | −9.99 | 66.97 | −19.01 | 164 | 35.02 | 32.02 | 72.04 | 113 | 53.98 |
| EPS (Rs) | −9.22 | 0.07 | 3.87 | −1.43 | 9.96 | −2.77 | 24.47 | 5.18 | 4.82 | 10.79 | 16.87 | 8.01 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,705 | 1,987 | 1,334 | 1,896 | 2,436 | 3,333 | 2,608 | 1,788 | 1,035 | 1,043 | 1,264 | 1,287 |
| Expenses | 1,882 | 1,936 | 1,201 | 1,708 | 2,289 | 3,169 | 2,760 | 2,104 | 1,182 | 1,036 | 998 | 986 |
| Operating Profit | −176 | 52.95 | 135 | 191 | 152 | 164 | −144 | −313 | −145 | 9.01 | 269 | 305 |
| OPM % | −10.0% | 2.6% | 10.0% | 10.0% | 6.0% | 4.9% | −5.0% | −17.0% | −14.0% | 0.9% | 21.0% | 23.7% |
| Other Income | 184 | 92.01 | −9.01 | 39.98 | 157 | 66.03 | −5.01 | 81.01 | 59.95 | 252 | 33.97 | 9.98 |
| Interest | 30.90 | 59.80 | 31.85 | 53.80 | 68.75 | 80.69 | 96.55 | 76.70 | 70.76 | 43.80 | 31.88 | 20.91 |
| Depreciation | 72.05 | 60.06 | 51.08 | 31.05 | 66.08 | 50.05 | 44.04 | 23.04 | 15.02 | 14.03 | 12.02 | 12.04 |
| Profit before tax | −94.05 | 26.02 | 42.03 | 146 | 173 | 99.06 | −291 | −331 | −171 | 203 | 259 | 280 |
| Tax % | −39.0% | 110.0% | 37.0% | 48.0% | 51.0% | 29.0% | −1.0% | 33.0% | 0.0% | 0.0% | 2.0% | — |
| Exceptional items | 0.00 | −11.01 | 54.99 | −38.05 | 15.02 | −25.01 | −147 | −7.01 | −35.01 | 0.00 | −26.99 | −98.07 |
| Net Profit | −58.03 | −2.01 | 27.02 | 75.04 | 85.01 | 70.01 | −289 | −441 | −171 | 203 | 253 | 271 |
| EPS (Rs) | −8.64 | −0.38 | 3.97 | 11.25 | 12.62 | 10.49 | −43.06 | −65.73 | −25.54 | 30.25 | 37.65 | 40.49 |
| Dividend payout % | 0.0% | −820.0% | 76.0% | 54.0% | 16.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 67.11 | 67.09 | 67.09 | 67.05 | 67.10 | 67.08 | 67.06 | 67.10 | 67.04 | 67.04 | 67.08 | 67.05 |
| Reserves | 912 | 758 | 761 | 762 | 816 | 849 | 905 | 610 | 165 | 2.01 | 249 | 516 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 138 | 455 | 389 | 360 | 164 | 29.10 | 18.06 |
| Other Liabilities | 2,093 | 2,767 | 3,049 | 3,093 | 2,687 | 2,321 | 2,575 | 2,399 | 2,278 | 2,353 | 1,673 | 1,543 |
| Total Liabilities | 3,073 | 3,594 | 3,878 | 3,921 | 3,570 | 3,376 | 4,003 | 3,465 | 2,872 | 2,586 | 2,018 | 2,144 |
| Fixed Assets | 395 | 373 | 349 | 270 | 150 | 306 | 282 | 133 | 110 | 97.64 | 62.82 | 39.88 |
| CWIP | 49.97 | 38.95 | 27.99 | 8.99 | 11.99 | 4.99 | 1.99 | 2.01 | 1.01 | 3.99 | 3.99 | 2.99 |
| Investments | 0.00 | 2.99 | 2.99 | 3.01 | 2.99 | 2.99 | 3.01 | 9.99 | 12.99 | 18.99 | 30.01 | 45.99 |
| Other Assets | 2,627 | 3,179 | 3,498 | 3,639 | 3,405 | 3,063 | 3,716 | 3,319 | 2,748 | 2,466 | 1,921 | 2,055 |
| Inventories | 408 | 365 | 355 | 467 | 180 | 231 | 200 | 81.14 | 88.17 | 87.20 | 88.29 | 150 |
| Trade receivables | 966 | 1,082 | 845 | 950 | 980 | 1,329 | 2,215 | 2,399 | 1,957 | 1,701 | 1,175 | 763 |
| Cash & equivalents | 717 | 513 | 848 | 1,051 | 825 | 378 | 220 | 181 | 221 | 151 | 441 | 429 |
| Total Assets | 3,073 | 3,594 | 3,878 | 3,921 | 3,570 | 3,376 | 4,003 | 3,465 | 2,872 | 2,586 | 2,018 | 2,144 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 188 | 61.78 | 428 | 47.87 | −240 | −561 | −476 | 48.86 | 89.78 | 181 | 378 | 468 |
| Cash from investing activity | 367 | −182 | −91.10 | −701 | 223 | 919 | 63.14 | −5.01 | 6.01 | −3.01 | 56.05 | −437 |
| Cash from financing activity | −111 | −84.21 | −2.01 | −28.08 | −39.06 | −86.14 | 255 | −79.19 | −48.12 | −227 | −128 | −47.12 |
| Net cash flow | 446 | −205 | 338 | −682 | −57.17 | 268 | −160 | −35.08 | 48.13 | −47.08 | 309 | −14.03 |
| Capex | 52.99 | 42.99 | 23.99 | 15.01 | 6.99 | 9.99 | 3.01 | 5.01 | 2.99 | 2.01 | 3.01 | 1.99 |
| Free cash flow | 193 | 35.12 | 407 | 36.09 | −230 | −467 | −475 | 44.14 | 87.34 | 181 | 377 | 469 |
| CFO / OP % | 163.0% | −44.1% | 815.9% | 41.9% | −81.1% | −314.1% | −268.1% | −45.1% | −24.1% | −110.1% | 3,771.9% | 188.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 165 | 230 | 154 | 258 | 187 | 197 | 241 | 333 | 396 | 596 | 408 | 218 |
| Inventory days | 248 | 191 | 227 | 648 | 69 | 66 | 36 | 19 | 35 | 96 | 94 | 106 |
| Days payable | 156 | 428 | 919 | 1,814 | 284 | 255 | 201 | 263 | 321 | 802 | 567 | 395 |
| Cash conversion cycle | 258 | −6 | −537 | −908 | −27 | 9 | 77 | 90 | 111 | −109 | −64 | −70 |
| Working capital days | −38 | −53 | −120 | −187 | −64 | 26 | 44 | 30 | −25 | −78 | −83 | 15 |
| ROCE % | 24.0% | −7.0% | 17.0% | 25.9% | 34.0% | 22.0% | 17.0% | −4.0% | −29.1% | −16.0% | 27.0% | 82.0% |
For the Jun 2026 quarter, GE Power India reported sales of ₹308 Cr, up 7.6% year on year and net profit of ₹53.98 Cr, up 54.1% year on year. The operating margin was 14.0%.
GE Power India's sales for the year to Mar 2026 were ₹1,264 Cr; over the last twelve months they were ₹1,287 Cr.
Net profit for the year to Mar 2026 was ₹253 Cr, and ₹271 Cr over the last twelve months. Earnings per share over the same trailing period were ₹40.49.
GE Power India reported borrowings of ₹18.06 Cr at Mar 2026, against cash and equivalents of ₹429 Cr.
Cash from operations was ₹468 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹469 Cr.