GE Vernova T&D India quarterly results and financials

GE Vernova T&D India (GVT&D)₹4,106+1.26%(9 Nov 2026 close)Heavy Electrical Equipment

Key facts

In the Jun 2026 quarter (standalone), GE Vernova T&D India reported sales of ₹1,832 Cr, up 38.1% from Jun 2025, and net profit of ₹362 Cr, up 24.6% year on year. For the year to Mar 2026, sales were ₹6,185 Cr and net profit ₹1,231 Cr.

Sales (Jun 2026): ₹1,832 Cr
Net profit (Jun 2026): ₹362 Cr
Sales (FY Mar 2026): ₹6,185 Cr
Net profit (FY Mar 2026): ₹1,231 Cr
EPS (Jun 2026): ₹14.17
Borrowings (Mar 2026): ₹24.01 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

GE Vernova T&D India quarterly results

₹ crore unless stated; each column is a quarter.

GE Vernova T&D India Quarterly results
	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	696	837	912	955	1,105	1,072	1,150	1,326	1,534	1,696	1,631	1,832
Expenses	637	742	803	776	903	893	899	942	1,141	1,245	1,190	1,374
Operating Profit	60.97	96.84	111	182	205	180	252	387	395	454	444	461
OPM %	8.9%	11.9%	12.0%	19.0%	17.9%	16.9%	21.9%	28.9%	26.0%	26.9%	26.9%	24.9%
Other Income	9.01	−3.99	5.99	12.01	3.99	25.99	20.99	15.99	19.01	−51.01	43.01	41.99
Interest	6.99	6.99	3.01	2.01	3.01	4.01	6.01	3.01	2.01	3.01	7.01	2.99
Depreciation	12.99	11.98	11.99	11.99	11.98	11.98	10.99	10.99	11.98	11.98	11.98	11.99
Profit before tax	50.13	73.24	101	181	195	190	257	392	402	391	471	489
Tax %	25.9%	31.9%	33.9%	24.9%	24.9%	24.9%	26.9%	24.9%	24.9%	25.0%	24.9%	25.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−49.86	3.99	0.00
Net Profit	36.94	48.91	65.92	135	145	143	186	291	299	290	351	362
EPS (Rs)	1.44	1.92	2.58	5.24	5.64	5.56	7.27	11.36	11.69	11.35	13.73	14.17

GE Vernova T&D India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

GE Vernova T&D India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,294	4,041	4,322	4,209	3,152	3,440	3,058	2,765	3,162	4,283	6,185	6,693
Expenses	3,192	3,991	4,051	3,763	3,350	3,280	3,154	2,649	2,835	3,457	4,516	4,951
Operating Profit	107	56.90	275	453	−195	171	−88.95	121	332	830	1,681	1,755
OPM %	3.2%	1.4%	6.0%	10.9%	−6.0%	4.9%	−2.9%	4.4%	10.0%	18.9%	26.9%	26.2%
Other Income	142	141	239	48.98	4.99	68.93	136	22.01	21.98	61.96	27.01	53.00
Interest	107	182	106	85.10	87.11	84.04	58.99	61.05	41.05	27.03	15.01	15.02
Depreciation	85.87	87.96	89.95	82.90	77.95	65.92	57.96	54.92	49.98	46.96	45.93	47.93
Profit before tax	56.18	−73.26	320	336	−357	89.33	−69.20	27.09	264	823	1,656	1,753
Tax %	37.9%	17.9%	35.0%	35.9%	−15.1%	31.9%	−29.1%	105.9%	30.9%	25.9%	24.9%	—
Exceptional items	0.00	0.00	3.99	−4.99	−53.88	1.99	110	−7.98	0.00	0.00	−45.89	−45.87
Net Profit	33.95	−86.82	209	213	−303	59.89	−49.88	−0.99	181	607	1,231	1,303
EPS (Rs)	1.34	−3.37	8.14	8.30	−11.81	2.35	−1.93	−0.05	7.06	23.74	48.14	50.94
Dividend payout %	134.1%	−53.0%	22.1%	22.1%	0.0%	0.0%	0.0%	0.0%	28.1%	21.1%	21.1%	—

GE Vernova T&D India balance sheet

₹ crore, at each year end.

GE Vernova T&D India Balance sheet
	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	51.12	51.12	51.11	51.12	51.14	51.17	51.17	51.15	51.10	51.17	51.17	51.12
Reserves	1,264	1,130	985	1,142	1,380	1,003	1,075	1,032	1,026	1,196	1,727	2,647
Borrowings	280	504	518	100	81.01	599	316	226	273	42.02	35.02	24.01
Other Liabilities	2,906	3,091	3,569	3,485	2,692	2,504	2,666	2,463	2,338	2,299	2,854	5,028
Total Liabilities	4,502	4,777	5,123	4,779	4,203	4,158	4,108	3,772	3,687	3,587	4,667	7,751
Fixed Assets	687	683	656	586	512	537	494	457	421	400	379	412
CWIP	69.77	32.89	24.95	17.95	4.99	11.98	21.95	8.98	8.98	10.97	46.85	64.85
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	3,745	4,061	4,443	4,175	3,687	3,609	3,593	3,308	3,259	3,177	4,240	7,274
Inventories	693	972	1,119	1,025	633	648	579	622	643	589	703	1,226
Trade receivables	2,156	2,076	2,279	1,805	2,028	1,905	1,911	1,569	1,557	1,444	1,474	2,179
Cash & equivalents	82.14	61.11	72.17	533	60.14	60.11	60.13	82.21	47.10	134	474	1,532
Total Assets	4,502	4,777	5,123	4,779	4,203	4,158	4,108	3,772	3,687	3,587	4,667	7,751

GE Vernova T&D India cash flow

₹ crore, for each year.

GE Vernova T&D India Cash flow
	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	501	−90.78	187	1,051	−354	−259	310	7.98	−36.88	517	902	1,706
Cash from investing activity	−137	−49.83	−46.86	−305	286	−29.91	11.96	116	2.99	−172	−493	−510
Cash from financing activity	−319	120	−131	−583	−114	289	−323	−102	8.97	−258	−68.73	−146
Net cash flow	44.85	−19.93	10.96	163	−181	0.00	−0.99	21.92	−25.92	86.68	338	1,048
Capex	79.02	50.07	48.01	18.01	7.01	32.01	0.00	25.02	16.02	29.03	87.03	188
Free cash flow	425	−141	142	1,045	−363	−293	325	−17.05	−54.09	490	818	1,524
CFO / OP %	171.9%	−39.1%	372.9%	432.9%	−51.1%	98.9%	193.9%	−35.1%	−7.0%	162.0%	132.9%	130.9%

GE Vernova T&D India ratios

Working-capital days and returns, by year.

GE Vernova T&D India Ratios
	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	210	227	204	151	174	218	200	185	203	165	124	127
Inventory days	291	510	541	233	135	176	142	158	118	102	99	131
Days payable	767	824	806	390	248	273	276	284	198	157	147	171
Cash conversion cycle	−261	−83	−57	−3	64	126	70	63	128	115	80	91
Working capital days	50	22	−2	−18	48	20	23	13	20	29	35	6
ROCE %	16.0%	10.0%	7.0%	30.0%	31.0%	−14.0%	11.0%	−9.0%	8.0%	23.0%	55.0%	76.0%

GE Vernova T&D India: frequently asked questions

What are the latest quarterly results of GE Vernova T&D India?

For the Jun 2026 quarter, GE Vernova T&D India reported sales of ₹1,832 Cr, up 38.1% year on year and net profit of ₹362 Cr, up 24.6% year on year. The operating margin was 24.9%.

What is the annual revenue of GE Vernova T&D India?

GE Vernova T&D India's sales for the year to Mar 2026 were ₹6,185 Cr; over the last twelve months they were ₹6,693 Cr.

What is the net profit of GE Vernova T&D India?

Net profit for the year to Mar 2026 was ₹1,231 Cr, and ₹1,303 Cr over the last twelve months. Earnings per share over the same trailing period were ₹50.94.

How much debt does GE Vernova T&D India have?

GE Vernova T&D India reported borrowings of ₹24.01 Cr at Mar 2026, against cash and equivalents of ₹1,532 Cr.

What is the free cash flow of GE Vernova T&D India?

Cash from operations was ₹1,706 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,524 Cr.

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