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GE Vernova T&D India LimitedGVT&DCorporate

Industrials Specialty Industrial Machinery Latest results: Sep 2026 15 quarters of data
₹4,175.50
MCap ₹106,912 Cr · P/E 74.4
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹2,027 Cr
Sales · Sep 2026
+31.8% YoY
₹550 Cr
Operating Profit · Sep 2026
+38.8% YoY
27.1%
OPM % · Sep 2026
+5.4% YoY
₹431 Cr
Net Profit · Sep 2026
+44.3% YoY
₹16.84
EPS · Sep 2026
+43.9% YoY

📝 GE Vernova T&D India Limited — results explained

Quarter ended September 2026 (Q2 FY27)

GE Vernova T&D India Limited reported revenue of ₹2,027 crore for the quarter ended September 2026 (Q2 FY27), up 31.8% from ₹1,538 crore in the same quarter last year, and up 10.4% sequentially over the June 2026 quarter.

Net profit rose 44.3% year-on-year to ₹431 crore, from ₹299 crore. Earnings per share (EPS) came in at ₹16.84.

Operating profit stood at ₹550 crore — an operating margin (OPM) of 27.1%, compared with 25.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, GE Vernova T&D India Limited posted revenue of ₹6,206 crore, a growth of 44.6% over FY25, with a net profit of ₹1,233 crore (up 102.5% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹7,201 crore with a net profit of ₹1,437 crore.

Valuation snapshot

At the current price of ₹4,175.50, GVT&D has a market capitalisation of ₹106,912 crore and a trailing P/E of about 74.4.

Within the Specialty Industrial Machinery industry, it is the 5th-largest of the 24 companies we track by market value.

Shareholding pattern

As of Sep 2026, domestic institutional investors (DIIs) 22.17%, promoters held 51.00%, foreign institutional investors (FIIs) 19.16%, public shareholders 7.68% of GE Vernova T&D India Limited.

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📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹106,912 Cr
Current Price ?
₹4,175.5
P/E ?
74.38above ind
Industry P/E ?
43.70
P/B ?
32.45
P/S ?
14.85
P/FCF ?
70.29
Enterprise Value ?
₹106,940 Cr
EV/EBITDA ?
55.97
PEG ?
0.15
Earnings Yield ?
1.7%
Dividend Yield ?
0.12%
Profitability & Returns
Sales (TTM) ?
₹7,201 Cr
OPM ?
26.5%
Profit after tax (TTM) ?
₹1,437 Cr
EPS (TTM) ?
₹56.14
ROCE ?
76.0%
ROE ?
43.6%
ROA ?
16.5%
Growth
Sales — latest qtr ?
₹2,027 Cr
PAT — latest qtr ?
₹431 Cr
YoY qtr sales growth ?
31.8%
YoY qtr profit growth ?
44.3%
Sales growth (3y) ?
31%
Sales growth (5y) ?
12%
Profit growth (3y) ?
490%
Profit growth (5y) ?
86%
Financial Health
Debt ?
₹28 Cr
Debt to Equity ?
0.01
Interest Coverage ?
109.1
Ownership
Promoter holding ?
51.00%
Change in promoter holding ?
0.00%
FII holding ?
19.16%
DII holding ?
22.17%
Market
Return 3 months ?
-3.6%
Return 6 months ?
-8.5%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Sales 7037186988399149581,1081,0741,1531,3301,5381,7011,6371,8362,027 +31.8% +10.4%
Operating Profit 28516197111182205180252388396455445461550 +38.8% +19.3%
Other Income -1129-4612426211619-51434250 +164.9% +20.3%
Interest 13117732346323738 +291.5% +128.9%
Depreciation 151313121212121211111212121212 +2.0% +1.3%
Profit Before Tax 0395073101180194190256390401390469487580 +44.6% +19.1%
Net Profit -1528374966135145143186291299291352363431 +44.3% +18.8%
EPS -0.601.101.451.932.595.255.655.577.2811.3711.7011.3613.7414.1816.84 +43.9% +18.8%
OPM % 4.0% 7.1% 8.7% 11.6% 12.1% 19.0% 18.5% 16.8% 21.9% 29.2% 25.7% 26.7% 27.2% 25.1% 27.1% +5.4% +8.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹4,293 Cr ₹6,206 Cr ₹7,201 Cr +44.6%
Operating Profit ₹819 Cr ₹1,684 Cr ₹1,911 Cr +105.6%
OPM % 19.08% 27.14% 26.53% +42.2%
NPM % 14.19% 19.87% 19.96% +40.0%
Other Income ₹63 Cr ₹27 Cr ₹84 Cr -57.1%
Depreciation ₹47 Cr ₹47 Cr ₹48 Cr +0.0%
Interest ₹15 Cr ₹15 Cr ₹21 Cr +0.0%
EBIT ₹772 Cr ₹1,637 Cr ₹1,862 Cr +112.0%
PBT ₹820 Cr ₹1,650 Cr ₹1,926 Cr +101.2%
Tax — — ₹273 Cr —
Net Profit ₹609 Cr ₹1,233 Cr ₹1,437 Cr +102.5%
EPS ₹23.75 ₹48.17 ₹56.12 +102.8%
Material Cost — — ₹2,270 Cr —
Employee Cost — — ₹250 Cr —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 5 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026 % Chg
Equity Capital 5151515151 +0.4%
Reserves 1,0221,1921,7222,6393,244 +22.9%
Borrowings 27342352428 +14.6%
Other Liabilities 2,3332,3002,8535,0255,367 +6.8%
Total Liabilities 3,6793,5844,6617,7398,689 +12.3%
Fixed Assets 421401379412399 -3.1%
CWIP 9114765115 +77.6%
Investments 0000— —
Other Assets 3,2503,1734,2347,2628,174 +12.6%
Total Assets 3,6793,5844,6617,7398,689 +12.3%

📦 Working Capital (latest 1 periods)

Metric Sep 2026 % Chg
Inventories 1,360 —
Trade Receivables 2,048 —
Trade Payables 1,790 —

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -375189041,710 +89.2%
Cash from Investing Activity 3-172-495-511 -3.2%
Cash from Financing Activity 9-259-69-147 -113.0%
Net Cash Flow -26873391,052 +210.3%
Free Cash Flow -544898161,521 +86.4%
CFO/OP -7%162%133%131% -1.5%

💧 Half-year Cash Flow (latest 1 periods)

Metric Sep 2026 % Chg
Cash from Operating Activity 1,139 —
Cash from Investing Activity -31 —
Cash from Financing Activity -254 —
Net Cash Flow 854 —

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 204166125128 +2.4%
Inventory Days 119103100132 +32.0%
Days Payable 197156146170 +16.4%
Cash Conversion Cycle 1271147990 +13.9%
Working Capital Days 2029356 -82.9%
ROCE % 8%23%55%76% +38.2%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
DIIs 26.75%25.20%23.27%21.39%18.47%22.17% +20.0%
Promoters 51.00%51.00%51.00%51.00%51.00%51.00% +0.0%
FIIs 14.49%16.15%18.46%20.39%22.89%19.16% -16.3%
Public 7.74%7.66%7.26%7.22%7.64%7.68% +0.5%
No. of Shareholders 90,6631,02,9341,03,2261,10,6621,38,1221,53,699 +11.3%

⚖️ Peer comparison

Industry: Specialty Industrial Machinery · 24 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% ROE% ROCE% D/E Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 ABB ABB India ₹6,927.00 146,789 49.1 13,477 2,988 14.1% 22.2% 38.2% 30.0% 0.01 8.0% 57.9% 12.1% 2.9%
2 BHEL Bharat Heavy ₹410.20 142,834 49.6 37,781 2,878 10.1% 7.6% 11.0% 9.0% 0.31 19.2% 199.6% 23.8% 118.9%
3 CUMMINSIND Cummins India ₹4,440.00 123,077 52.0 12,662 2,366 20.4% 18.7% 27.9% 40.0% 0.00 16.4% 18.0% 19.8% 0.9%
4 SIEMENS Siemens ₹3,245.00 115,561 38.4 14,754 3,007 9.8% 20.4% 21.7% 21.0% 0.02 -26.3% -50.6% 8.4% 406.2%
5 GVT&D GE Vernova ₹3,745.20 95,895 66.7 7,201 1,437 26.5% 20.0% 43.6% 76.0% 0.01 44.6% 102.5% 31.8% 44.3%
6 SUZLON Suzlon Energy ₹36.88 50,697 22.4 18,434 2,259 16.4% 12.3% 22.0% 35.0% 0.07 53.9% 52.7% 26.0% -69.2%
7 AIAENG AIA Engineering ₹3,737.90 34,882 27.5 4,549 1,264 27.7% 27.8% 15.8% 21.0% 0.00 3.1% 19.8% 12.4% -1.4%
8 KIRLOSENG Kirloskar Oil ₹1,812.90 26,381 60.8 7,937 424 13.3% 5.3% 11.7% 15.0% 1.48 21.5% -5.1% 13.4% -20.1%
9 TDPOWERSYS TD Power ₹758.55 23,701 43.1 2,124 275 18.0% 12.9% 25.6% 33.0% 0.02 45.1% 37.0% 72.1% 72.6%
10 JYOTICNC Jyoti CNC ₹942.30 21,430 66.6 2,191 322 24.4% 14.7% 16.1% 21.0% 0.43 15.1% 6.4% 24.0% -20.0%
11 LMW LMW ₹16,424.00 17,546 85.5 3,684 205 7.5% 5.6% 6.8% 7.0% — 6.5% 27.3% 37.7% 74.1%
12 TRITURBINE Triveni Turbine ₹540.80 17,192 51.1 2,253 336 19.0% 14.9% 23.2% 36.0% 0.02 8.9% -8.4% 19.3% -20.2%
13 ELGIEQUIP Elgi Equipments ₹526.10 16,585 37.1 4,147 448 14.8% 10.8% 20.1% 24.0% 0.24 12.6% 22.8% 22.6% 20.7%
14 TEGA Tega Industries ₹1,718.50 12,911 — 3,059 -0 7.6% -0.0% -0.0% 8.0% 0.12 3.3% -28.6% 383.9% -405.6%
15 KIRLOSBROS Kirloskar Brothers ₹1,557.50 12,368 32.9 4,913 379 11.5% 7.7% 14.8% 21.0% 0.11 1.0% -9.9% 24.2% 3.8%
16 KSB KSB ₹672.90 11,711 47.7 2,726 246 12.8% 9.0% 14.7% 25.0% 0.00 4.6% 1.6% 3.6% -18.3%
17 INOXWIND Inox Wind ₹58.33 10,081 25.4 4,209 418 19.5% 9.9% 6.6% 10.0% 0.25 23.5% 5.9% -22.7% -33.9%
18 SETL Standard Engineering ₹379.90 7,579 3.6 23,290 2,175 14.0% 9.3% — — — — — 43.1% 26.6%
19 POWERICA Powerica ₹586.15 7,418 26.3 3,176 291 12.5% 9.2% 14.6% 16.0% 0.29 — — 26.6% 25.5%
20 OMNI Omnitech Engineering ₹522.50 6,462 62.2 574 104 34.0% 18.1% — — — — — 61.8% 494.5%
21 LCL Lohia ₹513.85 5,429 — — — — — — — — — — 59.7% 289.8%
22 TRIVENIPT Triveni Power ₹458.30 4,801 — — — — — — — 0.01 — — — —
23 ADVAIT Advait Energy ₹1,781.10 1,948 29.3 839 70 13.1% 8.4% 23.1% — 0.88 79.0% 76.1% 40.8% 72.6%
24 HTEL Hy-Tech Engineers ₹74.25 704 — — — — — — — — — — 13.4% 10.8%
❓ Frequently asked questions
What was GE Vernova T&D India Limited's revenue in Q2 FY27?
GE Vernova T&D India Limited reported revenue of ₹2,027 crore for the quarter ended September 2026 (Q2 FY27), up 31.8% from ₹1,538 crore in the same quarter last year, and up 10.4% sequentially over the June 2026 quarter.
What was GE Vernova T&D India Limited's net profit in Q2 FY27?
Net profit rose 44.3% year-on-year to ₹431 crore, from ₹299 crore. Earnings per share (EPS) came in at ₹16.84.
What is GVT&D's market capitalisation and P/E ratio?
At the current price of ₹4,175.50, GVT&D has a market capitalisation of ₹106,912 crore and a trailing P/E of about 74.4.
Who owns GE Vernova T&D India Limited? (shareholding pattern)
As of Sep 2026, domestic institutional investors (DIIs) 22.17%, promoters held 51.00%, foreign institutional investors (FIIs) 19.16%, public shareholders 7.68% of GE Vernova T&D India Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI