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GVT&D Q3 FY26 Results: PAT Jumps to ₹4.6B; Order Backlog Hits Record ₹143.8B
GE Vernova T&D India reported a stellar performance for Q3 FY26, with PAT rising significantly to ₹4.6 billion from ₹1.9 billion in the previous year. The company's order backlog has strengthened to ₹143.8 billion as of December 2025, providing strong revenue visibility. For the nine-month period, profits more than doubled to ₹12.5 billion, reflecting robust execution and margin improvement. The order intake remains healthy at ₹61.6 billion for 9M FY26, with domestic orders accounting for 85% of the mix.
Key Highlights
Quarterly PAT surged to ₹4.6 billion in Q3 FY26 compared to ₹1.9 billion in Q3 FY25
Order backlog reached ₹143.8 billion in Dec 2025, up from ₹126.6 billion in March 2025
9M FY26 PAT more than doubled to ₹12.5 billion from ₹5.6 billion in 9M FY25
Domestic orders constitute 85% (₹52.4 billion) of the total order intake for the period
Revenue/EBITDA for Q3 FY26 grew to ₹29.4 billion from ₹20.8 billion in the year-ago quarter
💼 Action for Investors
The company is a primary beneficiary of India's power grid expansion and energy transition; investors should hold for long-term growth driven by the massive order book. Monitor execution efficiency as the company scales to meet the record backlog.
GVT&D Q3 FY26 Net Profit Surges 104% YoY to ₹2,908 Million; MD Re-appointed
GE Vernova T&D India reported a robust performance for Q3 FY26, with revenue from operations growing 58.4% YoY to ₹17,006.4 million. Net profit doubled to ₹2,908 million, even after accounting for a one-time exceptional charge of ₹693 million related to new Labour Code provisions. The company demonstrated strong operational leverage with profit before exceptional items rising 141.7% YoY. Leadership continuity is secured with the re-appointment of Sandeep Zanzaria as MD & CEO for a further three-year term.
Key Highlights
Revenue from operations increased 58.4% YoY to ₹17,006.4 million in Q3 FY26.
Net profit for the quarter rose 103.8% YoY to ₹2,908 million from ₹1,426.8 million.
Profit before exceptional items and tax stood at ₹4,590.1 million, up from ₹1,898.9 million YoY.
Recognized an exceptional provision of ₹693 million for financial implications of new Government Labour Codes.
Sandeep Zanzaria re-appointed as MD & CEO for a 3-year term effective April 17, 2026.
💼 Action for Investors
The strong top-line growth and doubling of profits indicate high demand in the T&D sector; investors should remain positive given the leadership stability and operational momentum.