GE Vernova T&D India Limited (NSE: GVT&D), a leading player in the power transmission and distribution business, has announced strong financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

The company reported a remarkable performance for the quarter:

Operational Performance

GE Vernova T&D India's order bookings saw a significant increase, rising by 57% year-over-year to ₹16.20 billion, compared to ₹10.30 billion in the same quarter last year. This growth in order intake reflects the company's strong market position and the increasing demand for its products and services.

Key Wins and Operational Highlights

The company secured several important orders during the quarter, including:

• Multiple orders from private TBCB developers for 765 kV transformers and reactors in Rajasthan and Gujarat.
• An order for 420 kV GIS from Bharat Heavy Electricals Ltd in Madhya Pradesh.
• An order for 420/245 kV GIS from a private EPC player in Maharashtra.
• Multiple orders for 765 kV AIS equipment and grid automation packages from EPC players.
• Export orders for AIS/GIS equipment to Europe, South-East Asia, Middle East, and Africa.

Operationally, GE Vernova T&D India achieved significant milestones, including:

• Commissioning of 765 kV AIS and 400 kV GIS bay, adding 500 MVA transformation capacity for PGCIL in Kotra.
• Commissioning of 765 kV GIS bays and addition of 1500 MVA ICT and 330 MVAR reactor for Adani at Khavda.
• Successful commissioning of approximately 2,700 MVA at various sites across India.

Management Commentary

Sandeep Zanzaria, Managing Director & CEO of GE Vernova T&D India Limited, commented on the results, stating, "We delivered a strong and productive first quarter, driven by continued momentum as India modernizes its grid to improve reliability, accommodate renewable energy sources, and meet increasing electricity demands from various sectors. We have been disciplined in taking profitable orders with better margins and expect to continue on this trajectory."

Future Outlook

The company's performance indicates a positive outlook for the power transmission and distribution sector in India. With its strong order book and focus on grid modernization and renewable energy integration, GE Vernova T&D India is well-positioned to capitalize on the growing demand for electricity infrastructure in the country.

However, investors should note that the company recognized a loss of ₹1,713.70 million in other comprehensive income due to fair value changes on derivatives designated as cash flow hedges. This financial instrument valuation impact, while not affecting the core operational performance, is an important factor to consider in the overall financial picture.

As India continues to invest in its power infrastructure to support economic growth and sustainable energy goals, GE Vernova T&D India's expertise in grid solutions and its strong market presence suggest potential for continued growth in the coming quarters.

GE Vernova T&D India , a leading player in the power transmission and distribution sector, has reported exceptional financial results for the fourth quarter, showcasing remarkable growth across key metrics.

Profit Surge

The company's net profit for Q4 witnessed a remarkable threefold increase, reaching Rs 186.49 crore. This substantial growth in profitability underscores GE Vernova T&D India's operational efficiency and strong market position.

Order Book Expansion

GE Vernova T&D India's order bookings demonstrated impressive momentum, jumping by 124% to Rs 29.90 billion in the quarter. This significant increase in orders indicates robust demand for the company's products and services, potentially setting the stage for continued growth in the coming quarters.

Financial Performance Highlights

The company's financial performance shows substantial improvements across various metrics:

• Revenue: Increased to Rs 1,173.70 crore, marking a 27.67% growth compared to the same quarter last year.
• EBITDA: Rose to Rs 273.30 crore, representing a significant 134.19% increase year-over-year.
• Operating Profit: Reached Rs 252.10 crore, up by 127.12% compared to the previous year.
• Operating Profit Margin: Improved to 21.88%, indicating enhanced operational efficiency.

Shareholder Returns

In a move that will likely please shareholders, GE Vernova T&D India has recommended a final dividend of 250%, which translates to Rs 5 per share. This generous dividend payout reflects the company's strong financial position and commitment to delivering value to its investors.

Stock Performance

The company's stock has been a standout performer in the market:

• Over the past five years, it has delivered an impressive 3,117.80% return to investors.
• The stock has already gained 84.40% this year, showcasing strong momentum.

These exceptional returns highlight the market's positive sentiment towards GE Vernova T&D India and its growth prospects.

Conclusion

GE Vernova T&D India's Q4 results demonstrate the company's ability to capitalize on market opportunities and drive significant growth. With a robust order book, improved profitability, and strong shareholder returns, the company appears well-positioned for continued success in the power transmission and distribution sector.