GE Vernova T&D has provided guidance on its expected financial performance for the current financial year, indicating strong operational momentum in the transmission and distribution sector.

Financial Performance Outlook

The company expects to deliver strong EBITDA performance during the financial year, demonstrating confidence in its operational capabilities and market position. This positive outlook reflects the company's strategic focus on maintaining robust profitability metrics.

Margin Targets and Expectations

GE Vernova T&D is aiming for mid-20s margins, which represents a significant profitability target for the transmission and distribution business. The company's margin guidance suggests effective cost management and operational efficiency measures are in place.

Strategic Positioning

The company's guidance indicates no major dilution is expected ahead, suggesting a stable capital structure and disciplined approach to financial management. This outlook provides clarity to stakeholders regarding the company's financial trajectory and operational focus in the transmission and distribution market.

GE Vernova T&D India Limited has announced robust financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across key metrics. The company's Board of Directors approved the unaudited standalone financial results during their meeting held on January 28, 2026.

Financial Performance Highlights

The company delivered impressive financial results for Q3FY26, with significant improvements across revenue and profitability metrics compared to the corresponding period last year.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained strong momentum with substantial year-over-year growth.

Exceptional Item Impact

The company recorded an exceptional item of Rs 693.0 million during Q3FY26 related to additional provisions for the four Labour codes notified by the Government of India on November 21, 2025. These codes consolidate 29 existing Labour Laws, and the company has estimated the financial implications based on draft rules and FAQs issued by the Ministry of Labour and Employment.

Board Appointments and Leadership Changes

The Board approved significant leadership appointments during the meeting:

Independent Director Appointment

Ms. Rashmi Joshi, aged about 59 years, is a qualified Chartered Accountant and Company Secretary with over three decades of business-oriented finance leadership experience across Oil & Gas, Lubricants, FMCG, Consumer Durables and Pharmaceuticals sectors. She previously served as Executive Director at Veedol Corporation Limited and Castrol India Limited.

Managing Director Re-appointment

Mr. Sandeep Zanzaria, aged about 58 years, brings over 36 years of experience in India's Transmission and Distribution sector. He has been instrumental in shaping strategy and growth initiatives for the Grid Solutions business across the Asia Pacific region.

Operational Insights

The company operates within a single operating segment relating to products, projects and systems for electricity transmission and related activities. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee before Board approval. The company has adopted hedge accounting as per Ind AS 109, recognizing fair value changes on derivatives designated as cash flow hedges in other comprehensive income.