GE Vernova T&D India Limited — Q1FY27 Earnings Call Summary

GVT&D · Q1FY27 · Filed 14 Aug 2026

Key Takeaways

• Gross margin at 41.3%, down 4% from FY26 due to lower exports, commodity prices, and HV business ramp-up
• Q1 FY27 revenue grew 38% y-y to INR18.4bn; order book at INR11.4bn, down 30% y-y
• Capex plan INR10bn announced; INR2.5bn dividend proposed
• EBITDA margin steady at 25.1%, mid-20s guidance maintained for FY27
• Profit before tax INR4.9bn, up from INR3.9bn in Q1 FY26
• Management confident of INR7,000-8,000cr base orders for FY27
• Cash balance INR29.3bn with plans for utilization under evaluation
• HVDC pipeline strong but slightly delayed; data center orders currently small but pipeline growing
• Order backlog INR209bn, 3+ years of revenue, down 2.5% q-q
• Export orders 46% of Q1 intake; private customers 77% of backlog

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.