GE Vernova T&D India Limited — Q1FY27 earnings call summary

Filed 14 August 2026 · Official transcript

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