SYNOPSIS: GE Vernova T&D India reported strong Q2 FY26 results with 39 percent YoY revenue growth and a 107 percent rise in net profit. The company also announced Rs. 806 crore capacity expansion across key facilities.
Shares of one of the leading players in the power transmission and distribution business surged nearly 9.4 percent to hit a new 52-week high at Rs. 3,323.7 on BSE, after reporting Q2 FY26 financial results with a rise in PAT by around 3 percent QoQ and 107 percent YoY, along with the Board’s approval of a Rs. 806 crores capacity expansion plan.
At 03:11 p.m., shares of GE Vernova T&D India Limited were trading in green at Rs. 3,156.3 on BSE, up by around 4 percent, compared to its previous closing price of Rs. 3,038.95, with a market cap of Rs. 80,816 crores.
The stock has delivered positive returns of around 81 percent in one year, and has gained by over 98 percent in the last six months.
What’s the News:
GE Vernova T&D India Limited announced the financial results for the second quarter of FY26 on Monday during market hours, as per the latest regulatory filings with the stock exchanges.
For Q2 FY26, the company reported a revenue from operations of Rs. 1,538.5 crores, reflecting a significant rise of nearly 16 percent QoQ compared to Rs. 1,330 crores in Q1 FY26, as well as a year-on-year increase of around 39 percent from Rs. 1,107.7 crores recorded in Q2 FY25.
During the same period, net profit stood at Rs. 299.5 crores, indicating a marginal growth of around 3 percent QoQ from Rs. 291 crores in Q1 FY26, and an increase on a year-on-year basis by more than 107 percent from Rs. 144.6 crores reported in Q2 FY25.
The company reported order bookings of Rs. 1,610 crore for the quarter, marking a sharp decline of 66 percent year-on-year compared to Rs. 4,680 crore recorded in the same period last year.
Additionally, the company announced plans to invest Rs. 806 crore towards expanding existing capacities for Transformers & Reactors at Vadodara facility and GIS & AIS products at Padappai and Hosur sites. As part of this expansion, new manufacturing lines for Air Core Reactors and Bushings will also be established at the existing Hosur facility. The investment of Rs. 806 crore is in addition to the Rs. 140 crore announced earlier in May 2025.
This investment is expected to increase transformer and reactor capacity by over 50 percent and GIS & AIS capacity by up to 25 percent. The project is scheduled for completion over a 3-year period (2026-2028) and will be funded entirely through internal accruals. The company stated that this strategic investment will strengthen its ability to cater to rising demand in the power transmission and distribution equipment sector and enhance its presence in both domestic and export markets.
GE Vernova T&D India Limited is a listed arm of GE Vernova’s Electrification segment in India and a leading player in the power transmission and distribution business. It provides a wide range of products, including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support.
Written by Shivani Singh
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