“We would like to inform you that GE Vernova T&D India Limited (‘the Company’) has received an order from Power Grid Corporation of India Limited,” GE Vernova T&D India said in a regulatory filing. The orders, which involve transformers and reactors of various capacities, are to be executed within 36 months.
Upbeat Q3
GE Vernova T&D India reported an 189% year-on-year (YoY) jump in net profit at ₹142.7 crore for the third quarter that ended on December 31, 2024, over ₹49.3 crore in Q3FY24. The CNBC-TV18 poll had predicted a profit of ₹134 crore for the quarter under review.Also Read: GE Power secures ₹273.5-crore additional contract for Greenko’s Saundatti hydro project
Revenue from operations increased 27.8% to ₹1,073.7 crore against ₹840 crore in the year-ago period. The CNBC-TV18 poll had predicted revenue of ₹1,157 crore for the quarter under review.
The company’s EBITDA jumped 84.1% to ₹179.7 crore in the third quarter of this fiscal year over ₹96.5 crore YoY. The CNBC-TV18 poll had predicted an EBITDA of ₹193 crore for the quarter under review.
The EBITDA (earnings before interest, tax, depreciation, and amortisation) margin stood at 16.7% in the reporting quarter compared to 11.5% in the year-ago quarter. The CNBC-TV18 poll had predicted a margin of 16.7% for the quarter under review.
Also Read: Azad Engineering wins ₹960-crore contract from US-based GE Vernova
Shares of GE Vernova T&D India Ltd ended at ₹1,360, up by ₹52.50, or 4.02%, on the BSE.
(Edited by : Shoma Bhattacharjee)
