GE Vernova T&D India

GE Vernova T&D India delivered a stellar Q3 FY26 with revenue surging 58% YoYCurrent reported value: 58% YoY. No comparable prior figure is available in the source record. to ₹1,700Current reported value: 1,700. No comparable prior figure is available in the source record. crore, driven by strong execution of a robust order book. EBITDA margin expanded to 26.7%Current reported value: 26.7%. No comparable prior figure is available in the source record. (9M: 27.1%), aided by volume growth, better pricing, and operational leverage. Order inflows of ₹2,940 crCurrent ₹2,940 Cr. Reported change: +41% YoY.ore (up 41% YoYCurrent reported value: 41% YoY. No comparable prior figure is available in the source record.) pushed the order backlog to a record ₹14,380 croreCurrent ₹14,380 crore. Reported change: +10% QoQ., providing multi-year visibility. The company won a large HVDC project from Adani (to be booked on milestone achievement) and expects the Barmer-Kutch HVDC order to finalize in H2 FY27. Management guided for margins to sustain at the higher end of mid-20s, with no major dilution expected. Key risk: potential Chinese competition in T&D, though management downplayed near-term impact due to localization hurdles.