GE Power India Management Guidance Tracker

7 forward-looking guidance items tracked across 2 quarters.

Margins

Q3 FY26Double-digit EBITDA margin targetActive

Management targets normalized EBITDA margin of 10%+ for FY26 and going forward, with Q3 normalized margin at ~14.5%.

Q4 FY26Normalized EBITDA margin base set at 11% for FY26Active

Management indicated that the normalized EBITDA margin (excluding one-offs) for FY26 was 11% and expects to at least maintain this level going forward.

Revenue

Q3 FY26Revenue CAGR of 5-8% over next two yearsTracked

Company expects top-line growth of 5-8% compounded annually, driven by core services growth offsetting EPC decline.

Growth

Q3 FY26Core services mix to reach 80% in 2+ yearsTracked

Volume mix of core services expected to rise from ~60% in next two years to ~80% thereafter.

Q4 FY26Core services order growth expected to continueActive

Management expects core services orders to grow further, targeting increased market share from current 18%.

Other

Q3 FY26BHL collections of ₹340 crore by FY26 endActive

Total expected collection from BHL settlement is ₹340 crore, with ₹216 crore already received as of reporting date.

Q4 FY26Durgapur demerger to close within 12 monthsTracked

The demerger of Durgapur facility to JSW Energy is targeted to close within 12 months from March 31, 2026, with a goal of completion within calendar 2026.