FGD market stagnation post government notification
No new FGD orders have been placed since the Ministry notification limiting installations; only ~8 GW of category A remains, with slow progress.
high · management_commentary
GE Power India Limited — Q3 FY26
GE Power India delivered a strong Q3 FY26 with revenue of ₹386 crore, up 22% YoY, driven by core services growth of 21% YoY.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Dependence on one-off items for profitability
Q3 PBT included ₹84 crore of one-off reversals; normalized EBITDA margin for 9 months is only ~10%, indicating underlying profitability is still thin.
medium · data_observationExecution risk in turbine upgrade orders
Turbine upgrades are long-gestation projects (3-4 years), which could strain cash flows and delay revenue recognition.
medium · analyst_questionNCLT approval delay for demerger
The demerger of Durgapur facility to JSW Energy is subject to multiple approvals; any delay could impact the planned asset-light strategy.
medium · management_commentary