GE Vernova T&D India Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GE Vernova T&D India Limited posted Q4 revenue of ₹1,150 Cr, up 26% YoY, and FY revenue of ₹4,290 Cr, up 35%. EBITDA margin expanded to 21.9% in Q4 and 19.1% for FY, with profit before tax tripling to ₹820 Cr. Order book doubled to ₹12,660 Cr, aided by large transformer wins and 30% export share growth. Management plans ₹140 Cr capex to enhance HVDC valve and controls capacity. Focus remains on higher-margin products, portfolio diversification, and leveraging India’s 35% transmission capacity growth by FY32. Tone is confident with stable pricing and disciplined cash flow.