GE Power India Limited — Investor Meet, 24-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GE Power India's Q3 FY26 revenue rose 22% YoY to `386 Cr`. Profit before tax from continuing operations jumped to `131 Cr`, supported by `84 Cr` in one-off settlements. Normalized Q3 EBITDA was ~14.5%, with 9-month EBITDA at ~10%. The company’s strategic shift to high-margin, short-cycle core services is working, with core orders up 21% YoY to `136 Cr`, now comprising 53% of new orders. The order backlog stands at `1,671 Cr` (2 years visibility), despite `775 Cr` from FGD project terminations. Management targets double-digit EBITDA and 5-8% compounded top-line growth, driven by core services and selective upgrades, while streamlining operations with the Durgapur demerger. Sentiment: Confident on sustained profitability.