GE Vernova T&D India Limited — Investor Meet, 14-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GE Vernova T&D India reported Q1 FY27 revenue up 38% YoY to ₹1,840 Cr, with PBT at ₹490 Cr. Order intake was ₹1,140 Cr, down 30% YoY due to a softer TBCB market, though exports made up 46%. The order backlog remains robust at ₹20,930 Cr, ensuring over 3 years of revenue visibility. Gross margins were 41.3%, while EBITDA stood at 25.1%, aligning with mid-20s guidance. Cash reserves are ₹2,930 Cr, with ₹1,000 Cr allocated for capex and ₹250 Cr for dividends. Management sees an improving domestic TBCB pipeline and remains confident on ₹7,000-8,000 Cr base orders for the year, leveraging India's energy transition and global demand. Strategic RPT orders are delayed but not lost.