GE Vernova shares decline over 8% despite Q1 earnings growth; here’s what investors should know

Power transmission and distribution solutions provider GE Vernova T&D India shares declined more than 8% after the opening bell on Thursday, August 6, as investors focused on the company’s shrinking margins despite Q1 earnings growth for the financial year 2026-27.

Shares of GE Vernova dropped 8.1% to their early market low of ₹4,051 apiece on Thursday’s market session, compared to ₹4,410 apiece at the previous equity market close, as per NSE data.

The company announced its Q1 earnings report on Wednesday night, August 5, which showed investors reacting to the financial performance of the firm on Thursday’s market.

Although the overall revenue and net profit witnessed a healthy rise in the April to June quarter, the EBITDA margins remained under pressure due to the higher raw material and input costs in the period under review.

After dropping to the intraday low, GE Vernova shares recovered some of their losses but were trading 7.3% lower at ₹4,265.20 apiece during the morning trading hours on August 6.

Why did GE Vernova shares fall 8% today?

GE Vernova shares dropped over 8% after the opening bell as investors were focused on the company’s declining margins in the April to June quarter of the financial year 2026-27, despite earnings growth.

NSE filings data showed that the company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) margins contracted by 405 basis points to 25.09% in the June quarter, in comparison to 29.14% in the same period last year.

The contraction in EBITDA margin comes amid the company’s 51% surge in raw material and input costs to ₹1,090 crore in the first quarter, from ₹721 crore in the same period of the previous financial year.

However, in contrast, the company’s operational-level EBITDA advanced around 19% to ₹461 crore in the period under review, from ₹388 crore in the corresponding quarter of the previous year.

How did GE Vernova perform in Q1 earnings?

Despite a contraction in EBITDA margins, the overall earnings remained positive as the consolidated statements showed that GE Vernova’s net profit after tax (PAT) rose by 24.6% to ₹363 crore in the first quarter of FY27, compared year-on-year (YoY) with ₹291 crore in the same period a year earlier.

The company’s consolidated revenue from core operations advanced 39% YoY to ₹1,836 crore in the June quarter, in comparison to ₹1,330 crore in the same period a year earlier, as per the exchange filing.

NSE filings also showed that the company’s order bookings declined 30% YoY to ₹1,140 crore in the quarter ended June 2026, compared to ₹1,620 crore as of the quarter ended June 2025.

“To better serve our customers, we are investing in capex to strengthen our capabilities across HVDC, transformers and reactors, gas-insulated switchgear, circuit breakers, instrument transformers, disconnectors, bushings, and air-core reactors,” said Sandeep Zanzaria, Managing Director & CEO of GE Vernova T&D India.

GE Vernova share performance

GE Vernova shares have delivered more than 2,917% returns to investors in the last five years, over 1,450% gains in the last three years, and more than 45% returns on their investment in the past one year period.

NSE data showed that on a year-to-date (YTD) basis, the company’s stock has risen 28.8% as of Thursday’s trading session. However, the shares have lost 10.4% in one month and were trading 3% lower in the last five market sessions.

Shares of GE Vernova hit their 52-week high of ₹5,650 on June 23, 2026, while the 52-week low was at ₹2,523.20 on January 21, 2026. The company’s market capitalisation (m-cap) was at more than ₹1.09 lakh crore as of the trading session on Thursday, August 6, 2026.