GE Vernova T&D India shares hit 10% upper circuit as Q4 profit jumps nearly threefold; check key numbers

The stock was locked in the 10% upper circuit band of ₹2,072.70 on the BSE.

The company on Friday reported a nearly threefold jump in its net profit to ₹186.49 crore for the March quarter, mainly on the back of higher revenues.

The company earned a net profit of ₹66.29 crore in the quarter ended March 2024.

The total income in the quarter rose to ₹1,173.65 crore from ₹919.31 crore logged a year ago.

In 2024-25, its net profit increased to ₹608.33 crore from ₹181.05 crore seen in the preceding financial year.

The total income in the fiscal year surged to ₹4,354.89 crore from ₹3,190.46 crore registered a year ago.

The board recommended a final dividend at the rate of 250% – ₹5 per equity share (face value of ₹2 each) for the financial year ended March 31, 2025, subject to the approval of the shareholders at the ensuing annual general meeting (AGM).

The dividend will be paid/dispatched within 30 days from the date of the AGM if approved.

According to a company statement, during the quarter, the order bookings jumped 124% to ₹29.9 billion against ₹13.3 billion in the year-ago period.

In FY25, order bookings were ₹107.8 billion compared to ₹57.9 billion in FY24, up 86%.

"Our robust performance in FY24-25 with a strong order book and significant margin expansion reflects continued robust demand for our technology as India modernises its power infrastructure. It also speaks to our unwavering commitment to operational efficiency and the significant potential we have for business growth," Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India, said.

GE Vernova T&D India Ltd is the listed entity of GE Vernova’s Electrification segment in India. With over 100 years of presence in the country, GE Vernova T&D India is a leading player in the power transmission and distribution business.

The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid and a wide range of products, including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support.

GE Vernova T&D India share price trend

Shares of the company have rallied 35% in the past 30 days and nearly 14% in the past six months.