GE Vernova T&D India on Friday (May 23) reported a nearly three-fold 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, a regulatory filing showed.
The total income in the quarter rose to ₹1,173.65 crore from ₹919.31 crore a year ago.
In 2024-25, its net profit increased to ₹608.33 crore from ₹181.05 crore in the preceding financial year.
The total income in the fiscal surged to ₹4,354.89 crore from ₹3,190.46 crore a year ago.
The board recommended a final dividend at the rate of 250% — ₹ five 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 modernizes 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.
Also Read: Several people injured in stabbing at Hamburg train station, police say
The company earned a net profit of ₹66.29 crore in the quarter ended March 2024, a regulatory filing showed.
The total income in the quarter rose to ₹1,173.65 crore from ₹919.31 crore a year ago.
In 2024-25, its net profit increased to ₹608.33 crore from ₹181.05 crore in the preceding financial year.
The total income in the fiscal surged to ₹4,354.89 crore from ₹3,190.46 crore a year ago.
The board recommended a final dividend at the rate of 250% — ₹ five 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 modernizes 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.
Also Read: Several people injured in stabbing at Hamburg train station, police say
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