Power stock jumps 3% after reporting 191% YoY increase in net profits

The shares of the leading player in power transmission company gained up to 3 percent after the company’s net profit and revenue stretched by 191 percent and 28 percent YoY, respectively in Q3FY25 

Price movement

With a market capitalization of Rs 44,459.92 crore, the shares of GE Vernova T&D India Ltd were trading at Rs  1,736.40  per share, increasing around 1.17 percent as compared to the previous closing price of Rs 1,716.85 apiece.

Reason for Rise

The shares of GE Vernova T&D India Ltd have seen bullish movement after reporting positive results in Q3FY25, revenue decreased by 3 percent on a quarter-on-quarter basis from Rs. 1,108 crore in Q2FY25 to Rs. 1,074 crore in Q3FY25. Further, revenue zoomed by 28  percent year on year, from Rs 839 crore in Q3FY24 to Rs. 1,074 crore in Q3FY25.

The company’s net profit decreased by 1 percent on a quarter-on-quarter basis, from Rs. 145 crore in Q2FY25 to Rs. 143 crore in Q3FY25. Further, net profit magnified significantly by 191 percent year on year from Rs 49 crore in Q3FY24 to Rs. 143 crore in Q3FY25.

Key Project

The company successfully commissioned key projects, including a 220 kV gas station for Hindalco in Jharsuguda completed within 12 months, the Gagad substation for ReNew enhancing the southern grid, and multiple 220 kV GIS Bays for customers like GETCO and WBSET.

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Order Book

The company reported robust order performance, with significant contributions from high-voltage product supply, Power Grid orders for load dispatch centers, and a 53% export share. Order bookings surged 333% YoY to ₹46.8 billion, while the backlog rose 57% to ₹98.4 billion. As Feb 2025, the company has Rs 1,07,809 million worth of orders in hand.

 Operational highlights

The company improved operational efficiency through on-time delivery, cost optimization, and lean processes. Key projects commissioned include a 400 kV UPPTCL transmission line at Sahupuri and substations for TPDDL in Delhi. Ongoing work with long-term clients strengthens its transmission network further.

Industry Overview

India’s expanding power transmission grid demands advanced T&D solutions, aligning with its Viksit Bharat 2047 vision for reliable electricity. Management remains optimistic, focusing on selective market engagement to prioritize clients with favorable payment terms and higher margins, minimizing exposure to high-risk markets.

Future Outlook and Guidance

Management is optimistic about sustainable order intake, focusing on long-term contracts. They anticipate HVDC project finalizations within three months, with an order value of $1-2 billion. The company plans to leverage digital solutions and automation, targeting high-margin segments for future growth.

Company profile

GE T&D India Limited is an India-based company that is engaged in the power transmission and distribution business. The Company’s business activity relates to products, projects, and systems for electricity transmission and related activities.

Written by:- Abhishek Singh

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