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GVPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.3 pts more than Nifty Microcap 250 and 8.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GE Power India reported strong FY2026 results with standalone revenue from operations growing 21.2% to ₹12,693 million from ₹10,471 million in FY2025. Net profit from continuing operations surged to ₹3,061 million vs ₹225 million in prior year, driven largely by a ₹1,050 million reversal of loss allowances following the BHEL settlement (₹3,430.6 million received). Net profit after tax stood at ₹2,363.6 million vs ₹1,918.1 million. The company completed the sale of its Gas Power business (Sep 2024) and Hydro business (Mar 2025), and has proposed demerger of its Durgapur facility to JSW Energy (pending approvals). An exceptional charge of ₹275.7 million was recorded for new Labour Code provisions. Operating cash flow from continuing operations was strongly positive at ₹4,692.5 million. Auditors Deloitte Haskins & Sells issued an unmodified (clean) opinion. Board recommended dividend of ₹7 per share.
The clean audit opinion and strong profitability from continuing operations are positives for shareholders. The BHEL settlement and labour code provision impact were one-time in nature. The proposed demerger of Durgapur facility to JSW Energy adds near-term uncertainty pending approvals.