GE Power India Limited has informed the Exchange about Transcript
GVPIL · price
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Awaiting price reaction for this filing.
GE Power India reported Q3 FY26 revenue of INR 386 crores, up 22% year-on-year from INR 317 crores, with profit before tax from continuing operations of INR 131 crores versus INR 23 crores in the year-ago quarter. Headline profits were lifted by roughly INR 84 crores of one-off items, including a INR 37 crore BHEL ECL provision reversal, a INR 22 crore Solapur settlement gain, and a INR 25 crore Jaypee Bina and Nigrie settlement. The order book stood at INR 1,671 crores (down from INR 2,662 crores in March 2025 due to FGD contract terminations), with core services orders rising 21% year-on-year and providing about two years of execution visibility. Management guided to a double-digit normalized EBITDA, 5–8% revenue CAGR over the next two years, and a target of shifting the revenue mix from 60% to 80% core services. The Durgapur facility demerger to JSW Energy is awaiting NCLT approval, expected later in calendar 2026, which will reposition the company as an asset-light, service-led business.
The narrowing losses, growing core services share, and closure of legacy receivables are positive for shareholders, but the steep order book decline and heavy reliance on one-offs to hit headline profits warrant caution. Stock will likely track progress on sustained core services growth and the NCLT clearance of the JSW Energy demerger.