GE Power India Limited has informed the Exchange about Transcript
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GE Power India reported its highest order intake since FY20, with FY25 orders nearly doubling to INR 2,183 crores (vs INR 1,171 crores in FY24) and order backlog rising to INR 2,662 crores (vs INR 1,587 crores). Q4 revenue grew 8% YoY to INR 266 crores, while full-year revenue was largely flat at INR 1,047 crores. The company swung to a full-year PBT of INR 224 crores (vs a loss of INR 177 crores), aided by an exceptional gain of INR 262 crores from the divestment of its Hydro and Gas businesses. Q4 underlying operations were weak, with negative EBITDA from continuing operations due to ~INR 30 crores of prolongation provisions on FGD EPC sites and gross margins of ~23%.
Shareholders get a mixed picture: strong order momentum, a debt-free balance sheet with INR 433 crores in net cash, and improving margin mix in the backlog are positives, but Q4 operational losses and management's refusal to give forward margin guidance may temper near-term sentiment. The exceptional gains from divestments have boosted reported earnings, so investors should focus on continuing-operations performance.