GE Power India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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GE Power India reported audited results for FY25 with standalone revenue from continuing operations at Rs. 10,471 million (vs Rs. 10,386.7 million in FY24, marginal growth). The company swung to a net profit of Rs. 1,918.1 million for FY25 from a loss of Rs. 1,770.8 million in FY24, primarily driven by exceptional gains of Rs. 2,953.3 million from the slump sale of its Gas business (gain of Rs. 583.4 million) and Hydro business (gain of Rs. 2,369.9 million) to fellow GE group subsidiaries. Continuing operations remain loss-making at Rs. 380.2 million before tax, though losses have narrowed sharply from Rs. 1,423.7 million last year. Deloitte issued an unmodified audit opinion with an Emphasis of Matter on the slump sale transactions. The Board did not recommend any dividend, and announced leadership change with Mr. Mahesh Palashikar retiring as Chair and Mr. Craig Martin Richards taking over from August 15, 2025.
The headline profit turnaround is largely driven by one-time divestment gains from selling two business units to related GE group entities, not from core operations which are still loss-making. Shareholders get no dividend, and the ongoing business is now narrower (focused on power generation equipment/services) with a stronger balance sheet — cash more than tripled to Rs. 4,383 million and borrowings were fully repaid.