GE Vernova T&D India Limited (formerly known as GE T&D India Limited) has announced its Q3 FY25 financial results, reporting a strong revenue growth of 27.9% year-on-year (YoY) and a net profit surge of 189% YoY. The company’s board approved the unaudited results at a meeting held today.
Financial Highlights (Q3 FY25 vs. Q3 FY24):
- Revenue from operations: ₹1,073.65 crore, up 27.9% from ₹838.98 crore in Q3 FY24.
- Net profit: ₹142.68 crore, up 189% from ₹49.35 crore in Q3 FY24.
- Total income: ₹1,099.45 crore, up from ₹834.72 crore YoY.
- Total expenses: ₹909.56 crore, compared to ₹761.76 crore in the same quarter last year.
Key Business Developments:
- The company continued its focus on electricity transmission and related projects, which remains its core business segment.
- Other income saw a significant increase to ₹25.8 crore, from a negative ₹4.26 crore in Q3 FY24.
- Promoters sold 2.14 crore equity shares at an average price of ₹1,686.7 per share, bringing their holding to 51% as of December 31, 2024.
- Hedge accounting, adopted since April 1, 2023, resulted in a gain of ₹123.65 crore in other comprehensive income for the quarter.
In another major development, Ms. Shweta Mehta (Membership No. A-18600) has been appointed as Senior Managerial Personnel from February 5, 2025, and will officially assume the role of Company Secretary & Compliance Officer from February 6, 2025.
With strong revenue growth, improved profitability, and strategic leadership changes, GE Vernova T&D India Limited remains optimistic about its growth trajectory. Investors and stakeholders can access the full financial results on the company’s website.
