Shares of GE Vernova T&D India Ltd surged 5% to ₹2,597 in early trade on Tuesday after the company posted a robust set of numbers for the June quarter.
The company reported a net profit of ₹291 crore, more than doubling from ₹134 crore in the year-ago period. Revenue rose 39% YoY to ₹1,330 crore, up from ₹958 crore last year, reflecting strong operational execution.
Notably, the EBITDA margin expanded to 29% from 19%, signalling a sharp improvement in cost efficiency and operating leverage.
At 9:16 AM, the stock was trading at ₹2,597, up ₹123.60 or +5.00%, hitting the upper circuit for the day.
Disclaimer: This article is for informational purposes only and is based on publicly available financial disclosures. It does not constitute investment advice. Investors are advised to consult with certified financial advisors before making investment decisions.
