GE Vernova Q4 Profit Triples to ₹186.5 Crore

26 May 2025 , 11:26 PM

GE Vernova T&D India Ltd posted nearly three fold rise in net profit at ₹186.49 crore for the quarter ended March 2025 against net profit of ₹66.29 crore in the same quarter last year.

Total income for the March quarter increased to ₹1,173.65 crore from ₹919.31 crore in Q4 FY24 indicating continued spending on power infrastructure solutions. Its net profit for FY 25 rose over threefold to ₹608.33 crore, against ₹181.05 crore in FY24, reflecting a strong bottom-line performance.

The Board of Directors, has recommended a final dividend of ₹5/- per equity share (250% on the face value of ₹2/- each) for the last fiscal year ended March 31, 2025, which is subject to the approval of the shareholders at the forthcoming AGM. On account of approval, payment or dispatch of any dividend will be made within 30 days from the conclusion of the Annual General Meeting.

Its order bookings jumped sharply in the March quarter, They increased 124% year-on-year to ₹29.9 billion compared to ₹13.3 billion in the same period last year. Order bookings for full year FY25 increased 86% to ₹107.8 billion from ₹57.9 billion in FY24, which provides robust visibility of revenues or clear customer confidence.

The company’s top management attributed the performance to India’s continuing thrust to modernize its power infrastructure and GE’s technology-led initiatives fulfilling urgent grid requirements.

Sandeep Zanzaria, Managing Director & CEO, said, “The record margins and order-book that we have booked clearly demonstrate the Operational Excellence and the continued momentum to grow in India’s power landscape by GE Vernova.