GE VERNOVA T&D INDIA LTD (GVT&D) financials

GE VERNOVA T&D INDIA LTD (GVT&D) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid.[1]

Market Cap: ₹1,02,932Cr.
Current Price: ₹4,020
Stock P/E: 69.4
ROE: 57.4%
ROCE: 77.4%
Book Value: ₹129
Dividend Yield: 0.25%
52W High / Low: ₹5,650/2,523

In Sep 2026, GE VERNOVA T&D INDIA LTD (GVT&D) reported sales ₹2,027 Cr and net profit ₹431 Cr.

Annual TTM: sales ₹7,201 Cr, net profit ₹1,437 Cr.

Shareholding: Promoters 51.00% (Sep 2026), FIIs 19.16% (Sep 2026), DIIs 22.18% (Sep 2026), Public 7.67% (Sep 2026), No. of Shareholders 1,53,699% (Sep 2026).

GVT&D quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,074	1,153	1,330	1,538	1,701	1,637	1,836	2,027
Expenses	894	900	943	1,142	1,246	1,192	1,375	1,477
Operating Profit	180	252	388	396	455	445	461	550
OPM %	17%	22%	29%	26%	27%	27%	25%	27%
Other Income	26	21	16	19	-51	43	42	50
Interest	4	6	3	2	3	7	3	8
Depreciation	12	11	11	12	12	12	12	12
Profit before tax	190	256	390	401	390	469	487	580
Tax %	25%	27%	25%	25%	25%	25%	25%	26%
Net Profit	143	186	291	299	291	352	363	431
EPS in Rs	5.57	7.28	11.37	11.70	11.36	13.74	14.18	16.85
Raw PDF	—	—	—	—	—	—	—	—

GVT&D profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,159	3,452	3,066	2,773	3,168	4,292	6,206	7,201
Expenses	3,354	3,282	3,155	2,652	2,836	3,461	4,500	5,291
Operating Profit	-195	171	-89	121	332	831	1,706	1,910
OPM %	-6%	4.9%	-2.9%	4.4%	10%	19%	28%	27%
Other Income	5	69	136	22	22	62	25	85
Interest	87	84	59	61	41	27	35	21
Depreciation	78	66	58	55	50	47	46	48
Profit before tax	-356	89	-69	27	263	820	1,650	1,926
Tax %	-15%	32%	-29%	106%	31%	26%	25%	—
Net Profit	-303	60	-50	-1	181	608	1,233	1,437
EPS in Rs	-11.82	2.36	-1.94	-0.06	7.07	23.76	48.17	56.13
Dividend Payout %	0%	0%	0%	0%	28%	21%	21%	—

GVT&D balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	51	51	51	51	51	51	51	51
Reserves	1,000	1,071	1,029	1,022	1,192	1,722	2,639	3,244
Borrowings	599	316	226	273	42	35	24	28
Other Liabilities	2,503	2,664	2,461	2,333	2,300	2,853	5,025	5,367
Total Liabilities	4,154	4,102	3,767	3,679	3,584	4,661	7,739	8,689
Fixed Assets	538	494	457	421	401	379	412	399
CWIP	12	22	9	9	11	47	65	115
Investments	0	0	0	0	0	0	0	0
Other Assets	3,604	3,587	3,302	3,250	3,173	4,234	7,262	8,174
Total Assets	4,154	4,102	3,767	3,679	3,584	4,661	7,739	8,689

GVT&D cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-355	-260	311	8	-37	518	904	1,710
Cash from Investing Activity	287	-30	12	116	3	-172	-495	-509
Cash from Financing Activity	-114	290	-324	-102	9	-259	-69	-147
Net Cash Flow	-182	-0	-1	22	-26	87	339	1,054
Free Cash Flow	-362	-292	324	-17	-54	489	816	1,521
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-51%	99%	194%	-35%	-7%	162%	133%	129%

GVT&D shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%	51.00%
FIIs	12.04%	13.04%	14.49%	16.15%	18.46%	20.39%	22.89%	19.16%
DIIs	28.40%	28.18%	26.75%	25.20%	23.27%	21.39%	18.46%	22.18%
Public	8.55%	7.77%	7.74%	7.66%	7.26%	7.22%	7.65%	7.67%
No. of Shareholders	87,000	82,054	90,663	1,02,934	1,03,226	1,10,662	1,38,122	1,53,699

GVT&D key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	175	219	201	186	204	166	125	128
Inventory Days	136	177	143	159	119	103	100	132
Days Payable	247	272	275	283	197	156	146	170
Cash Conversion Cycle	63	125	69	62	127	114	79	90
Working Capital Days	48	20	23	13	20	29	35	6
ROCE %	31%	-14%	11%	-9%	8%	23%	55%	77%

GVT&DUpdated 31 Oct 2026, 13:15

Ge Vernova T&d India Ltd

GVT&DUpdated 31 Oct 2026, 13:15

Market Cap

₹1,02,932Cr.

Current Price

₹4,020

High / Low

₹5,650/2,523

Stock P/E

69.4

ROE57.4%

ROCE77.4%

Book Value₹129

Face Value₹2.00

Dividend Yield0.25%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2023	698	7	637	9	13	50	26	37	1.45
Dec 2023	839	7	742	-4	12	73	32	49	1.93
Mar 2024	914	3	803	6	12	101	34	66	2.59
Jun 2024	958	2	776	12	12	180	25	135	5.25
Sep 2024	1108	3	903	4	12	194	25	145	5.65
Dec 2024	1074	4	894	26	12	190	25	143	5.57
Mar 2025	1153	6	900	21	11	256	27	186	7.28
Jun 2025	1330	3	943	16	11	390	25	291	11.37
Sep 2025	1538	2	1142	19	12	401	25	299	11.7
Dec 2025	1701	3	1246	-51	12	390	25	291	11.36
Mar 2026	1637	7	1192	43	12	469	25	352	13.74
Jun 2026	1836	3	1375	42	12	487	25	363	14.18
Sep 2026	2027	8	1477	50	12	580	26	431	16.85

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	3711	91	3379	11	82	170	29	121	4.71
Mar 2016	3303	107	3197	142	86	56	38	34	1.35
Mar 2017	4052	182	3996	141	88	-73	18	-87	-3.38
Mar 2018	4332	106	4057	239	90	319	35	209	8.15
Mar 2019	4219	85	3765	49	83	335	36	213	8.31
Mar 2020	3159	87	3354	5	78	-356	-15	-303	-11.82
Mar 2021	3452	84	3282	69	66	89	32	60	2.36
Mar 2022	3066	59	3155	136	58	-69	-29	-50	-1.94
Mar 2023	2773	61	2652	22	55	27	106	-1	-0.06
Mar 2024	3168	41	2836	22	50	263	31	181	7.07
Mar 2025	4292	27	3461	62	47	820	26	608	23.76
Mar 2026	6206	35	4500	25	46	1650	25	1233	48.17
TTM	7201	21	5291	85	48	1926	—	1437	56.13

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	51%
FIIs	19.16%
DIIs	22.18%
Public	7.67%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	75%	0.69%	16.11%	—	8.2%
Mar 2024	75%	1.2%	15.84%	—	7.96%
Jun 2024	75%	2.04%	14.96%	—	8%
Sep 2024	59.38%	6.82%	25.61%	—	8.19%
Dec 2024	51%	12.04%	28.4%	—	8.55%
Mar 2025	51%	13.04%	28.18%	—	7.77%
Jun 2025	51%	14.49%	26.75%	—	7.74%
Sep 2025	51%	16.15%	25.2%	—	7.66%
Dec 2025	51%	18.46%	23.27%	—	7.26%
Mar 2026	51%	20.39%	21.39%	—	7.22%
Jun 2026	51%	22.89%	18.46%	—	7.65%
Sep 2026	51%	19.16%	22.18%	—	7.67%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	51	1261	280	2900	4492	687	70	3735	4492
Mar 2016	51	1127	504	3090	4772	684	33	4055	4772
Mar 2017	51	982	518	3563	5114	656	25	4433	5114
Mar 2018	51	1138	100	3479	4769	586	18	4165	4769
Mar 2019	51	1377	81	2688	4196	513	5	3679	4196
Mar 2020	51	1000	599	2503	4154	538	12	3604	4154
Mar 2021	51	1071	316	2664	4102	494	22	3587	4102
Mar 2022	51	1029	226	2461	3767	457	9	3302	3767
Mar 2023	51	1022	273	2333	3679	421	9	3250	3679
Mar 2024	51	1192	42	2300	3584	401	11	3173	3584
Mar 2025	51	1722	35	2853	4661	379	47	4234	4661
Mar 2026	51	2639	24	5025	7739	412	65	7262	7739
Sep 2026	51	3244	28	5367	8689	399	115	8174	8689

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	502	-137	-320	45
Mar 2016	-91	-50	120	-20
Mar 2017	188	-47	-131	11
Mar 2018	1054	-306	-585	163
Mar 2019	-355	287	-114	-182
Mar 2020	-260	-30	290	0
Mar 2021	311	12	-324	-1
Mar 2022	8	116	-102	22
Mar 2023	-37	3	9	-26
Mar 2024	518	-172	-259	87
Mar 2025	904	-495	-69	339
Mar 2026	1710	-509	-147	1054

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	211	228	205	152	175	219	201	186	204	166	125	128
Inventory Days	292	511	542	234	136	177	143	159	119	103	100	132
Days Payable	766	823	805	389	247	272	275	283	197	156	146	170
Cash Conversion Cycle	-262	-84	-58	-4	63	125	69	62	127	114	79	90
Working Capital Days	50	22	-2	-18	48	20	23	13	20	29	35	6
ROCE %	16%	10%	7%	30%	31%	-14%	11%	-9%	8%	23%	55%	77%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GE VERNOVA T&D INDIA LTD (GVT&D)?

The reported market capitalisation for GE VERNOVA T&D INDIA LTD (GVT&D) is ₹1,02,932Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GVT&D?

The current price shown for GE VERNOVA T&D INDIA LTD (GVT&D) on Fincrux is ₹4,020 with a 52-week high/low of ₹5,650/2,523.

What is the P/E ratio of GE VERNOVA T&D INDIA LTD (GVT&D)?

The stock P/E for GE VERNOVA T&D INDIA LTD (GVT&D) is 69.4 on Fincrux, with ROE at 57.4% and ROCE at 77.4%.

What were GVT&D latest quarterly results?

For Sep 2026, GE VERNOVA T&D INDIA LTD (GVT&D) reported sales ₹2,027 Cr and net profit ₹431 Cr (figures in ₹ crore unless noted).

What are GVT&D annual sales and net profit?

For TTM, GE VERNOVA T&D INDIA LTD (GVT&D) shows sales of ₹7,201 Cr and net profit of ₹1,437 Cr on the Fincrux profit & loss statement.

Who owns GE VERNOVA T&D INDIA LTD (GVT&D)?

Latest shareholding for GE VERNOVA T&D INDIA LTD (GVT&D) on Fincrux: Promoters 51.00% (Sep 2026), FIIs 19.16% (Sep 2026), DIIs 22.18% (Sep 2026), Public 7.67% (Sep 2026), No. of Shareholders 1,53,699% (Sep 2026).

Where can I find GE VERNOVA T&D INDIA LTD (GVT&D) financials?

GE VERNOVA T&D INDIA LTD (GVT&D) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GVT&D balance sheet and cash flow?

Yes. The GE VERNOVA T&D INDIA LTD (GVT&D) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 31 October 2026 at 13:15