GE Vernova Q1 Results: Shares Surge to Record High, Analysts See More Upside

GE Vernova shares hit a record high after Q1 results showed a 116.44% YoY increase in net profit to ₹291.20 crore and a 38.8% YoY rise in revenue to ₹1,330.13 crore. The stock surged 5% to ₹2,597, the biggest intraday gain since July 17. Analysts see additional upside from high-voltage direct current opportunities and raised FY26/FY27 EPS estimates by 6% and 3%, respectively.

GE Vernova, a leading player in the power transmission and distribution business, has reported a significant surge in its financial performance for the first quarter of the fiscal year 2026 (FY26). The company's net profit more than doubled to Rs 291.2 crore, representing an impressive 116.44% year-over-year (YoY) increase [1]. Additionally, revenue jumped by 38.8% YoY to Rs 1,346.4 crore, highlighting the company's robust growth trajectory.

The strong results were driven by higher revenues and increased order bookings, reflecting the company's ability to capitalize on India's grid modernization efforts. Sandeep Zanzaria, Managing Director & CEO of GE Vernova T&D India, attributed the success to "continued momentum as India modernizes its grid to improve reliability, accommodate renewable energy sources, and meet increasing electricity demands from various sectors" [1].

The company's EBITDA also improved, rising to Rs 387.6 crore from Rs 182.2 crore in the same quarter of the previous fiscal year. This significant increase underscores GE Vernova's operational efficiency and profitability. The order bookings stood at Rs 1,620 crore as of June 2025, providing a strong foundation for future growth.

Investors reacted positively to the news, with GE Vernova's stock surging 5% to Rs 2,597, the biggest intraday gain since July 17. Analysts have expressed optimism about the company's potential, citing high-voltage direct current opportunities and raised earnings per share (EPS) estimates for FY26 and FY27 by 6% and 3%, respectively.

GE Vernova's strong performance is a testament to its ability to adapt to the evolving energy landscape. The company's diverse product offerings, including power transformers, circuit breakers, and gas-insulated switchgear, have positioned it well to meet the growing demand for reliable and efficient power solutions.

Despite the positive outlook, investors should be mindful of potential challenges. The company's Wind segment has shown underperformance compared to other divisions, and recent changes in tariffs have created some uncertainty. However, GE Vernova's robust order book and strong financial position suggest that it is well-equipped to navigate these challenges.

In conclusion, GE Vernova's Q1 FY26 results demonstrate the company's strong financial performance and growth potential. As the company continues to invest in expanding its manufacturing capabilities and capitalizing on high-voltage direct current opportunities, investors can expect to see further gains in the coming quarters.

References:
[1] https://money.rediff.com/news/market/ge-vernova-q1-profit-soars-to-rs-291-cr/31014920250729