GE Power India (532309) Q1 26/27 earnings summary

Executive summary

• Total income from continuing operations for Q1 FY27 was INR 3,405.7 million, a 0.2% increase year-over-year from INR 3,398.3 million.

• Profit before tax and exceptional items from continuing operations rose to INR 688.2 million, up from INR 440.2 million year-over-year.

• Profit after tax and exceptional items for the quarter was INR 525.5 million, compared to INR 316.1 million in the same quarter last year.

• EBITDA margin before exceptional items improved to 22.5% from 15.6% year-over-year.

• Order backlog at quarter-end was INR 15,454 million, down 41.4% year-over-year due to contract terminations.

Financial highlights

• Revenue from operations for Q1 FY27 was INR 3,086.9 million, compared to INR 2,867.3 million in Q1 FY26.

• Total expenses for the quarter were INR 2,717.5 million, down from INR 2,958.1 million year-over-year.

• Net profit for the period was INR 525.5 million, up from INR 316.1 million year-over-year.

• Basic and diluted EPS from continuing and discontinued operations was INR 7.82, compared to INR 4.70 in Q1 FY26.

Outlook and guidance

• Management highlights a strategic pivot to higher-margin, shorter-cycle projects with lower working capital requirements, aiming for sustainable profitability.

• The company expects continued benefits from operational excellence and a leaner, more focused portfolio.