GE Power India (532309) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 continuing-operations total income was INR 3,425.1 million, up 11.6% YoY; continuing PBT before exceptional items was INR 529.8 million.

• Q2 net profit was INR 327.9 million standalone and INR 276.7 million consolidated, including losses from discontinued operations.

• Core Services orders grew 38% YoY, while period-end backlog declined 16.3% YoY to INR 15,273 million.

Financial highlights

• Q2 revenue from operations was INR 3,112.3 million vs INR 2,805.2 million YoY; total income was INR 3,425.1 million vs INR 3,069.6 million.

• Q2 standalone continuing PBT was INR 529.8 million vs INR 461.0 million YoY; continuing PAT was INR 497.7 million vs INR 461.0 million.

• Q2 consolidated continuing PAT was INR 446.5 million; net profit for the period was INR 276.7 million vs INR 323.6 million YoY.

• H1 standalone total income was INR 6,830.8 million; net profit was INR 853.4 million vs INR 620.4 million YoY.

• H1 consolidated total income was INR 6,830.8 million; net profit was INR 814.0 million vs INR 670.8 million YoY.

Outlook and guidance

• Management cited positive momentum from Core Services, international expansion and operational profitability, with commitment to build on progress in coming quarters.

• Durgapur demerger completion is expected within 12 months of the reporting period, subject to conditions precedent and filing the NCLT order with the Registrar of Companies.