Shares of GE Vernova T&D India Ltd. pared most of their early losses on Thursday, August 6, after the company reported a mixed set of earnings for the June quarter (Q1FY27). The stock had fallen as much as 6% in early trade before recovering to trade around 1% lower.
The company’s June-quarter performance beat Street estimates on both revenue and net profit. However, margins disappointed and fell to their lowest level since Q4FY25.
Order inflows also came in below the company’s quarterly run-rate, declining 30% year-on-year to ₹1,140 crore from ₹1,620 crore.
The company attributed the margin pressure to cost inflation and a lower contribution from exports during the quarter.Despite the near-term margin headwinds, GE Vernova said it continues to invest in expanding its manufacturing capabilities across high-voltage direct current (HVDC) systems, transformers and reactors, switchgear, circuit breakers, instrument transformers, disconnectors, bushings and air-core reactors to support future growth.
