GE Vernova T&D India jumps on Q3 profit surge

GE Vernova T&D India

29/01/2026 05:16

** Shares of GE Vernova T&D India GETD.NS rise 8.8% to 3,162 rupees

** Power distributor's Q3 PAT up 17.1% at 2.91 billion rupees; rev up 58% y/y

** The Indian unit of GE Vernova GEV.N said its Q3 order bookings were up 41% y/y at 29.4 billion rupees

** PhillipCapital says orders remained strong with no slowdown across central utilities or the expanding Tariff Based Competitive Bidding (TBCB) pipeline, supporting solid visibility into FY27, which management expects to be a stronger ordering year

** Analysts have a "Buy" rating on avg; median PT is 3,680 rupees - data compiled by LSEG

** GETD up ~1% so far in Jan

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))