GE Power India Limited Earnings Summary — Q4 FY2026
GE Power India Limited Posts Growth in Quarterly Net Profit Amid Segment Restructuring and Debt Reduction
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 2.4% sequentially in Q1 FY2027.
- Revenue of ₹309 Cr is 7.6% higher year-on-year.
- Revenue has compounded at 10.5% annualised over the last 10 quarters.
- Net profit of ₹54 Cr is 54.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 51.6% annualised across the period.
- Operating margin stands at 14.5% in Q1 FY2027.
- Operating margin expanded by 1448 bps year-on-year.
- Over the last two years operating margin has expanded by 2195 bps.
- PBT margin is 18.3%.
- Expense growth of -8.0% remained below revenue growth of 7.6%.
- Operating profit of ₹45 Cr is 111700.0% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 70/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 309 | 316 | 386 | 281 | 287 | 266 | 317 | 217 | 246 | 247 |
| Expenses | Stable | 264 | 210 | 261 | 253 | 287 | 287 | 313 | 207 | 265 | 262 |
| Operating Profit | Volatile | 45 | 107 | 125 | 28 | 0 | -21 | 4 | 10 | -18 | -16 |
| Operating Margin | Volatile | 14.5% | 33.7% | 32.4% | 10.0% | 0.0% | -7.8% | 1.2% | 4.7% | -7.5% | -6.4% |
| Other Income | Volatile | 20 | 16 | -42 | 16 | 44 | 223 | -15 | 70 | 22 | 64 |
| Interest | Volatile | 5 | 4 | 6 | 6 | 6 | 2 | 4 | 9 | 10 | 18 |
| Depreciation | Stable | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
| Profit Before Tax | Volatile | 57 | 115 | 73 | 35 | 35 | 197 | -19 | 67 | -10 | 26 |
| Tax | Volatile | 3 | 2 | 1 | 3 | — | 33 | — | — | — | — |
| Net Profit | Volatile | 54 | 113 | 72 | 32 | 35 | 164 | -19 | 67 | -10 | 26 |
| Net Margin | Volatile | 17.4% | 35.8% | 18.8% | 11.5% | 12.1% | 61.7% | -5.9% | 30.8% | -3.9% | 10.5% |
Key Takeaways
- GE Power India reported a quarterly net profit of ₹1,026.4 million for Q4 FY2026, supported by strong performance in continuing operations.
- The company has successfully executed a major de-leveraging strategy, reducing total debt from ₹453 Cr in FY21 to just ₹18 Cr in FY26.
- A significant portfolio shift is underway, with the Durgapur facility classified as a discontinued operation following a demerger agreement with JSW Energy.
- The board recommended a final dividend of ₹7 per equity share, marking a return to shareholder payouts as financial stability improves.
- Continuing operations showed robust profitability with a Profit Before Tax of ₹1,188.5 million for the quarter, compared to a loss in the prior year's same quarter.
- Liquidity remains stable with cash and cash equivalents standing at ₹4,244.6 million at the end of the fiscal year.
Management Guidance
Management is prioritizing a 'Services-led' strategy and focusing on capturing the Flue Gas Desulphurisation (FGD) market. The vision for the next decade centers on energy transition technologies, including carbon capture and hydrogen-ready turbines, while emphasizing bottom-line sustainability over aggressive revenue growth.
Sentiment Shift
Improving
The transition from deep multi-year losses to consistent quarterly profitability, combined with near-total debt elimination and the resumption of dividends, indicates a significant turnaround.
Outlook
The company expects to complete the demerger of the Durgapur business to JSW Energy within 12 months. Outlook remains dependent on the procurement cycles of major utilities like NTPC and BHEL, though the shift toward high-margin service contracts is expected to stabilize future margins.
From the Annual Report (Key Quotes)
“The transaction [JSW Demerger] will be completed post receipt of certain approvals... management expects the transaction to be completed within twelve months.”
“Recommended a final dividend of ₹ 7/- per equity share for the financial year ended 31 March 2026.”
“The Standalone Financial Results for the year ended March 31, 2026... gives a true and fair view... of the net profit and other comprehensive income.”
Official Quarterly Documents
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This summary is AI-generated from GE Power India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.