Q3 2025 Ge Power India Ltd Earnings Call Transcript
Key Points
- GE Power India Ltd (BOM:532309) reported a significant increase in order bookings, with a 3x growth compared to the previous year, highlighting strong market demand.
- The company secured a major order from NTPC for a steam turbine upgrade worth INR348 crores, indicating robust business opportunities.
- GE Power India Ltd (BOM:532309) achieved profitability in its standalone steam power business for the second consecutive quarter, showcasing improved financial performance.
- The company's strategic focus on lower-risk, higher-margin services is stabilizing its business and enhancing shareholder value.
- GE Power India Ltd (BOM:532309) is actively expanding its geographical reach, securing orders from countries like Saudi Arabia, Turkey, Malaysia, and Dubai, aligning with its growth strategy.
- Despite improvements, GE Power India Ltd (BOM:532309) still faces operating losses, excluding other income, indicating ongoing financial challenges.
- Employee costs remain high at 18% compared to industry peers, impacting overall profitability.
- The company is still in a long-term turnaround phase, requiring sustained efforts to achieve consistent profitability.
- There are pending insurance claims from past incidents, with uncertainties around the final settlement amounts.
- The Durgapur factory is operating below its breakeven point, with significant under-recovery, posing a challenge to operational efficiency.
Ladies and gentlemen, good day and welcome to the earnings conference call in respect of Inter-alia. The financial results for the quarter ended on December 31, 2024, hosted by Ge Power India Limited.
(Operator instructions)
Please note that this conference is being recorded. And now I'll hand the conference over to Mr. Punith Bhatla, Managing Director of Ge Power India Limited.
Thank you, and over to you, Mr. Bhatla.
Thank you. Dear investors, good evening. Thank you very much for joining today's call where we will be discussing our third quarter performance. We believe you all have reviewed our results and investors presentations which are available on our website as well as on the stock exchange.
Today I'm joined by Mr. Aashish Ghai, our CFO, Mr. Roshan Singh, the Sales Leader, Mr. Kalpesh Kumar Shah, the Finance Leader from Hydro, to answer to any queries which you might have.
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