Q3 2026 Ge Power India Ltd Earnings Call Transcript
Key Points
- GE Power India Ltd (BOM:532309) reported a significant increase in profit before tax and exceptional items, reaching INR131 crore for the quarter, up from INR23 crore in the previous year.
- The company has successfully reduced its losses and improved profitability across its Core Service portfolio, indicating strong operational and financial progress.
- Order intake for Core Services increased by 21% year-over-year, demonstrating strong demand and effective strategic focus.
- The company has a robust order book of INR1,671 crore, providing visibility for nearly two years of execution from continuing operations.
- GE Power India Ltd (BOM:532309) has made significant progress in strengthening its balance sheet, including successful settlements with BHEL and Jaypee, enhancing financial stability.
- The company experienced a decline in order intake for the quarter, securing INR141 crore compared to INR461 crore in the previous year, primarily due to the absence of large orders like the Vindyachal turbine upgrade.
- The order backlog decreased from INR2,662 crore in March 2025 to INR1,671 crore in December 2025, driven by the termination of two FGD/EP contracts worth INR775 crore.
- There are concerns about the sustainability of current margins due to one-off items contributing to profitability, such as settlements and provision reversals.
- The company faces challenges in the FGD market, with slow progress and no new orders following government notifications affecting the sector.
- GE Power India Ltd (BOM:532309) is not focusing on nuclear projects, which could limit growth opportunities in this emerging sector.
Ladies and gentlemen, good day, and welcome to the earnings conference call in respect of Interalia, the unaudited financial results for the quarter ended on December 31, 2025, hosted by GE Power India Limited. (Operator Instructions). I now hand the conference over to Mr. Puneet Bhatla, Managing Director of GE Power India Limited. Thank you, and over to you.
Thank you for joining today's call to discuss GE Power India Limited's performance for the third quarter and the nine months ended December 2025. I'm joined today by our CFO and WTD, Mr. Aashish Ghai, to update you on our financial performance across the business and to address any queries you may have. We trust that you have had the opportunity to review our financial results and the investor presentation, which have been made available on our website as well as on the stock exchanges.
I would like to touch upon quickly a brief context on the broader macroeconomic and the sectoral environment into which we continue to operate before
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