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Earnings Call

GE Power India Earnings Call: Key Takeaways

GE Power India (GEPIL) announced the demerger of its Durgapur business to JSW Energy to simplify its portfolio and focus on high-margin core services and oOEM segments.

Highlights
MarginsEBITDA turned positive; focused on high-margin opportunities.
Order bookINR 734 Cr in core services; INR 322 Cr in oOEM.
Demand visibilityStrong outlook for Indian power industry and core services.
Management confidenceHigh regarding turnaround and demerger value creation.

Growth

FY26 EBITDA reached INR 277 Cr from INR -251 Cr loss in FY23. Core services order bookings grew 34% YoY to INR 734 Cr.

Outlook

Targeting full supply chain independence soon. Demerger effective retrospectively from July 1, 2025. Share entitlement: 10 JSW Energy shares for 139 GEPIL shares.

Risks

Underutilization of Durgapur facility caused average annual losses of INR 27 Cr. Transition requires managing a 5-year manufacturing services agreement.

Last quarter's promises, checked

Delivered

  • Guided focus on core services → delivered 32% order growth YoY (= BEAT)
  • Guided settlement of BHEL/Jaypee → delivered INR 343 Cr received & closure (= BEAT)
  • Guided dividend payout → delivered 70% of face value/INR 7 per share (= BEAT)

Partly delivered

  • Guided Durgapur demerger timeline → delivered filed with NCLT, pending 12-month closure (= PARTIAL)
Source

Earnings Call filed with BSE, NSE: GVPIL. Summary written with AI assistance from the document.

Read the document ↗

GE Power India Ltd: key numbers

Share price
₹698.15
Market cap
₹4,693 Cr
Revenue (annual)
₹1,269 Cr
Net profit (annual)
₹252.6 Cr
P/E (TTM)
17.3×Sector 53.9×
Promoter holding
68.58%+0.00% QoQ
FII holding
1.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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