NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
GE Vernova T&D Ltd. registered a robust performance in Q4 FY26 which was in line with IDBI Capital's expectations. Revenue, Ebitda and PAT registered solid growth of 42%,76% and 89% respectively on YoY terms. Order intake for FY26 grew by 37% YoY to Rs ~14,800 crore propelled by key high voltage direct current order wins namely Khavda-South Olpad and the Chandrapur HVDC refurbishment.
Demand outlook for electrification and transmission expansion is robust with around 33 packages of tariff based competitive bidding related orders waiting to be ordered out.
Management is seeing extremely strong demand for data centre projects in the US. This demand could be catered to by GV Vernova T&D in the form of product supplies which will give a boost to exports although data centre market in India is at a nascent stage in India, prospects for growth in the domain are robust and GV Vernova T&D is geared up to capitalize on the same.
IDBI Capital maintains Buy on GV Vernova T&D with target price of Rs 5,214 as it is well geared to capitalize on the robust electrification theme in India and overseas as well.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
