GE Vernova T&D India Net Jumps Nearly 3x In March Quarter On Strong Revenue

GE Vernova posted a sharp rise in profit for the March quarter, with net earnings nearly tripling on year to ₹1.86 billion. The surge was backed by strong operational performance, as revenue from operations jumped 26.2% to ₹11.53 billion.

Compared to the previous quarter, net profit rose 30.7%, while revenue grew 7.4%. The company also saw a jump in other income, which climbed to ₹211.1 million from ₹57.1 million a year ago.

Total expenditure, including finance costs, rose to ₹9.18 billion from ₹8.18 billion in the same period last year. Finance costs alone soared 78.2% on year to ₹56.5 million. The company’s tax outgo more than doubled to ₹696.3 million from ₹348.9 million.