Q2 2025 GE Vernova T&D India Ltd Earnings Call Transcript
Key Points
- GE Vernova T&D India Ltd (BOM:522275) reported a significant increase in order bookings, reaching 46.8 billion, up by 333% year-on-year.
- The company's order backlog reached an all-time high of 98.4 billion, providing strong revenue visibility for the coming years.
- Q2 revenues increased by 59% year-on-year to 11.1 billion, with a notable rise in profits.
- The company improved its cash and cash equivalent balance to 6.8 billion as of September 30, 2024, from 2.8 billion as of March 31, 2024.
- GE Vernova T&D India Ltd is actively working on enhancing the cybersecurity of India's power grid, which is crucial for reliable and secure power distribution.
- The company faces challenges in maintaining a consistent order intake due to varying delivery requirements and decision timelines.
- There is uncertainty regarding the finalization of HVDC projects, which are expected to be decided within the next three months.
- The company's gross margin improvement includes non-repetitive gains, which may not be sustainable in future quarters.
- There is a forex loss of approximately 55 million during the quarter, impacting other income.
- The company has a significant reliance on export orders, which accounted for 53% of the total orders in the quarter, exposing it to global market fluctuations.
Ladies and gentlemen, good day. And welcome to Ge Leova, T&D India limited earnings conference call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference? Please signal an operator by pressing star and then zero on your Touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Miss Mega Gupta from Gno T&D India Limited. Thank you and over to you MS Gupta.
&--&
Good evening, everyone. Welcome to G one T&D India limited earnings call for second quarter of financial year 2,425. I'm Mega Gupta from GG one T&D India Finance and investor relationship team. We are delighted to have you all here on the call today. Today, we are joined by Mr Sandeep co and MD of the company, Mr Fhi Kumar,
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