GE Power India Q1 Results FY26

GE Power India Q1 FY2025-26 Results: Detailed Analysis

In its Q1 FY2025-26 (April–June 2025) results, GE Power India (GEPIL) showed a compelling turnaround in profitability despite continued pressure on its top line. Below is a more complete breakdown, woven with context to help interpret the numbers.

GE Power India Q1 FY2025-26 results overview

GE Power India reported total income of ₹339.95 crore in Q1 FY2026, marking a 27.0% year-on-year (YoY) decline (from ₹465.80 crore in Q1 FY2025). GE power India Ltd

On the profitability front, the company turned a loss into a profit: it recorded a net profit of ₹34.72 crore, compared to a loss of ₹9.54 crore in Q1 FY2025. GE power India Ltd

Its Earnings Per Share (EPS) for the quarter stood at ₹5.20, up from a negative ₹1.40 in the corresponding period last year. GE power India Ltd

These figures highlight the company’s success in trimming costs and improving margins while coping with revenue pressures.

The 27.0% YoY drop in total income is a matter of concern for growth momentum. GE power India Ltd The decline is likely driven by slower project execution, order conversion delays, or competitive pressures in equipment supply.

On a QoQ basis, revenue fell 27.7% (from ₹469.89 crore in Q4 FY2025 to ₹339.95 crore). GE power India Ltd

The 27.0% YoY drop in total income is a matter of concern for growth momentum. GE power India Ltd The decline is likely driven by slower project execution, order conversion delays, or competitive pressures in equipment supply.

On a QoQ basis, revenue fell 27.7% (from ₹469.89 crore in Q4 FY2025 to ₹339.95 crore). GE power India Ltd

Expense control & other income

Total expenses in Q1 FY2026 were ₹308.23 crore, down 35.3% YoY (from ₹476.52 crore a year ago). GE power India Ltd This suggests strong cost discipline across operations and administration.

Interestingly, the company also managed to boost non-core or ancillary income, which helped mitigate the drag from revenue decline. While the detailed break-up of “other income” is not disclosed in summary reports, it’s common in this sector to see contributions from interest income, project claims, claims/adjustments, or sale of assets.

Turning around from a loss to a net profit of ₹34.72 crore is notable. GE power India Ltd The factors behind this include:

• Stringent cost cuts across operating expenses, manpower, and overheads
• Better margins from high-value or high-margin projects (instead of lower margin orders)
• Support from other income channels, cushioning the impact of weak revenue

EPS moving from –₹1.40 to ₹5.20 indicates improved capital efficiency and better utilization of the equity base. GE power India Ltd

This table underscores the dual nature of this quarter: revenue contraction but operational resilience.

From the available data, we can derive or infer certain ratio insights:

• Net profit margin = Net profit / Total income = 34.72 / 339.95 ≈ 10.2%
• Expense ratio = Expenses / Total income = 308.23 / 339.95 ≈ 90.7%
• Operating margin is less directly published, but given the steep drop in expenses, it would have improved relative to prior periods.

These ratios reflect a sharper focus on margin rather than volume.

GE Power India’s Q1 FY2026 results tell a story of cautious resurgence. Although revenue continues to decline amid challenging market dynamics, the company has successfully steered the bottom line into positive territory. Cost control, project selection, and income diversification have been key levers in this recovery.

Going ahead, sustaining profitability will depend on renewing order inflows, smooth project execution, and a favourable broader environment (such as power sector demand, policy incentives, and input cost trends).