GE Power India Limited — quarter ended 31 March 2026 and year ended 31 March 2026
| Particulars | Quarter ended 31 March 2026 (Unaudited) (refer note 11) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Unaudited) (refer note 11) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| 1. Revenue from operations | 3,164.0 | 3,856.2 | 2,663.8 | 12,692.7 | 10,471.0 |
| 2. Other income | 194.7 | 156.3 | 104.0 | 1,146.4 | 712.9 |
| 3. Total income (1+2) | 3,358.7 | 4,012.5 | 2,767.8 | 13,839.1 | 11,183.9 |
| 4. Expenses | |||||
| a) Cost of material and erection services | 1,691.0 | 2,092.4 | 2,010.4 | 7,765.2 | 7,048.3 |
| b) Changes in work in progress | (100.9) | 39.0 | (38.7) | (122.2) | (5.5) |
| c) Employee benefits expense | 487.7 | 400.2 | 409.2 | 1,839.1 | 1,934.9 |
| d) Finance costs | 43.7 | 62.9 | 16.4 | 219.0 | 247.2 |
| e) Depreciation and amortisation expense | 30.1 | 32.1 | 34.9 | 122.8 | 138.2 |
| f) Other expenses | 18.6 | 76.6 | 490.5 | 616.2 | 1,596.2 |
| Total expenses (4) | 2,170.2 | 2,703.2 | 2,922.7 | 10,440.1 | 10,959.3 |
| 5. Profit(+)/Loss(-) before exceptional items from continuing operations (3-4) | 1,188.5 | 1,309.3 | (154.9) | 3,399.0 | 224.6 |
| Exceptional items [refer note 3] | – | (275.7) | – | (275.7) | – |
| 6. Profit(+)/Loss(-) before tax from continuing operations | 1,188.5 | 1,033.6 | (154.9) | 3,123.3 | 224.6 |
| 7. Tax expense (+)/Tax credit (-) | |||||
| 1) Current tax | 21.5 | 40.8 | – | 62.3 | – |
| 2) Deferred tax charge / (credit) | – | – | – | – | – |
| 8. Net Profit(+)/Loss(-) after tax from continuing operations (6-7) | 1,167.0 | 992.8 | (154.9) | 3,061.0 | 224.6 |
| 9. Discontinued operations | |||||
| Profit(+)/Loss(-) from discontinued operations before exceptional items [refer note 2(iii) and 2(iv)] | (140.6) | (155.5) | (327.4) | (548.0) | (933.5) |
| Exceptional items [refer note 2(i), 2(ii) and 3] | – | (150.0) | 2,369.9 | (150.0) | 2,953.3 |
| 10. Profit(+)/Loss(-) before tax from discontinued operations | (140.6) | (305.5) | 2,042.5 | (698.0) | 2,019.8 |
| 11. Tax expense (+)/Tax credit (-) | |||||
| 1) Current tax | – | – | 326.3 | – | 326.3 |
| 2) Deferred tax charge / (credit) | – | – | – | – | – |
| 3) Tax adjustments related to earlier years | – | (29.5) | – | (0.6) | – |
| 12. Net Profit(+)/Loss(-) after tax from discontinued operations (10-11) | (140.6) | (276.0) | 1,716.2 | (697.4) | 1,693.5 |
| 13. Net Profit(+)/Loss(-) for the period/year (8+12) | 1,026.4 | 716.8 | 1,561.3 | 2,363.6 | 1,918.1 |
| 14. Other comprehensive income(+)/loss(-): | |||||
| Items that will not be reclassified to profit or loss | |||||
| Remeasurements of defined benefit liability – Continued Operations | 15.5 | 88.8 | (149.9) | 131.0 | (160.2) |
| Remeasurements of defined benefit liability – Discontinued Operations | 3.3 | – | (0.6) | 3.3 | (0.6) |
| Other comprehensive income(+)/loss(-), net of tax | 18.8 | 88.8 | (150.5) | 134.3 | (160.8) |
| 16. Total comprehensive income(+)/loss(-) for the period/year (13 +/- 15) | 1,045.2 | 805.6 | 1,410.8 | 2,497.9 | 1,757.3 |
| 17. Paid-up equity share capital | |||||
| (Face value per share ₹ 10) | 672.3 | 672.3 | 672.3 | 672.3 | 672.3 |
| 18. Other equity as per audited balance sheet | – | – | – | 4,765.4 | 2,267.5 |
| 19. Earning per share (EPS) | |||||
| Basic and diluted EPS (₹) (not annualised) from continuing operations | 17.36 | 14.77 | (2.30) | 45.53 | 3.34 |
| Basic and diluted EPS (₹) (not annualised) from discontinued operations | (2.09) | (4.11) | 25.53 | (10.37) | 25.20 |
| Basic and diluted EPS (₹) (not annualised) from continuing operations and discontinued operations | 15.27 | 10.66 | 23.23 | 35.16 | 28.54 |
| Description | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| A Assets | ||
| 1 Non-current assets | ||
| (a) Property, plant and equipment | 246.6 | 354.6 |
| (b) Capital work-in-progress | 31.9 | 43.7 |
| (c) Intangible assets | – | – |
| (d) Right of use assets | 155.4 | 272.1 |
| (e) Investment in Joint Venture | 72.0 | 72.0 |
| (f) Financial assets | ||
| (i) Other financial assets | 155.6 | 149.4 |
| (g) Deferred tax assets (net) | – | – |
| (h) Tax assets | 679.4 | 493.5 |
| (i) Other non-current assets | 111.3 | 291.5 |
| Total non-current assets | 1,452.2 | 1,676.8 |
| 2 Current assets | ||
| (a) Inventories | 1,495.7 | 880.5 |
| (b) Financial assets | ||
| (i) Trade receivables | 7,624.6 | 11,729.5 |
| (ii) Cash and cash equivalents | 4,244.6 | 4,383.2 |
| (iii) Bank balances other than cash and cash equivalents | 58.5 | 37.4 |
| (iv) Loans | 4,500.0 | – |
| (v) Other financial assets | 268.9 | 34.7 |
| (c) Other current assets | 1,007.1 | 1,153.1 |
| Total current assets | 19,199.4 | 18,218.4 |
| Assets classified as held for sale | 344.0 | – |
| Total assets | 20,995.6 | 19,895.2 |
| B Equity and liabilities | ||
| 1 Equity | ||
| (a) Equity share capital | 672.3 | 672.3 |
| (b) Other equity | 4,765.4 | 2,267.5 |
| Total equity | 5,437.7 | 2,939.8 |
| 2 Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| Lease liabilities | 63.9 | 164.4 |
| (b) Provisions | 238.8 | 619.1 |
| Total non-current liabilities | 302.7 | 783.5 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 112.0 | 123.9 |
| (ii) Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 494.8 | 540.0 |
| – Total outstanding dues of other than micro enterprises and small enterprises | 5,034.7 | 4,692.3 |
| (iii) Other financial liabilities | 1,609.8 | 1,557.0 |
| (b) Other current liabilities | 4,193.3 | 6,351.6 |
| (c) Provisions | 2,917.9 | 2,765.6 |
| (d) Current tax liabilities | – | 141.5 |
| Total current liabilities | 14,362.5 | 16,171.9 |
| Liabilities directly associated with assets classified as held for sale | 892.7 | – |
| Total liabilities | 15,557.9 | 16,955.4 |
| Total Equity and Liabilities | 20,995.6 | 19,895.2 |
| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited) |
|---|---|---|
| A Cash flows from operating activities | ||
| Profit before tax from continuing operations | 3,123.3 | 224.6 |
| Adjustments for | ||
| Depreciation and amortisation expense | 122.8 | 138.1 |
| Liabilities/provisions no longer required written back | (240.9) | (71.6) |
| Loss allowance for credit impaired assets | (1,016.6) | 303.4 |
| Bad debts written off | 61.1 | 22.8 |
| Unrealised gain(-)/loss(+) on restatement of foreign currency assets and liabilities, net | 492.2 | (110.8) |
| Loss(+)/gain(-) on sale of property plant and equipments | – | (0.2) |
| Dividend Income | (12.0) | (10.5) |
| Interest from financial assets at amortised cost | (4.1) | (3.7) |
| Discounting of financial assets/liabilities at effective interest method | 32.4 | 31.7 |
| Interest income | (235.6) | (42.3) |
| Interest on income tax refund | – | (35.1) |
| Finance costs | 186.6 | 215.4 |
| Operating profit before changes in assets and liabilities | 2,509.2 | 661.8 |
| Adjustments for changes in assets | ||
| Decrease (+)/increase (-) in other financial assets | (2.3) | (12.0) |
| Decrease (+)/increase (-) in other non-current assets | 176.5 | (227.5) |
| Decrease (+)/increase (-) in inventories | (625.9) | (119.3) |
| Decrease (+)/increase (-) in trade receivables | 5,136.0 | 542.5 |
| Decrease (+)/increase (-) in other current financial assets | (171.2) | (18.1) |
| Decrease (+)/increase (-) in other current assets | 53.8 | 429.9 |
| Adjustments for changes in liabilities | ||
| Increase(+)/decrease(-) in other non-current provisions | (380.1) | (248.9) |
| Increase(+)/decrease(-) in trade payables | 189.1 | 724.9 |
| Increase(+)/decrease(-) in other financial liabilities | (0.9) | (51.5) |
| Increase(+)/decrease(-) in other current liabilities | (2,158.3) | 1,543.1 |
| Increase(+)/decrease(-) in current provisions | 356.3 | 320.7 |
| Net cash generated from(+)/used(-) in operating activities from continuing operations | 5,082.2 | 3,545.6 |
| Income tax payments(-)/refund(+), net | (389.7) | 244.8 |
| Net cash generated from(+)/used(-) in operating activities from continuing operations | 4,692.5 | 3,790.4 |
| B Cash flows from investing activities | ||
| Interest received | 172.6 | 62.1 |
| Purchase of property, plant and equipment | (21.3) | (30.3) |
| (including Capital work in progress and capital advances) | ||
| Dividend Income | 12.0 | 10.5 |
| Sales consideration on sale of business | – | 438.6 |
| Sale proceeds of property, plant and equipment | – | 0.7 |
| Loan to related parties | (4,500.0) | – |
| Investment(-)/Proceeds(+) deposits with banks | (22.1) | 81.5 |
| Net cash generated from(+)/used(-) in investing activities from continuing operations | (4,358.8) | 563.1 |
| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited) |