GE Vernova T&D India jumps on Q3 profit surge

Shares of GE Vernova T&D India GETD.NS rise 8.8% to 3,162 rupees

Power distributor's Q3 PAT up 17.1% at 2.91 billion rupees; rev up 58% y/y

The Indian unit of GE Vernova GEV.N said its Q3 order bookings were up 41% y/y at 29.4 billion rupees

PhillipCapital says orders remained strong with no slowdown across central utilities or the expanding Tariff Based Competitive Bidding (TBCB) pipeline, supporting solid visibility into FY27, which management expects to be a stronger ordering year

Analysts have a "Buy" rating on avg; median PT is 3,680 rupees - data compiled by LSEG

GETD up ~1% so far in Jan