GE Power India’s FY26 turnaround shows up in cash, profits, and services momentum

Revenue was INR 316 crore in Q4 FY 2025-26 (vs INR 266 crore in Q4 FY 2024-25) and INR 1,269 crore for FY 2025-26 (vs INR 1,047 crore in FY 2024-25).

FY 2025-26 order intake was INR 877 crore versus INR 2,183 crore in FY 2024-25. Management attributed the decline largely to prior-year large FGD-EP and large upgrade order bookings that did not repeat.

The presentation states core services orders booked were INR 734 crore in FY 2025-26 and mentions about 34% year-on-year growth in order inflows for the core services growth strategy.

Net cash position was stated as INR 880 crore as of March 2026 (vs INR 443 crore as of March 2025).

Management stated the petition has been filed with NCLT and approvals such as creditors/shareholders and NOCs are part of the process. They expect completion within 12 months from 31 March 2026, with a target to close within the calendar year.

Management stated that INR 343 crore was received in FY 2025-26 pursuant to the settlement agreement with BHEL, and that obligations under the covered projects are closed with both parties discharging each other from future claims.

The board recommended a dividend of INR 7 per equity share, subject to shareholder approval at the AGM.