GE Power India Limited profit rises despite discontinued loss

GE Power India Limited reported standalone profit of Rs 32.79 crore for the quarter ended 30 September 2026, as Rs 49.77 crore of profit after tax from continuing operations exceeded a Rs 16.98 crore loss from discontinued operations. Total profit was Rs 30.43 crore in the year-earlier quarter.

Why did GE Power India report Rs 32.79 crore of quarterly profit?

GE Power India reported Rs 32.79 crore of net profit for the quarter ended 30 September 2026 because continuing operations generated Rs 49.77 crore after tax while discontinued operations recorded a Rs 16.98 crore after-tax loss. The total was below Rs 52.55 crore in the quarter ended 30 June 2026 but above Rs 30.43 crore in the quarter ended 30 September 2025.

Profit before tax from continuing operations was Rs 52.98 crore in the September 2026 quarter, compared with Rs 46.10 crore a year earlier. Current tax was Rs 3.21 crore in the latest quarter, resulting in the Rs 49.77 crore profit after tax from continuing operations; the statement showed no deferred-tax charge or credit for the quarter.

How did GE Power India's continuing operations perform?

GE Power India's continuing operations produced Rs 49.77 crore of profit after tax in the quarter ended 30 September 2026, up from Rs 46.10 crore a year earlier but below Rs 65.99 crore in the preceding quarter. Revenue from operations rose to Rs 311.23 crore from Rs 280.52 crore a year earlier and Rs 308.69 crore in the June 2026 quarter.

Total income from continuing operations was Rs 342.51 crore, compared with Rs 306.96 crore in the September 2025 quarter and Rs 340.57 crore in the preceding quarter. Other income contributed Rs 31.28 crore, above Rs 26.44 crore a year earlier but below Rs 31.88 crore in the June 2026 quarter.

Total continuing-operations expenses increased to Rs 289.53 crore from Rs 260.86 crore a year earlier and Rs 271.75 crore in the June quarter. Material and erection-service costs rose to Rs 210.38 crore from Rs 203.21 crore, while employee-benefit expense declined to Rs 43.71 crore from Rs 50.77 crore in the year-earlier quarter.

How much did discontinued operations reduce GE Power India's profit?

GE Power India's discontinued operations reduced quarterly profit by Rs 16.98 crore in the quarter ended 30 September 2026. The after-tax loss was larger than Rs 13.44 crore in the preceding quarter and Rs 15.67 crore in the corresponding quarter of 2025.

The standalone statement showed a Rs 16.98 crore loss before tax from discontinued operations in the September 2026 quarter, with no current or deferred tax reported for that business. The supplied results identify it only as discontinued operations and do not name a facility, project or business within the results statement.

For the six months ended 30 September 2026, discontinued operations recorded an after-tax loss of Rs 30.42 crore, compared with Rs 28.08 crore a year earlier. Continuing operations generated Rs 115.76 crore after tax in the latest half year, leaving total six-month profit of Rs 85.34 crore versus Rs 62.04 crore in the corresponding prior-year period.

What do GE Power India's half-year income and expense figures show?

GE Power India's total income rose to Rs 683.08 crore for the six months ended 30 September 2026 from Rs 646.79 crore in the corresponding 2025 period. Revenue from operations increased to Rs 619.92 crore from Rs 567.25 crore, while other income declined to Rs 63.16 crore from Rs 79.54 crore.

Continuing-operations expenses were Rs 561.28 crore in the latest half year, compared with Rs 556.67 crore a year earlier. Material and erection-service costs were broadly unchanged at Rs 397.75 crore from Rs 398.18 crore, employee benefits fell to Rs 84.32 crore from Rs 95.12 crore, and other expenses increased to Rs 75.74 crore from Rs 52.10 crore.

Profit before tax from continuing operations consequently rose to Rs 121.80 crore from Rs 90.12 crore in the comparable half year. Current tax was Rs 6.04 crore, and total comprehensive income was Rs 86.14 crore after Rs 0.80 crore of other comprehensive income, compared with Rs 64.71 crore a year earlier.

What was GE Power India's earnings per share in the September quarter?

GE Power India reported basic and diluted earnings per share, or EPS, of Rs 4.87 for continuing and discontinued operations combined in the quarter ended 30 September 2026. The figure was below Rs 7.82 in the June 2026 quarter but above Rs 4.53 in the September 2025 quarter, and the company stated that EPS was not annualised.

Continuing operations contributed EPS of Rs 7.40, compared with Rs 9.82 in the preceding quarter and Rs 6.86 a year earlier. Discontinued operations reduced EPS by Rs 2.53, against reductions of Rs 2.00 in June 2026 and Rs 2.33 in the September 2025 quarter.

Total comprehensive income for the September 2026 quarter was Rs 33.19 crore, comprising Rs 32.79 crore of net profit and Rs 0.40 crore of other comprehensive income. That was lower than Rs 33.50 crore a year earlier because the prior-year quarter included Rs 3.07 crore of other comprehensive income despite lower net profit of Rs 30.43 crore.

Conclusion

GE Power India's September 2026 standalone result combined higher year-on-year continuing-operations profit with a larger loss from discontinued operations. Revenue rose by Rs 30.71 crore year on year to Rs 311.23 crore, while the Rs 16.98 crore discontinued-operations loss reduced reported quarterly profit to Rs 32.79 crore.

The next results will show whether the continuing-operations profit of Rs 115.76 crore for the six months ended 30 September 2026 can be maintained and whether the discontinued-operations loss, which was Rs 30.42 crore for that half year, narrows. The filing does not identify the discontinued business further or disclose a target or timetable for resolving that loss.