Analyst Presentation

October 30, 2026 The Secretary The Manager GE Vernova T&D India Limited BSE Limited Listing Department (Formerly known as GE T&D India Limited) Phiroze Jeejeebhoy National Stock Exchange of India Ltd. L31102DL1957PLC193993 Towers, Exchange Plaza, Bandra Kurla Corporate Office: T-5 & T-6, Plot 1-14, Axis House, Jaypee Dalal Street Complex, Bandra (East) Wishtown, Sector-128, Noida-201304, Uttar Pradesh Mumbai-400 001 Mumbai-400 051 T +91 120 5021500 Email id: secretarial.compliance@gevernova.com Website: Code No. 522275 Symbol: GVT&D https://www.gevernova.com/regions/asia/in/gevernova-td- india Dear Sir/Madam, Sub: Analyst Presentation Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our letter dated October 23, 2026, please find attached presentation in respect of Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2026 which shall be shared with analysts/ institutional investors for Earnings Conference call scheduled today i.e Friday, October 30, 2026, at 6:00 P.M. (IST). This is for your information and records. For GE Vernova T&D India Limited Shweta Mehta (Membership No. A18600) Company Secretary & Compliance Officer Contact No.: +91-120-5021500 Regd. Office: A-18, First Floor, FIEE Complex Okhla Industrial Area Phase II, New Delhi – 110020 (India). Tel.: +91-11- 41610660 ANALYST PRESENTATION GE VERNOTV&AD I NDIA LTD. Q2 FY 2026 -27 © 2023 General Electric Company –All rights reserved. Internal Use Only. © 2026 GE Vernova and/or its affiliates. All rights reserved. DISCLAIMER This presentation has been prepared solely for the use at analyst/ investor presentation . By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations - The forward -looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts . Forward -looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof . GE Vernova T&D India Limited cannot give assurance to the correctness of such information and statements . By their nature, forward -looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward -looking information and statements in this presentation . Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected Given the aforementioned uncertainties, prospective or present investors are cautioned not to place undue reliance on any of these forward - looking statements No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever . Investor/prospective advisors must be sought on specific situation from well-informed legal, investment, tax, financial, and management professionals This presentation and its contents are confidential and must not be distributed, published or reproduced . This presentation does not constitute a recommendation regarding the securities of the Company . © 2026 GE Vernova and/or its affiliates. All rights reserved. 2 EXECUTIVE SUMMARY (₹ in billions) POWERING THE FUTURE THROUGH DISCIPLINED EXECUTION AND SUSTAINED GROWTH Q2 FY -2267 H1 FY -2267 Order Intake Order Backlog Order Intake Order Backlog +11% +52% 35.8 24.4 209.3 214.4 32.3 214.6 214.4 16.1 Q2'26 Q2'27 Jun'26 Sep'26 H1'26 H1'27 Mar'26 Sep'26 Revenue Profit before tax Revenue Profit before tax 27.6% +32% +35% 27.6% 1.3x 28.6% 10.7 20.3 26.1% 38.6 1.4x 15.4 28.7 7.9 Q2'26 Q2'27 Q2'26 Q2'27 H1'26 H1'27 H1'26 H1'27 Cash generation of 10.1* BINR during H1 leading to available cash equivalents of 32.5** BINR *Cash Generation before dividend Payment ( 2,560 MINR) **Includes lending to LM Wind Power Blades (India) Private Limited as a part of Cash Pool arrangement © 2026 GE Vernova and/or its affiliates. All rights reserved. Key Executions Q2- 2F7Y 26 Grid SysteInmt ergration Power Transformers Switchge–a Gr IS & AIS PGC-I LBidar Senega-Ml C-A Bel Air Commissioned 80 MVAr Nepal Electricity 765 kV 1 ph Shunt Commissioned 220kV GIS Author-i ty Reactors Bays Barhabise Commissioned 400 kV GIS bays at Barhabise Spain Martorell Site in Nepal SterliteR/eson-i a Commissioned 220kV GIS Bays Beawar Commissioned 110 MVAr GETC-O B abarz ar 765 kV 1 ph Shunt Reactors Commissioned 400 kV GIS, 220 kV AIS bays Zetwe rNkarela along with 500 MVA ICTs at Babarzar in Commissioned 66kV GIS Gujarat Bays NUPP- LG hatampur Commissioned 275 MVA 765 kV 1 ph Generator Transformers OtheCro mmissioning Commissioned 765 kV CB for BHEL PG Bikaner II and Bikaner III © 2026 GE Vernova and/or its affiliates. All rights reserved. Order Intake Q2 & H-217 FY 26 (₹ in millions) KEY ORDERS BOOKED DURI-N27G Q2 FY 26 • Supply of 400 kV Generator Transformers and 420 kV GIS package for a major 1,500 MW pumped storage hydro project in the state +11% 35,751 of Maharashtra 32,259 24,381 • Supply of 800 kV and 420 kV GIS packages for a transmission 16,060 Q2 +52% project in the state of Andhra Pradesh. • Supply of 400 kV Reactors and 420/220 kV GIS package for a TBCB transmission project in the state of Himachal Pradesh 16,199 • Supply of 765 kV shunt reactors (110 MVAR & 80 MVAR) for a TBCB transmission project in state of Andhra Pradesh Q1 11,370 • Multiple orders for export of AIS/GIS equipment to North America, Europe, Middle East and Africa. • Multiple orders for supply of Grid Automation packages from state H1 H1 utilities, EPCs for transmission and data center projects. FY 25-26 FY 26-27 © 2026 GE Vernova and/or its affiliates. All rights reserved. Financial Performance Q2 &-2 H71 FY 26 (₹ in millions) Q2 % Q1 % Q2 % H1 % H1 % FY 2-627 FY 2-627 FY 2-526 FY 2-627 FY 2-526 Revenue 20,270 100.0 18,361 100.0 15,385 100.0 38,631 100.0 28,686 100.0 Less : Cost of Goods Sold 11,245 55.5 10,770 58.7 8,675 56.4 22,015 57.0 15,535 54.2 Gross Profit 9,025 44.5 7,591 41.3 6,709 43.6 16,616 43.0 13,151 45.8 Less : Employee Cost 1,380 6.8 1,123 6.1 1,186 7.7 2,503 6.5 2,158 7.5 Less : Other Expenses 2,148 10.6 1,860 10.1 1,559 10.1 4,008 10.4 3,152 11.0 EBITDA 5,497 27.1 4,608 25.1 3,965 25.8 10,105 26.2 7,841 27.3 Less : Finance Cost 78 0.4 34 0.2 22 0.1 113 0.3 50 0.2 Less : Depreciation 122 0.6 121 0.7 116 0.8 243 0.6 228 0.8 Add : Other Income 503 2.5 418 2.3 186 1.2 922 2.4 349 1.2 Profit before Tax 5,800 28.6 4,871 26.5 4,013 26.1 10,671 27.6 7,913 27.6 Taxes 1,486 7.3% 1,241 6.8% 1,018 6.6% 2,728 7.1% 2,006 7.0% Profit after Tax 4,314 21.3% 3,630 19.8% 2,995 19.5% 7,944 20.6% 5,907 20.6% © 2026 GE Vernova and/or its affiliates. All rights reserved. 6 Order, Revenue and Backlog details (₹ in millions) Q2’2O7 rde Irntak :e 24,381 H1’2O7 rde Irntak :e 35,751 Domestic Domestic 5,109, Exports 21% Exports 10,314, OrderBsa cklgo : 214,432 25,437, 19,272, 3,627 , 2% Private 42,605 , Central Utilities & PSU Q2’27 Revenue : 20,270 H1’27 Revenue : 38,631 168,200 , State Utilities Domestic Domestic Exports Exports 6,438, 11,867, 32% 31% 13,832, 26,764, 68% 69% © 2026 GE Vernova and/or its affiliates. All rights reserved. Major Related Party Approvals Approvals Lapsed Related Party Transaction Amount MINR Validity Period Status Sale of goods/ [Showing first 8,000 characters — download PDF for full document]