Synopsis: GE Power India Ltd (NSE: GVPIL) shares were locked in a 20% upper circuit at ₹479.70 on February 13, 2026, marking a fresh 52-week high. The breakout was fueled by an exceptional Q3 FY26 performance featuring a 123% QoQ profit jump to ₹72.3 Crore and a massive ₹780 Crore turnover. A historic debt-free status and strategic settlement with BHEL have further solidified investor confidence in this heavy electrical major.
On February 13, 2026, shares of GE Power India Ltd witnessed a spectacular rally, hitting the 20% upper circuit to settle at ₹479.70 on the NSE. This aggressive price action followed the company’s Q3 FY26 results, which showcased a dramatic turnaround in operational efficiency. Despite a broadly negative sentiment in the Sensex, the stock outperformed its peers by over 19%, backed by a staggering intraday volume of 1.70 Crore shares.
The company, which specializes in the renovation and modernization of thermal power plants, has emerged as a top pick in the capital goods sector. Investors are particularly bullish on the firm’s transition to becoming debt-free for the first time in five years, alongside a significant re-rating of its valuation from “risky” to “attractive.”
Why is GE Power India stock rising today?
The primary catalyst is a blockbuster Q3 FY26 earnings beat. On a sequential basis, Net Profit skyrocketed 123% to ₹72.3 Crore, while Revenue from Operations grew by 37.3% to reach ₹386 Crore. This surge in profitability is a direct result of the company’s disciplined execution of its Flue Gas Desulphurization (FGD) backlog and a sharper focus on high-margin core services.
Additionally, the settlement agreement with Bharat Heavy Electricals Limited (BHEL) has cleared a major regulatory overhang. Under the agreement, BHEL will pay GE Power India ₹340 Crore in phases until March 31, 2026, significantly boosting the company’s cash flow and liquidity position for the upcoming fiscal year.
GE Power India: Q3 FY26 Financial Snapshot (QoQ)
| Key Metric | Q3 FY26 (Current) | Q2 FY26 (Previous) | Growth (%) |
| Total Revenue | ₹386 Cr | ₹281 Cr | 37.3% ↑ |
| Net Profit (PAT) | ₹72.3 Cr | ₹32.4 Cr | 123.1% ↑ |
| EBITDA Margin | 32.37% | 17.7% | +1,467 bps ↑ |
The “Analyst Consensus” on GE Power India
Market experts have shifted to a “Strong Buy” outlook as the company’s fundamental re-rating gains steam.
- Valuation Appeal: Analysts note that the PEG ratio of 0.05 makes GE Power significantly undervalued relative to its earnings growth potential compared to peers like Schneider Electric.
- Order Book Health: Despite the termination of some EPC contracts, the focus on “Core Services” has seen a 45% QoQ growth in new orders, providing high revenue visibility.
- Technical Breakout: Chartists highlight that the stock has cleared all major moving averages (50-day, 200-day) with a 1097% surge in delivery volumes, signaling strong institutional accumulation.
Also Read: Indian Stock Market Crash: Why “Anthropic Shock” and IT Rout Wiped Out ₹4 Lakh Crore
The Bottom Line
GE Power India’s 20% circuit move confirms its status as a leading “turnaround story” in the heavy electrical space. With a ₹780 Crore volume spike and a debt-free balance sheet, the stock is well-positioned to capitalize on India’s aging power infrastructure modernization.
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