Earnings Review
CG Power consol PAT growth highest in 5 quarters
This story was originally published at 18:02 IST on 6 May 2025
Register to read our real-time news.Informist, Tuesday, May 6, 2025
Please click here to read all liners published on this story
--CG Power Jan-Mar power systems EBITDA up YoY on better price realisation
--CG Power Jan-Mar industrial systems EBITDA hit by consumer ops investment
--CG Power Jan-Mar industrial systems EBITDA hit by high commodity prices
--CG Power Jan-Mar consol EBITDA margin 15.2% vs 15.1% year ago
--CG Power Jan-Mar power systems EBITDA INR 2.18 bln vs INR 1.60 bln yr ago
--CG Power Jan-Mar industrial systems EBITDA INR 1.86 bln vs INR 1.85 bln
--CG Power unexecuted order backlog INR 99.09 bln on Mar 31, up 58% on year
--CG Power Jan-Mar order intake INR 36.50 bln, up 20% on year
--CG Power Jan-Mar consol EBITDA INR 4.18 bln vs INR 3.32 bln year ago
--CG Power Jan-Mar Industrial systems sales INR 17.51 bln vs INR 13.64 bln
--CG Power Jan-Mar power systems revenue INR 9.93 bln vs INR 8.21 bln yr ago
--CG Power FY25 consol revenue INR 99.09 bln vs INR 80.46 bln year ago
--CG Power FY25 consol net profit INR 9.75 bln vs INR 14.27 bln yr ago
--CG Power Jan-Mar consol revenue INR 27.53 bln vs INR 21.92 bln year ago
--CG Power Jan-Mar consol net profit INR 2.72 bln vs INR 2.34 bln year ago
--Analysts saw CG Power Jan-Mar consol net profit INR 2.90 bln
--CG Power Jan-Mar consol net profit INR 2.72 bln
By Narayana Krishna
HYDERABAD - CG Power and Industrial Solutions Ltd.'s net profit growth in Jan-Mar was the highest in the last five quarters. The electrical engineering major's consolidated net profit for the March quarter was INR 2.72 billion, up 16.4% on year but slightly below analysts' consensus estimate of INR 2.90 billion.
CG Power's revenue for the quarter rose 25.6% on year to INR 27.53 billion, led by robust growth in both industrial systems and power systems business, according to the company's press release. Sequentially, the net profit rose 13% and the revenue was up 9.4%. Sales of the company's industrial systems rose 28% on year to INR 17.51 billion, and that of power systems rose by nearly 21% on year to INR 9.93 billion.
The Murugappa group company reported 20% growth in fresh orders to INR 36.50 billion on a standalone basis. The company's unexecuted standalone order backlog was INR 99.09 billion as of Mar. 31. At the consolidated level, the fresh order intake was up 22% on year at INR 38.24 billion while unexecuted order backlog was INR 10.63 billion, the company said.
The robust order accruals and order backlog give clear visibility of healthy revenue growth for the coming quarters, the company said.
CG Power's earnings before interest, tax, depreciation, and amortisation margin improved 10 basis points to 15.2% in the March quarter. The growth in margin was mainly affected by rise in commodity prices, increasing share of the railways business, and investment in the consumer business of the industrial systems segment. Margin of the power systems segment was better because of improvement in price realisations, the company said. Raw material costs rose 29.3% on year during the quarter to INR 18.7 billion.
The consolidated EBITDA for the quarter was INR 4.18 billion as against INR 3.32 billion a year ago. The EBITDA of the power systems segment was INR 2.18 billion against INR 1.60 billion a year ago. EBITDA of the industrial systems segment was INR 1.86 billion as against INR 1.85 billion.
The company's total expenditure during the March quarter rose 26.3% on year to INR 24.4 billion. Employee costs rose 23.6% on year to INR 1.7 billion, while other expenses rose 14.8% on year to INR 3 billion. Tax outgo for the quarter was up by 63% on year at INR 1.1 billion.
CG Power's consolidated net profit for the financial year 2024–25 (Apr–Mar) fell 31.7% to INR 9.75 billion even as revenue rose 23.2% to INR 99.1 billion. On Tuesday, shares of CG Power closed at INR 598.45 on the National Stock Exchange, down 5.8% from Monday. End
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
