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Informist, Wednesday, Oct. 29, 2025

 

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--CG Power Jul-Sept consol net profit INR 2.87 bln
--Analysts saw CG Power Jul-Sept consol net profit at INR 3.13 bln
--CG Power Jul-Sept consol revenue INR 29.23 bln
--Analysts saw CG Power Jul-Sept consol revenue at INR 30.97 bln
--CG Power Jul-Sept consol net profit INR 2.87 bln vs INR 2.21 bln year ago
--CG Power board OKs setting up greenfield switchgear mfg unit western India
--CG Power Jul-Sept consol revenue INR 29.23 bln vs INR 24.13 bln year ago
--CG Power: Cost to set up switchgear mfg unit INR 7.48 bln
--CG Power Apr-Sept consol net profit INR 5.56 bln vs INR 4.62 bln year ago
--CG Power: To set up greenfield switchgear mfg unit in 33 months
--CG Power Apr-Sept consol revenue INR 58.01 bln vs INR 46.40 bln year ago
--CG Power: New greenfield switchgear mfg unit to double existing capacity
--CG Power Q2 industrial systems revenue INR 15.3 bln vs INR 15.6 bln yr ago
--CG Power Q2 power systems revenue INR 12.54 bln vs INR 8.46 bln yr ago

--CG Power Jul-Sept consol EBITDA INR 4.43 bln vs INR 3.24 bln year ago

--CG Power Jul-Sept consol EBITDA margin 15.2% vs 13.4% year ago

--CG Power Jul-Sept consol order intake INR 47.72 bln, up 45% on year

--CG Power consol order backlog INR 149.53 bln on Sept 30, up 88% on year

--CG Power: Industrial systems margin hit due to challenges in railway ops

--CG Power: Couldn't fully pass on higher commodity prices in industrial ops

--CG Power: Power system ops margin improved in Q2 on better realisation

--CG Power Q2 industrial systems EBITDA INR 1.45 bln vs INR 1.76 bln yr ago

--CG Power Jul-Sept industrial systems EBITDA margin 10.4% vs 12.3% year ago

--CG Power Jul-Sept power systems EBITDA INR 2.69 bln vs INR 1.58 bln yr ago

--CG Power Jul-Sept power systems EBITDA margin 21.5% vs 18.7% year ago

 

By Rajesh Gajra

 

NEW DELHI - CG Power and Industrial Solutions Ltd. posted lower-than-expected earnings and top line numbers for the September quarter, but the net profit growth on year was strong and revenue growth was stable. The capital goods major reported a consolidated net profit of INR 2.9 billion for the September quarter, below analysts' estimate of INR 3.1 billion.

 

The net profit was up 30% on year and 6.5% on quarter. The company's consolidated revenue for the reporting quarter was INR 29.2 billion, below the Street View of INR 31 billion, but up 21% on year and 1.6% on quarter.

 

CG Power's consolidated earnings before interest, tax, depreciation, and amortisation rose 37% on year to INR 4.43 billion, with EBITDA margin expanding sharply to 15.2% from 13.4% a year ago. The profitability was driven by a 70% on-year jump in the power systems segment EBITDA to INR 2.69 billion, with the segment's margin expanding sharply to 21.5% from 18.7%.

 

The sales in the power systems segment was also up sharply by 48% on year to INR 12.5 billion. The company said in a press release that steady rhythm in order execution in this segment helped the sales growth, and the margin expansion was "driven by better price realisation, reflecting resilient demand trends and improved operating leverage."

 

On other hand, the EBITDA of the industrial systems segment fell 18% on year to INR 1.45 billion amid a consolidated sales decline to INR 15.3 billion in the September quarter from INR 15.6 billion in the year ago quarter. The industrial systems segment's EBITDA margin contracted sharply to 10.4% from 12.3% a year ago.

 

The industrial systems segment was affected by project deferments in the railways business, the company said. The margin in the segment fell "due to price realisation challenges in Railway business, as well as deferred order execution leading to lower operating leverage, and some impact due to rise in commodity prices which could not be fully passed on," according to the company.

 

The consolidated order intake in the September quarter rose 45% on year to INR 47.7 billion. The unexecuted order backlog as of Sept. 30 was INR 149.5 billion, 88% higher than a year ago.

 

In Apr-Sept, CG Power's consolidated net profit rose to INR 5.6 billion from INR 4.6 billion in the year-ago period, while the consolidated revenue rose to INR 58 billion from INR 46.4 billion.

 

The company announced Wednesday its board approved setting up a greenfield switchgear manufacturing unit in western India at a cost of INR 7.5 billion. The project will be executed in 33 months, the company said. It said the new unit will double the company's switchgear manufacturing capacity. On Wednesday, shares of the company closed 3.6% higher at INR 748.60 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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