CG Power and Industrial Solutions Limited reported strong financial results for the second quarter and half-year ended September 30, 2026. The company announced a 32% year-on-year growth in sales to INR 3,505 crore for the quarter. Profit After Tax (PAT) surged by 46% YoY to INR 450 crore, marking a record quarterly performance. Order intake also saw a substantial 90% YoY increase.
CG Power Announces Record Quarterly Performance
CG Power and Industrial Solutions Limited (CG) has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026, highlighting a period of robust growth and profitability. The company reported a significant 32% year-on-year increase in sales for the second quarter, reaching INR 3,505 crore. This performance underscores the strong growth momentum and effective execution across CG’s businesses, supported by sustained demand.
Key Financial Highlights (Standalone)
In the second quarter of FY27, CG Power achieved record highs with sales of INR 3,505 crore, EBITDA of INR 637 crore, and PAT of INR 450 crore. The Profit Before Tax (PBT) saw a substantial 47% growth YoY, amounting to INR 602 crore, representing 17.2% of sales, up from 15.4% in the previous year. The company’s PAT grew by 46% YoY to INR 450 crore, with a 47% YoY growth in PBT to INR 602 crore. The overall sales for the quarter increased by 32% YoY.
The company also experienced a significant surge in order intake, which grew by 90% YoY, contributing to a strengthened unexecuted order backlog of INR 21,820 crore as of September 30, 2026, providing multi-quarter visibility.
Segmental Performance
Industrial Systems segment recorded a 25% YoY growth in sales to INR 1,738 crore, driven by strong performance across all its businesses. PBIT for this segment was INR 164 crore, with a 60 bps sequential improvement in margin. Order intake for Industrial Systems was INR 1,758 crore (12% YoY), and the backlog stood at INR 2,856 crore.
The Power Systems segment demonstrated strong growth with a 41% YoY increase in sales to INR 1,769 crore. PBIT for this segment rose to INR 443 crore, benefiting from a 430 bps improvement in margin YoY. Order intake in Power Systems was robust at INR 6,258 crore (137% growth YoY), with the unexecuted order backlog reaching INR 18,964 crore (81% higher YoY).
Consolidated Financials
On a consolidated basis, CG Power reported a 30% YoY increase in sales to INR 3,802 crore for Q2 FY27. Consolidated PBT was 44% higher at INR 559 crore. The consolidated order intake for the quarter grew by 78% YoY to INR 8,485 crore, and the unexecuted order backlog stood at INR 23,646 crore as of September 30, 2026.
Key Strategic Developments
The company highlighted several key strategic events, including strengthening its power infrastructure manufacturing capabilities with the rollout of the first transformer from its new facility in Madhya Pradesh on September 4, 2026. Additionally, Axiro Semiconductor, a wholly-owned subsidiary, acquired 100% of Tosil Systems Private Limited for INR 16.44 crore. CG also approved several capital expenditure projects aimed at enhancing manufacturing capacity across its divisions, including the S1 Unit (OIP) in Ambad, S3 Unit-II Phase 2 for EHV circuit breaker manufacturing, and GIS brownfield project in Vilholi.
Amar Kaul, Group CEO and Managing Director, commented, “This is an exceptional quarter for us, with standalone revenues growing by 32% YoY and an EBITDA margin of 18.2% for the quarter. These results are a cumulative outcome of our teams executing with discipline, day after day, across every business by leveraging CG EDGE – our operating model.”
Source: BSE
