CG Power Strong Q2FY26 Results Driven by Transformation Momentum

CG Power announced a strong Q2FY26 performance, driven by transformation initiatives. Sales grew by 17% YoY, order intake by 32% YoY, and PAT by 38% YoY. The company achieved record quarterly standalone revenue and PBT. The order backlog strengthened to INR 13,568 Cr, providing multi-quarter visibility. Sales reached INR 2,649 Cr, with EBITDA of INR 435 Cr and PAT of INR 307 Cr.

Financial Highlights

CG Power delivered strong Q2FY26 results, demonstrating accelerated transformation momentum:

• Sales grew by 17% YoY.
• Order intake increased by 32% YoY.
• PAT rose by 38% YoY.

This performance led to record quarterly standalone revenue and PBT.

Key Financial Figures (Standalone)

• Sales:INR 2,649 Cr (up 17% from Q2 FY25)
• EBITDA:INR 435 Cr (up 35% from Q2 FY25)
• EBITDA Margin:16.4%
• PBT:INR 409 Cr (up 37% from Q2 FY25)
• PAT:INR 307 Cr (up 38% from Q2 FY25)
• PAT Margin:11.6%

Segment Performance: Industrial Systems

The Industrial Systems segment reported resilient performance amidst project deferments and demand moderation:

• Sales:INR 1,395 Cr (down 2% YoY)
• PBIT:INR 135 Cr (down 19% YoY)
• Order intake for the quarter was INR 1,567 Cr and Unexecuted Order Backlog at INR 3,094 Cr

Segment Performance: Power Systems

The Power Systems segment showed strong growth and margin expansion:

• Sales:INR 1,254 Cr (up 48% YoY)
• PBIT:INR 260 Cr
• Order intake for the quarter was INR 2,643 Cr and Unexecuted Order Backlog at INR 10,474 Cr

Consolidated Financial Highlights

• Sales:INR 2,923 Cr (up 21% YoY)
• PAT:INR 284 Cr (up 30% YoY)
• Order intake for the quarter was up 45% YoY at INR 4,772 Cr and Unexecuted Order backlog at INR 14,953 Cr

Key Developments

CG Semi Private Limited unveiled its Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, positioning itself as one of India’s first full-service OSAT providers. The company is also eligible for capital assistance for setting up this OSAT facility.

The Board of Directors approved a Greenfield expansion for Switchgear business at an investment of INR 748 Cr.

Source: BSE