CG Power and Industrial Solutions Limited has reported a strong performance for the fiscal year ended March 31, 2026. The company achieved its highest-ever standalone revenue and PBT, driven by robust order momentum and operational efficiency. Consolidated sales grew by 25% YoY to INR 12,418 crore, while the standalone order backlog surged by 59% to INR 15,719 crore, providing significant revenue visibility for the upcoming fiscal year.
Financial Highlights of FY26
CG Power delivered a strong finish to the fiscal year, with standalone sales for the full year rising 21% YoY to INR 11,331 crore. The Profit Before Tax (PBT) for the year grew by 34% YoY, reflecting 143 bps of margin expansion. The quarterly standalone performance was equally impressive, with sales reaching INR 3,129 crore in Q4 FY26, representing a 22% YoY increase.
Segment Performance
The Power Systems segment led growth with a stellar performance, reporting an annual sales increase of 46% YoY to INR 5,138 crore and a significant 281 bps margin expansion. Meanwhile, the Industrial Systems segment maintained an upward trajectory, recording INR 6,197 crore in annual sales, despite volatile commodity costs, with management focusing on structural improvements and mix shaping to drive future profitability.
Key Strategic Milestones
The company achieved several landmark events during the fiscal year, including:
- Securing its largest-ever single export order of INR 900 crore from Tallgrass Integrated Logistics Solutions LLC, USA, for power transformers.
- Bagging a 765kV Transformer Package order worth approximately INR 641 crore from PowerGrid Corporation of India Limited (PGCIL).
- The successful launch of the CG Semi Private Limited OSAT facility in Sanand, Gujarat, marking a strategic entry into the semiconductor assembly and testing market.
- Raising INR 3,000 crore through a successful Qualified Institutional Placement (QIP), which saw participation from major domestic and global investors.
Future Outlook
With an unexecuted order backlog of INR 17,107 crore on a consolidated basis—a 61% growth YoY—CG Power is well-positioned for the future. The company continues to invest in expansion, including a greenfield project for its Switchgear business approved in October 2025, to meet the rising demand for MV/EHV circuit breakers and Gas Insulated Switchgear (GIS).
Source: BSE
