CG delivers another strong quarter; Q1 revenue and PBT cross new highs amid broad-based growth

CG delivers another strong quarter; Q1 revenue and PBT cross new highs amid broad-based growth​

CG Power and Industrial Solutions Limited announced its financial results for the quarter ended June 30, 2026, highlighting continued profitable growth across the company's operations. The results show a significant increase in profitability metrics, marking a strong start to the fiscal year.

The company reported that Q1 FY27 sales grew by 16% Year-on-Year (YoY), while Profit Before Tax (PBT) saw a rise of 27% YoY, indicating an expansion in margins.

Standalone Financial Highlights​

CG reported strong financial results at the standalone level, with sales reaching INR 3,061 Crores, EBITDA at INR 518 Crores, and PBT at INR 487 Crores. These figures represent a high point for Q1 recently.

The performance in the quarter was further supported by operational momentum, as the order book rose 45% YoY to INR 17,333 Cr, providing multi-quarter revenue visibility.

Standalone Financial Results Summary (INR Crores)

Consolidated Performance and Market Outlook​

At the consolidated level, aggregate sales stood at INR 3,281 Cr, marking a 14% growth YoY. Net Profit After Tax (PAT) increased by 16%, reaching INR 308 Cr, compared to INR 267 Cr in Q1 FY26.

The company’s Return on Capital Employed (ROCE) stood at 20% for the quarter. The order intake for the consolidated entity was INR 5,211 Cr, and the Unexecuted Order backlog as of June 30, 2026, stood at INR 18,965 Cr, reflecting a 45% increase YoY.

Commentating on the results, Amar Kaul, Group CEO and Managing Director stated, "This quarter continues to reflect steady, disciplined execution in an uncertain external environment. While global trade realignments, currency volatility, and elevated input costs remain part of the landscape, we continue adapting effectively. Our demand drivers remain intact and diversified, spanning grid modernisation, renewable integration, rail modernisation, and electronics manufacturing in India..."

Segment Performance Analysis​

The company's performance was segmented across Industrial Systems and Power Systems.

Industrial Systems Segment
Sales for the Industrial Systems segment reached INR 1,671 Cr, a 6% YoY increase. Profit Before Interest and Tax (PBIT) was reported at INR 148 Cr, which is down from INR 172 Cr in Q1 FY26. The margin deviation in this segment was attributed largely to a one-off provision of INR 20 Cr within the Railways business.
The order intake for this segment was INR 1,586 Cr, and the Unexecuted Order backlog stood at INR 2,899 Cr as of June 30, 2026.

Power Systems Segment
The Power systems division saw robust growth, with sales rising by 31% YoY to INR 1,402 Cr. The PBIT for the segment was INR 324 Cr, up from INR 225 Cr in Q1 FY26. This reflects a strong margin expansion of 209 basis points (bps), driven by disciplined execution and operating leverage.
The Power systems segment registered an order intake of INR 3,106 Cr, with the Unexecuted Order Backlog standing at INR 14,434 Cr as of June 30, 2026, offering revenue visibility for several future quarters.

Key Business Events and Milestones​

CG Power and Industrial Solutions Limited reported several significant events across its operations:

• Facility Commissioning: On June 4, 2026, the company announced the commissioning of its S3 Unit-II extra high voltage (EHV) switchgear manufacturing facility in Pimpalgaon Garudeshwar, Nashik, Maharashtra. This new facility will produce EHV Circuit Breakers in the 33 kV to 245 kV range and expands existing capacity by 80%.
• CG Semi Production Start: CG Semi Private Limited (CG Semi), a subsidiary of the company, commenced commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand on July 4, 2026.
• Auditor Change: S.R. Batliboi & Associates LLP intends to resign as CG's statutory auditors with effect from close of business hours on August 14, 2026, following the completion of their ten-year tenure in line with the Companies Act, 2013.

CGPOWER Stock Price Movement​

Shares of CG Power and Industrial Solutions Limited today slipped by 2.95% to settle at ₹857.75. The stock traded a volume of 8.40 million shares, reflecting the daily decline.