CG Power Records Strong FY26 Performance with Record Q4 Standalone Revenue

CG Power Records Strong FY26 Performance with Record Q4 Standalone Revenue​

CG Power and Industrial Solutions Limited announced a solid performance for the quarter and full year ended March 31, 2026. The company reported strong operating discipline and order momentum, capping off a record fiscal year for the entity.

In the fourth quarter of FY26, standalone sales grew 22% Year Over Year (YoY), and Profit Before Tax (PBT) increased 43% YoY, marking the highest standalone revenue and PBT reported to date. For the full fiscal year 2026, standalone sales grew 21% YoY, and PBT grew 34% YoY, establishing it as the strongest standalone fiscal performance.

Order flow remained robust during the quarter, pushing the order backlog up 59% YoY to INR 15,719 Crores, which provides strong revenue visibility for FY27. Standalone sales for the quarter reached INR 3,129 Crores, with an EBITDA of INR 573 Crores and a PBT of INR 547 Crores, the highest levels reported in recent times.

Financial Highlights (Standalone)​

The financial results for the standalone entity for FY26 show significant growth compared to the previous year.

Consolidated Results and Segment Performance​

The consolidated results reveal that aggregate sales for the year were up at INR 12,418 Crores, marking a 25% YoY growth. Consolidated PAT for FY26 reached INR 1,197 Crores, growing 23% YoY.

Consolidated sales for the quarter were INR 3,442 Crores, recording a 25% YoY growth. Consolidated PAT grew 32% YoY to INR 362 Crores. The Unexecuted Order backlog as of March 31, 2026, was INR 17,107 Crores, representing a 61% higher YoY increase.

Performance was segmented into Industrial Systems and Power Systems.

Industrial Systems Segment
The Industrial Systems division reported sales of INR 1,643 Crores in Q4 FY26, a 5% YoY increase. For the full year FY26, sales were at INR 6,197 Crores, growing 6% YoY.

Power Systems Segment
The Power Systems segment showed strong growth, reporting aggregate sales of INR 1,487 Crores in Q4 FY26, marking a 50% YoY jump. For the year, sales reached INR 5,138 Crores, a rise of 46% YoY.

Key Corporate Developments and Wins​

CG bagged several significant orders and executed key corporate actions during the period.

Notable transactions include:

• Securing the largest single domestic order for the Transformers business from PowerGrid Corporation of India Limited (PGCIL) for the supply and servicing of 765kV Transformer Package 7TR-12Bulk, valued at approximately INR 641 Crores. This order is expected to be completed over 18 to 36 months.
• Winning another large single order of INR 244 Crores for EHV Business from Techno electric for the supply of packaging instrument transformer, circuit breakers and lightning arrestors.
• Successfully placing a major export order for INR 900 Crores from Tallgrass Integrated Logistics Solutions LLC USA for power transformers destined for a large-scale data center project in the United States. This order is expected to be executed over 12 to 20 months.

On the financial front, the Board of Directors, at its meeting on January 27, 2026, approved the payment of an Interim Dividend of INR 1.30 per equity share.

Furthermore, CG Semi Private Limited unveiled one of India's first end-to-end Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on August 28, 2025. This G1 facility establishes the company as a full-service OSAT provider, offering solutions for both traditional and advanced packaging technologies. The facility has a peak capacity of 0.5 million units per day, with the G2 facility under construction slated to reach 14.5 million units per day upon completion.

Separately, the Board of Directors also approved a Greenfield expansion for the Switchgear business at an investment of INR 748 Crores (net of taxes), aimed at catering to the expected increased demand in the domestic and export markets for MV/EHV circuit breakers, instrument transformers and Gas Insulated Switchgear (GIS).

CGPOWER Stock Price Movement​

Shares of CG Power and Industrial Solutions Limited are edging higher to ₹830.05 as of 3:16 PM today, rallying by 0.38% in live trading. The stock’s gains of ₹3.15 are buoyed by robust investor action, with the equity trading over 7.87 million shares in the current session.