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CG Power and Industrial Solutions Q2 Profit Jumps 44% to ₹409 Crore
Sentiment: NeutralHigh Priority
What Happened?
CG Power and Industrial Solutions reported a 44% increase in consolidated net profit to ₹409.09 crore for Q2 FY27, driven by higher revenues. Total income rose to ₹3,883.25 crore from ₹2,988.89 crore in the same quarter last year.
Key points
- The company's profit after tax (PAT) was ₹284.44 crore in the same quarter last year.
- Revenue from the power systems segment increased to ₹1,766.76 crore from ₹1,254.49 crore year-on-year.
- Industrial systems revenue rose to ₹1,868.61 crore from ₹1,533.33 crore in Q2 FY26.
- The board approved increasing capex investment for the GIS brownfield project at Vilholi, Nashik, from ₹35.17 crore to ₹44.62 crore.
- An investment of ₹15.31 crore was approved to enhance EHV circuit breaker manufacturing capacity by 3,600 units annually.
Key insights
- The significant profit increase could enhance CG Power's market position and investor confidence.
- Increased revenues from both power and industrial systems suggest a diversified growth strategy.
- The approved investments may lead to improved operational capacity and future revenue streams.
Why it matters
The profit increase indicates strong performance and growth potential for CG Power, which may attract investor interest.
Tags
Entities
CG Power and Industrial Solutions· CompanyMumbai· City
Source
Business Standard
