CG Power and Industrial Solutions Limited has announced its Q3 results, revealing mixed financial performance for the quarter.
The company’s net profit witnessed a sharp decline of 68% year-on-year, dropping to ₹240.5 crore from ₹747 crore in the same period last year. Despite the decline in net profit, revenue showed significant growth, increasing by 27% to ₹2,516 crore compared to ₹1,979 crore in the previous year.
The company’s EBITDA also improved by 27%, reaching ₹332 crore as against ₹262 crore a year ago. However, the EBITDA margin remained unchanged at 13.2%, indicating stable operational efficiency despite revenue growth.
In addition to its financial performance, CG Power announced plans to establish a greenfield transformer manufacturing facility with a production capacity of 45,000 MVA. The company is set to invest ₹712 crore in this project, aligning with its long-term strategy to expand manufacturing capabilities and cater to the growing demand for power infrastructure.
In the meantime, CG Power shares opened at ₹599 today, reaching a high of ₹602.70 and a low of ₹517.75. The stock’s 52-week range stands between ₹420.25 and ₹874.70, indicating significant volatility. As of 2:37 AM, the shares were trading 3.21% lower at Rs 576.35.
