CG Power and Industrial Solutions shares slipped over 3% in trade after the company reported its Q3 earnings, with headline numbers coming in below market expectations even as year-on-year growth remained strong across key parameters.
CG Power and Industrial Solutions reported a net profit of ₹284 crore for the quarter, missing the CNBC-TV18 poll estimate of ₹314.7 crore. Revenue for the period stood at ₹3,175.4 crore, also slightly lower than the Street expectation of ₹3,204.8 crore. EBITDA came in at ₹397.4 crore compared with the poll forecast of ₹425 crore, while operating margin was reported at 12.5%, below the estimated 13.3%.
On a year-on-year basis, the company delivered healthy growth. Net profit rose 19.3% from ₹237.8 crore in the corresponding quarter last year, supported by strong execution and higher scale. Revenue increased 26.2% to ₹3,175.4 crore from ₹2,515 crore a year ago, reflecting sustained demand across key segments. EBITDA grew 20% year-on-year to ₹397.4 crore from ₹330.3 crore, although margins moderated.
The EBITDA margin declined to 12.5% in Q3 from 13.1% in the year-ago period, indicating some pressure on profitability despite higher revenues.
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