CG Power and Industrial Solutions Posts Record Q1 FY25 Results

CG Power Achieves Record Sales and Profit in Q1 FY25

Mumbai, India – CG Power and Industrial Solutions Limited announced its financial results for the first quarter ended June 30, 2024. The company reported significant growth in sales and profit, marking the highest figures recorded in a single quarter in recent times.

Financial Results for Q1 FY25

H2: Standalone Financial Highlights

• Sales Growth: Aggregate sales for Q1 FY25 reached Rs. 2,106 crores, a 19% increase year-on-year (YoY).
• Profit Before Tax (PBT): PBT rose to Rs. 325 crores, reflecting a 27% growth from Q1 FY24.
• Margins: Margins improved to 15.4% of sales from 14.5% in the previous year, driven by higher realizations, a favorable product mix, and cost efficiencies in power systems.
• Free Cash Flow: The company generated a free cash flow of Rs. 63 crores for the quarter.
• Return on Capital Employed (ROCE): The annualized ROCE for Q1 FY25 stood at 39%.
• Order Book: The unexecuted order book as of June 30, 2024, was 44% higher YoY at Rs. 7,054 crores.

H3: Segment Performance - Industrial Systems