CG Power and Industrial Solutions Limited Reports Strong Q1 FY27 Results; Net Profit Up 27% to ₹364 Crore

BY ADMIN • FILED 25 Jul 2026, 10:12 AM

CG Power and Industrial Solutions Limited has announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), delivering strong growth in revenue and profitability. The company reported its highest-ever first-quarter revenue and profit before tax (PBT), supported by robust demand across its Power Systems and Industrial Systems businesses, healthy order inflows, and disciplined operational execution.

Alongside the financial results, the company also issued a revised press release stating that its statutory auditors, S R B C & CO LLP, intend to resign with effect from the close of business on August 14, 2026.

Standalone Q1 FY27 Financial Highlights

CG Power reported healthy year-on-year growth across all major financial metrics.

Revenue from Operations: Increased 16% YoY to ₹3,061 crore, compared with ₹2,643 crore in Q1 FY26.
Profit After Tax (PAT): Rose 27% YoY to ₹364 crore, representing 11.9% of revenue, versus ₹286 crore in the corresponding quarter last year.
EBITDA: Grew 27% YoY to ₹518 crore.
EBITDA Margin: Expanded by 150 basis points to 16.9%.
Profit Before Tax (PBT): Increased 27% YoY to ₹487 crore.
Annualized Return on Capital Employed (ROCE): Stood at 23%.

The performance reflects strong operating leverage, efficient cost management, and sustained demand across the company’s core businesses.

Power Systems Delivers Strong Growth

The Power Systems segment continued to be the key growth driver during the quarter.

Revenue: Increased 31% YoY to ₹1,402 crore.
Segment BIT: Rose 44% YoY to ₹324 crore.
BIT Margin: Improved to 23.1%.
Order Intake: Reached ₹3,106 crore during the quarter.

The growth was driven by strong project execution, higher operating leverage, and continued demand across transmission and distribution infrastructure.

Industrial Systems Maintains Growth Momentum

The Industrial Systems business also delivered positive performance despite a one-time impact.

Revenue: Increased 6% YoY to ₹1,671 crore.
Segment BIT: Stood at ₹148 crore.

The company noted that profitability was impacted by a one-time provision of ₹20 crore relating to its Railways business. Excluding this exceptional provision, the segment continued to demonstrate healthy operational performance, supported by double-digit order growth in the motors business.

Order Book Reaches Record Levels

CG Power maintained strong commercial momentum during Q1 FY27.

Total Order Intake: ₹4,692 crore
Unexecuted Order Book: ₹17,333 crore as of June 30, 2026, representing 45% year-on-year growth.

The robust order backlog provides strong revenue visibility for the coming quarters and reflects sustained demand across the company’s key end markets.

Consolidated Financial Performance

On a consolidated basis, the company also reported healthy growth.

Revenue from Operations: ₹3,281 crore, up 14% YoY.
Net Profit: ₹308 crore, an increase of 16% YoY.

The consolidated performance underscores the continued strength of CG Power’s diversified business portfolio and its ability to execute efficiently across multiple business segments.

Auditor Update

In a separate regulatory disclosure, CG Power clarified that its statutory auditors, S R B C & CO LLP, have expressed their intention to resign as the company’s statutory auditors with effect from the close of business hours on August 14, 2026. The company issued the clarification through a revised press release accompanying its quarterly results.