CG Power & Industrial Solutions (CGPOWER) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 saw strong results with sales up 16% year-over-year and PBT up 27% year-over-year, with 140 bps margin expansion.

• Board approved unaudited standalone and consolidated financial results for Q1 FY27, showing strong revenue and profit growth year-over-year.

• Order book rose 45% year-over-year to INR 17,333 crore, providing multi-quarter revenue visibility.

• Consolidated sales grew 14% year-over-year to INR 3,281 crore; consolidated PAT up 16% to INR 308 crore.

• Brownfield expansion for EHV GIS manufacturing at Nashik approved to double capacity, with a Rs. 35.17 crore investment.

Financial highlights

• Standalone sales for Q1 FY 2027 reached INR 3,061 crore, up 16% year-over-year.

• Standalone PAT was INR 364 crore (11.9% of sales), up from INR 286 crore (10.8%) in Q1 FY 2026.

• Consolidated revenue from operations for Q1 FY27 was ₹3,280.81 crore, up from ₹2,878.05 crore in Q1 FY26.

• Order intake for the quarter was INR 4,692 crore (standalone) and INR 5,211 crore (consolidated).

• Unexecuted order backlog at INR 18,965 crore, up 45% year-over-year.

Outlook and guidance

• Management expects continued strong demand and robust order pipeline across segments.

• Brownfield expansion to be completed in 4-6 months, expected to double EHV GIS manufacturing capacity to meet higher order intake.

• 87% of brownfield assets to be transferred to a new greenfield facility upon commissioning.

• No explicit forward-looking margin guidance, but operating discipline and execution to continue.

• Semiconductor and Exero businesses to see ongoing investment and gradual ramp-up.