Logotype for CG Power & Industrial Solutions Ltd

CG Power & Industrial Solutions (CGPOWER) Q3 25/26 earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for CG Power & Industrial Solutions Ltd

Q3 25/26 earnings summary

8 Jul, 2026

Executive summary

  • Achieved all-time high standalone revenue and PBT for Q3 FY26, with 22% year-over-year sales growth and 35% PBT growth before exceptional items.

  • Unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, were approved and reviewed by the Board and auditors.

  • Interim dividend of ₹1.30 per equity share declared, with record date set for February 1, 2026.

  • Robust order intake and backlog, with unexecuted order backlog up 66% year-over-year to INR 14,859 crores.

  • Secured the largest-ever export order (INR 900 crores) for power transformers to a U.S. data center project.

Financial highlights

  • Standalone Q3 revenue from operations: ₹2,909.44 crore, up from ₹2,388.97 crore YoY; nine months revenue: ₹8,202.12 crore, up from ₹6,765.57 crore YoY.

  • Standalone Q3 net profit: ₹311.65 crore, up from ₹242.06 crore YoY; nine months net profit: ₹905.22 crore, up from ₹698.97 crore YoY.

  • Consolidated Q3 revenue from operations: ₹3,175.35 crore, up from ₹2,515.68 crore YoY; nine months revenue: ₹8,976.19 crore, up from ₹7,155.89 crore YoY.

  • Consolidated Q3 net profit: ₹283.91 crore, up from ₹237.85 crore YoY; nine months net profit: ₹835.22 crore, up from ₹698.72 crore YoY.

  • Exceptional item of ₹35.57 crore (₹26.60 crore net of tax) due to new labour codes, classified as non-recurring.

Outlook and guidance

  • Management remains bullish on the power sector, expecting sustained growth through at least 2029, supported by government infrastructure expansion.

  • Export order pipeline for power has increased by over 50% year-over-year, with multi-quarter visibility.

  • Margins in power systems expected to remain strong, with disciplined order intake and backlog management.

  • Management remains confident regarding ongoing direct tax litigations, expecting favorable outcomes.

  • The company will continue to monitor regulatory clarifications on new labour codes and adjust accounting as needed.

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