CG Power & Industrial Solutions (CGPOWER) Q3 25/26 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 25/26 earnings summary
8 Jul, 2026Executive 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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