CG Power reported strong FY26 results with standalone revenue up 21% to ₹11,331 crore and net profit at ₹1,317 crore. The company is expanding capacity and its semiconductor business.
CG Power & Industrial Solutions FY26 Results
Standalone Revenue (FY 2025-26): ₹11,331 crore
Consolidated Net Profit (FY 2025-26): ₹1,206 crore
Reader Takeaway: Strong revenue and profit growth, strategic capacity expansion and semiconductor business development show future potential.
What just happened
CG Power and Industrial Solutions announced its financial results for the fiscal year 2025-26. Standalone revenue saw a significant increase of 21% to ₹11,331 crore, compared to ₹9,329 crore in the previous year. Consolidated revenue grew to ₹12,418 crore from ₹9,909 crore. Standalone net profit surged by 35% to ₹1,317 crore, while consolidated net profit was ₹1,206 crore.
Why this matters
The robust financial performance indicates healthy demand across the company's segments. The significant increase in revenue and profit, alongside a substantial order book of ₹17,107 crore, provides strong visibility for future earnings. Strategic investments in capacity expansion and the burgeoning semiconductor business signal a focus on long-term growth and diversification.
The backstory
CG Power has been focusing on strengthening its core businesses and expanding into new, high-growth areas. The company recently raised ₹3,000 crore via a QIP in July 2025 to fund these expansions. Its Power Systems business has been a key driver, with the Industrial Systems segment also showing growth.
What changes now
With the approval of a new greenfield switchgear facility and the operationalization of its first OSAT facility in Sanand, CG Power is poised to enhance its manufacturing capabilities. The expansion of transformer capacity to 1,20,000 MVA and scaling semiconductor production are key strategic moves.
Risks to watch
Investors should monitor the impact of commodity price volatility (copper, steel, oil) on profit margins. Increased competition in its core segments could also put pressure on pricing power. Geopolitical risks and global supply chain disruptions remain potential concerns.
Peer comparison
CG Power operates in the capital goods and electrical equipment sector. Companies like ABB India, Siemens India, and KEC International are key players. CG Power's segment growth in Power Systems and Industrial Systems is a positive differentiator.
Context metrics (time-bound)
Standalone Revenue (FY 2025-26): ₹11,331 crore
Consolidated Revenue (FY 2025-26): ₹12,418 crore
Standalone Net Profit (FY 2025-26): ₹1,317 crore
Consolidated Order Intake (FY 2025-26): ₹19,616 crore
Consolidated Closing Order Backlog (FY 2025-26): ₹17,107 crore
Return on Capital Employed (Standalone): 22.08%
What to track next
Investors will be keen to observe the execution of capacity expansions, the ramp-up of the semiconductor business, and how the company navigates margin pressures from commodity prices and competition.