CG Power reported strong FY26 results with consolidated revenue up 25% to ₹12,418 crore and PAT growing 23% to ₹1,196 crore. A robust order book and semiconductor expansion signal future growth.
CG Power's Stellar FY26: Revenue Jumps 25%, PAT Grows 23%
Consolidated Revenue: ₹12,418 crore (25% growth)
Consolidated PAT: ₹1,196 crore (23% growth)
Reader Takeaway: Strong revenue and profit growth with robust order book amid expansion plans.
What Just Happened
CG Power and Industrial Solutions has announced its financial results for the year ended March 31, 2026. The company reported a consolidated revenue of ₹12,418 crore, an increase of 25% compared to the previous year's ₹9,909 crore. Standalone revenue also saw a healthy jump of 21% to ₹11,331 crore. Profitability improved significantly, with consolidated Profit After Tax (PAT) rising by 23% to ₹1,196 crore, up from ₹973 crore. Standalone PAT saw an even larger increase of 35%, reaching ₹1,317 crore from ₹974 crore.
The company's closing consolidated order book stands strong at ₹17,107 crore, providing good revenue visibility for the coming periods. Order intake for FY26 was ₹19,616 crore.
Why This Matters
These strong financial results indicate a period of significant growth for CG Power, driven by its core businesses and strategic expansion initiatives. The substantial increase in revenue and profits, coupled with a strong order book, suggests positive momentum and a healthy demand for the company's products and services. The successful capital raising and operationalisation of key projects are also key indicators of future potential.
The Backstory
CG Power has been undertaking several strategic initiatives to bolster its growth trajectory. These include expanding its manufacturing capacities in the power systems segment and venturing into the semiconductor ecosystem. The company had previously raised capital to fund these ambitious expansion plans.
What Changes Now
The company's operationalisation of its OSAT facility in Sanand, Gujarat, marks a significant step into the semiconductor value chain. Expansion in transformer and switchgear capacities aims to cater to growing power infrastructure needs. The strong financial performance validates these strategic moves and provides a foundation for future growth.
Risks to Watch
Investors should be mindful of commodity price volatility, particularly for copper, steel, and crude oil, which can impact profit margins. Geopolitical risks, including conflicts in the Middle East, could pose challenges to supply chain stability.
Peer Comparison
(No peer comparison data available in the filing.)
Context Metrics
- Consolidated revenue for FY2025-26 stood at ₹12,418 crore, a 25.32% increase from ₹9,909 crore in FY2024-25.
- Standalone revenue for FY2025-26 was ₹11,331 crore, up 21.46% from ₹9,329 crore in FY2024-25.
- Consolidated PAT for FY2025-26 was ₹1,196 crore, a 22.92% increase from ₹973 crore in FY2024-25.
- Standalone PAT for FY2025-26 was ₹1,317 crore, a 35.21% increase from ₹974 crore in FY2024-25.
- The closing order book was ₹17,107 crore.
- The company raised ₹3,000 crore via QIP in July 2025.
- CG Semi's OSAT facility (G1) in Sanand, Gujarat, began operations in August 2025.
- Transformer capacity expanded to ~75,000 MVA, with plans to reach 1,20,000 MVA.
- An interim dividend of ₹1.30 per equity share was declared for FY2025-26.
What to Track Next
Investors will be keen to watch the execution of the company's expansion projects in the semiconductor and power systems segments, the impact of commodity price fluctuations on margins, and overall revenue growth trajectory in the coming quarters.