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CG Power Q2 Results FY24-25 Highlights: Revenue and Profit Performance

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CG Power reported a robust Q2 FY24-25 with consolidated revenue reaching ₹2,413 Cr and Profit After Tax (PAT) at ₹220 Cr. Despite a slight dip in profit margins, the company posted significant growth in its order intake and maintained a healthy backlog of orders.

Key Highlights/Quick Insights

  • Sales: ₹2,413 Cr, up by 21% YoY
  • PAT: ₹220 Cr, down by 10% YoY
  • EBITDA: ₹324 Cr, marginally down by 1% YoY
  • Order Backlog: ₹7,965 Cr, a growth of 48% YoY
  • ROCE: 32% for Q2 FY24-25
  • PBT: Rs. 294 crores (12.2% of sales) in Q2FY25 as against Rs 303 crores (15.1%
  • of sales) in Q2FY24.
  • Free cash flow (FCF): Stood at Rs.223 crores for the quarter. 

CG POWER AND IND SOL LTD

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788.2-9.00 (-1.12 %)

Updated - 11 December 2024
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Quarterly - CG Power Q2 Results FY24-25

In Q2 FY24-25, CG Power recorded growth in sales and maintained strong operational performance across segments. Below is a detailed quarterly financial breakdown:

Particulars

Q2 FY25

YoY Change

QoQ Change

Sales

₹2,413 Cr

21%

8%

EBITDA

₹324 Cr

-1%

-10%

PAT

₹220 Cr

1%

-9%

PBT

₹294 Cr

-3%

-12%

Order Backlog

₹7,965 Cr

48%

-

Segment Highlights

  • Industrial Systems: Sales rose to ₹1,425 Cr, with 11% YoY growth. However, EBITDA margins contracted to 12.3% due to sluggish demand in the motors business.
  • Power Systems: Strong growth with sales at ₹846 Cr, marking a 37% YoY increase. PBIT margins expanded to 17.6%, driven by operational efficiency.

Sector Expectations for CG Power Q2 Results FY24-25

CG Power's Q2 performance aligns with industry expectations, particularly in the power systems sector, which experienced higher demand. The company’s expansion plans in transformer capacity aim to cater to the growing market for energy solutions. However, most of the financial metrics are down YoY.

Management Commentary

CG Power’s leadership emphasized their commitment to improving operational efficiency while expanding business segments like power systems. The company is also actively pursuing acquisitions, including the semiconductor foray, as part of its long-term growth strategy.

Check out CG Power's past performances in previous quarters and financial years.  

Conclusion:

CG Power’s Q2 FY24-25 results demonstrate its resilience amidst a challenging environment. With consistent growth in order intake and strategic acquisitions, the company is well-positioned for future expansion. As demand for power systems continues to rise, CG Power’s focus on operational excellence and capacity expansion will play a key role in driving profitability.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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