CG Power & Industrial Solutions Q1 Results Revenue Up 1.63% QoQ and 18.86% YoY

CG Power & Industrial Solutions Q1 Results: CG Power & Industrial Solutions' Q1 results for June 2024 show a mix of positive and negative changes compared to previous periods. The company's total revenue increased to ₹2,227.52 crores, up 1.63% from the previous quarter (March 2023) and 18.86% from the same quarter last year (June 2023). This suggests the company is generating more sales and business is growing.

CG Power & Industrial Solutions’ expenses related to selling, general, and administration went up to ₹141.04 crores, which is a 1.87% increase from the previous quarter and 18.60% compared to last year. However, depreciation and amortization costs slightly decreased by 0.12% from the last quarter and 0.99% from the same quarter last year, reflecting stable asset value management.

CG Power & Industrial Solutions’ Other operating expenses rose to ₹227.21 crores, showing a significant 13.52% decrease from the previous quarter but an increase of 25.59% compared to last year. Total operating expenses were ₹1,924.45 crores, up 17.90% from last year but a slight decrease from the previous quarter. Despite these expenses, operating income improved by 19.48% from the last quarter and 25.41% year-over-year.

CG Power & Industrial Solutions’ Net income before taxes increased by 11.55% from the last quarter and 27.58% year-over-year, indicating better profitability before accounting for taxes. However, net income itself fell by 3.23% from the previous quarter but rose by 18.37% from the same quarter last year. The diluted normalized earnings per share (EPS) slightly increased by 1.21% from the previous quarter and 23.15% year-over-year, reflecting improved earnings for shareholders. Overall, CG Power & Industrial Solutions is showing growth in revenue and operating income, but faces mixed results in net income and expenses.

Here is a summary of CG Power & Industrial Solutions' Q1 results:

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CG Power & Industrial Solutions Q1 Results

CG Power & Industrial Solutions earned a total income of ₹2139.76 crore in the quarter ending June 30, 2024. This includes ₹2106.41 crore from their main business operations and ₹33.35 crore from other sources. Their total expenses amounted to ₹1814.73 crore. This includes costs for materials, stock purchases, changes in inventory, employee salaries, finance costs, and other expenses. Specifically, they spent ₹1481.14 crore on materials, ₹97.47 crore on stock, and ₹113.60 crore on employee benefits. They also incurred ₹20.88 crore in depreciation and ₹212.93 crore in other expenses.

CG Power & Industrial Solutions after subtracting these expenses from their income, the company had a profit of ₹325.03 crore before accounting for exceptional items and taxes. There were no exceptional items this quarter. After paying taxes, which totaled ₹92.90 crore, the company's net profit was ₹232.13 crore. The total comprehensive income, which includes additional financial items, came to ₹229.95 crore.

CG Power & Industrial Solutions’ equity, or the value of shares issued, was ₹305.58 crore, and their reserves were ₹2939.97 crore. The earnings per share, a measure of profit allocated to each share, was ₹1.52 for both basic and diluted shares.

Here’s the financial summary in a table format:

CG Power & Industrial Solutions Financial Performance

CG Power & Industrial Solutions has a market capitalization of ₹1,05,388 crore, indicating its total value in the stock market. The current stock price is ₹690, with a high of ₹784 and a low of ₹359 over a certain period. The Price-to-Earnings (P/E) ratio is 117, showing how much investors are willing to pay for each rupee of earnings. The book value, which is ₹19.8, represents the company’s net asset value per share. 

Here's the stock information in table format:

Quarterly Results 

The table shows financial results for CG Power & Industrial Solutions for Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company earned ₹1,979 crores in sales and had ₹1,718 crores in expenses, resulting in an operating profit of ₹261 crores with a 13% profit margin. The net profit was ₹748 crores, and the EPS (earnings per share) was ₹4.89. By Mar 2024, sales increased to ₹2,192 crores, expenses rose to ₹1,908 crores, and operating profit grew to ₹284 crores.

Here’s the table with the figures for Dec 2023, Mar 2024, and Jun 2024:

About CG Power & Industrial Solutions 

CG Power and Industrial Solutions is a major engineering company based in Mumbai, India. Founded in 1937, CG Power has grown into a global leader in the electrical engineering industry. The company provides a wide range of products and services for power and industrial equipment. This includes everything from induction motors, drives, transformers, and switchgears to more specialized equipment like traction motors and propulsion systems used in Indian Railways.

CG Power and Industrial Solutions has recently expanded into consumer appliances such as fans, pumps, and water heaters. They have manufacturing plants in nine locations across India and one in Sweden, along with a network of 19 regional and branch offices throughout India. The company employs around 3,113 people and is known for its high-quality products and solutions.

CG Power’s portfolio is divided into two main areas: Industrial Systems and Power Systems. Industrial Systems cover motors, railway equipment, and consumer goods, while Power Systems focus on power-related products. With a reputation for innovation and reliability, CG Power continues to enhance industrial and personal life both in India and around the world.