CG Power posts strong Q4 and record FY26 performance
CG Power and Industrial Solutions Limited reported strong growth in the quarter ended March 31, 2026, alongside record financial performance for the full fiscal year, supported by steady order inflows and operational execution.
For Q4 FY26, consolidated net profit rose 33.4% to Rs 365.5 crore from Rs 274 crore year-on-year. Revenue increased 25% to Rs 3,441.8 crore compared to Rs 2,752 crore. EBITDA grew 34.5% to Rs 466.6 crore from Rs 345.8 crore, with margins improving to 13.5% from 12.6%.
On a standalone basis, FY26 sales rose 21% year-on-year to Rs 11,331 crore. Profit before tax (PBT), before exceptional items, increased 34% to Rs 1,793 crore, while EBITDA rose 32% to Rs 1,894 crore. EBITDA margin expanded by 130 basis points to 16.7%. Profit after tax (PAT), before exceptional items, grew 39% to Rs 1,352 crore.
In Q4 on a standalone basis, sales reached Rs 3,129 crore, up 22% year-on-year. PBT (before exceptional items) rose 43% to Rs 547 crore, while PAT (before exceptional items) increased 49% to Rs 412 crore.
On a consolidated basis, FY26 sales increased 25% to Rs 12,418 crore. PAT (before exceptional items) rose 27% to Rs 1,232 crore. Consolidated Q4 sales stood at Rs 3,442 crore, up 25%, while PAT increased 32% to Rs 362 crore. The consolidated performance includes contributions from European subsidiaries and the semiconductor business, where continued investment in talent at CG Semi affected margins.
The company reported a significant rise in its order book. Consolidated unexecuted order backlog stood at Rs 17,107 crore as of March 31, 2026, up 61% year-on-year. Standalone order backlog increased 59% to Rs 15,719 crore, indicating strong revenue visibility for FY27.
During the year, the company secured its largest domestic order of about Rs 641 crore from PowerGrid Corporation for a 765 kV transformer package, and its largest export order of Rs 900 crore from a US-based client for transformers for a hyperscale data centre project.
The company also completed a Qualified Institutional Placement, raising Rs 3,000 crore. Its subsidiary, CG Semi Private Limited, commissioned an Outsourced Semiconductor Assembly and Test facility in Sanand, Gujarat, in August 2025, with a peak capacity of 0.5 million units per day. A second facility is under construction and is expected to be completed by the end of calendar year 2026. The board approved a greenfield expansion in the switchgear segment with an investment of Rs 748 crore and declared an interim dividend of Rs 1.30 per equity share for FY26.
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