CG Power Q1 Results: Shares of Murugappa Group company fall 4% after profit and margin miss

Shares of CG Power and Industrial Solutions Ltd., part of the Murugappa Group, fell as much as 4% after the company reported results for the April-June period, on Thursday, July 24.The topline came above CNBC-TV18’s poll expectations; however, net profit and margin were lower than estimates.

For the June quarter, CG Power reported a revenue of ₹2,878 crore, which is nearly 29% higher than the ₹2,227.5 crore revenue it reported during the same quarter last year. A CNBC-TV18 poll expected the topline to be at ₹285.50 crore.
CG Power’s net profit for the period also saw a 11% year-on-year rise to ₹267 crore as against ₹241 crore during the same quarter last year.Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 16.7% to ₹381 crore, compared to ₹327 crore reported in the same quarter a year ago.

Margin, meanwhile, contracted by 142 basis points from last year to 13.24%.

CG Power said its order backlog remains robust at Rs 11,971 crore and continues to be on upward trajectory.

Following the Q1 earnings announcement, shares of CG Power and Industrial Solutions Ltd. were trading lower at ₹653.60. The stock is down 8% so far in 2025.