CG Power Reports 22% YoY Sales Growth in Q3 FY26
Filing Summary
CG Power and Industrial Solutions Ltd reported a 22% year-on-year increase in standalone sales for Q3 FY26, reaching INR 2,909 crore. The company’s profit before tax (PBT) rose by 35% to INR 454 crore, with a margin expansion of 148 basis points. The order backlog increased by 66% to INR 14,859 crore. The company also secured a significant export order worth INR 900 crore for power transformers from Tallgrass Integrated Logistics Solutions LLC, USA. An interim dividend of INR 1.30 per share was approved by the board.
CG Power and Industrial Solutions Ltd announced its financial results for the third quarter and nine months ending December 31, 2025. The company reported a 22% year-on-year increase in standalone sales, reaching INR 2,909 crore. The profit before tax (PBT) for the quarter was INR 454 crore, marking a 35% increase from the previous year. The order backlog as of December 31, 2025, stood at INR 14,859 crore, reflecting a 66% year-on-year growth.
For the quarter, CG Power’s sales were INR 2,909 crore, with an EBITDA of INR 480 crore and a PBT of INR 454 crore. The company’s EBITDA margin was 16.5%, while the PBT margin was 15.6%. The order intake for the quarter was INR 4,096 crore, a 13% increase year-on-year. The company also reported a return on capital employed (ROCE) of 23% for the quarter.
The company’s industrial systems segment reported sales of INR 1,585 crore, an 8% increase year-on-year. The segment’s profit before interest and tax (PBIT) was INR 149 crore, with a margin of 9.4%. The power systems segment achieved sales of INR 1,326 crore, a 44% increase year-on-year, with a PBIT of INR 283 crore and a margin of 21.4%.
CG Power secured a significant export order worth INR 900 crore from Tallgrass Integrated Logistics Solutions LLC, USA, for power transformers. This order is the largest single order ever won by the company and will be executed over 12 to 20 months. The board of directors approved an interim dividend of INR 1.30 per share for the financial year 2025-26.
The consolidated financial results include the performance of subsidiaries in Sweden, Germany, and the Netherlands, as well as other subsidiaries in India. Consolidated sales for the quarter were INR 3,175 crore, a 26% increase year-on-year. The consolidated PBT was INR 420 crore, a 25% increase from the previous year. The consolidated order backlog was INR 15,753 crore, a 62% increase year-on-year.
The Murugappa Group, which includes CG Power, is a conglomerate with diverse businesses in agriculture, engineering, and financial services. The group has 10 listed companies and operates in various sectors, including abrasives, technical ceramics, electrominerals, and electric vehicles.
CG Power and Industrial Solutions Ltd is a leading provider of electrical equipment and solutions. The company focuses on delivering high-quality products and services to its customers, with a strong emphasis on innovation and operational excellence.