CG Power and Industrial Solutions Limited today announced a strong performance for the quarter and half-year ended September 30, 2025, underscoring sustained high double-digit growth and the early impact of strategic transformation initiatives and disciplined execution.
Record Q2FY26 performance driven by disciplined execution, with all time high quarterly standalone revenue and PBT1
Q2FY26 sales grew 17% YoY, order intake grew by 32% YoY and PAT grew 38% YoY marking one of the strongest quarterly performances in recent times
Sales of INR 2,649 Cr, EBITDA of INR 435 Cr and PAT of INR 307 Cr achieved in the quarter is the highest ever in recent times1
FINANCIAL RESULTS (STANDALONE)
- Aggregate sales for the quarter were higher at INR 2,649 Cr recording a growth of 17% YoY
- PAT was higher with a growth of 38% at INR 307 Cr (11.6% of sales) as against INR 223 Cr (9.8% of sales) in Q2FY25
- ROCE2 (Return on capital employed – annualised) for the quarter was at 34%
Order intake for the quarter was INR 4,210 Cr (32% growth YoY) and Unexecuted Order backlog as of 30th September 2025 was INR 13,568 Cr (73% higher YoY)
Segment wise performance
Resilient performance amidst deferments in certain project deliveries and temporary demand moderation
- Aggregate sales for the quarter were at INR 1,395 Cr (-2% YoY), primarily driven by few project deferments in the Railway segment
- PBIT was at INR 135 Cr (9.7% of sales) as against INR 166 Cr (11.6% of sales) in Q2FY25
- Margin change due to price realisation challenges in Railway business, as well as deferred order execution leading to lower operating leverage, and some impact due to rise in commodity prices which could not be fully passed on
- Despite this, pricing discipline, cost optimisation initiatives, and operational productivity gains helped partly cushion the impact; focus remains on margin recovery through cost optimisation initiatives, pricing and improving product mix
- Order intake for the quarter was INR 1,567 Cr (-10% YoY) and Unexecuted Order backlog, as of 30th September 2025, remains healthy at INR 3,094 Cr (15% higher YoY), providing visibility for the coming quarters
- After adjusting for a large Railway order of ~340 Cr received during Q2 last year, Order intake has grown 13% YoY during Q2FY26
- Aggregate sales for the quarter were higher at INR 1,254 Cr with a sharp rise of 48% YoY, supported by steady execution rhythm
- PBIT was at INR 260 Cr (20.7% of sales) as against INR 149 Cr (17.6% of sales) in Q2FY25
- 310 bps margin expansion driven by better price realisation, reflecting resilient demand trends and improved operating leverage
- Order intake for the quarter was at INR 2,643 Cr (81% growth YoY) and Unexecuted Order Backlog as of 30th September 2025 was INR 10,474 Cr (104% higher YoY), providing multi-quarter visibility
FINANCIAL RESULTS (CONSOLIDATED)
Consolidated results include the performance of the operating Subsidiaries at Sweden, Germany and Netherlands (Drives and Automation Europe), CG Adhesive Products Ltd (India), CG Semi Private Limited (India), G.G. Tronics India Private Limited, Axiro Semiconductor Group and other non-operating subsidiaries.
- Aggregate sales for the quarter were up at INR 2,923 Cr at a growth of 21% YoY
- PAT was 30% higher at INR 284 Cr (9.7% of sales) for the quarter as against INR 220 Cr (9.1% of sales) in Q2FY25
- Margin improvement driven by strong Power Systems performance; it was partially offset by investment in increasing talent pool including senior personnel across CG Semi and Axiro
- ROCE3 (Return on capital employed – annualised) for the quarter was at 31%
- Order intake for the quarter was 45% higher YoY at INR 4,772 Cr and Unexecuted Order backlog as of 30th September 2025 was 88% higher YoY at INR 14,953 Cr
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