BSECompany Update6d ago · 24 Jul 2026, 05:00 pm
Please find enclosed the revised Press Release on unaudited financial results for the quarter ended 30th June, 2026.
CG Power and Industrial Solutions Ltd · 500093
✦ AI Summary▲ PositiveResults
CG Power and Industrial Solutions Ltd announced its financial results for the quarter ended June 30, 2026, with revenue and PBT growing 16% and 27% YoY respectively, and order book rising 45% YoY to INR 17,333 Cr.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
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CG Power and Industrial Solutions Limited
Registered Office:
ONE UNITY CENTER, Unit Nos. 1504-1508,
Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India
T: +91 22 3120 7777 W: www.cgglobal.com
Corporate Identity Number: L99999MH1937PLC002641
Our Ref: COSEC/060/2026-27 24th July, 2026
By Portal
The Corporate Relationship Department The Listing Department
BSE Limited National Stock Exchange of India Limited
1st Floor, New Trading Ring, Exchange Plaza, Bandra-Kurla Complex,
Rotunda Building, Bandra (East),
Phiroze Jeejeebhoy Towers, Mumbai 400 051
Dalal Street, Mumbai 400 001
Scrip Code : 500093 Scrip Code : CGPOWER
Dear Sir/Madam,
Sub: Press Release
We refer to our disclosure having ref. no. COSEC/059/2026-27 dated 24th July, 2026 in
connection with the Press Release issued in connection with the financial results for the 1st
quarter ended 30th June, 2026, announced today.
Please note that in point no.5 of the said Press Release the following sentence:
“In view of the foregoing, S.R. Batliboi & Associates LLP intent to resign as CG’s statutory
auditors with effect from close of business hours on August 14, 2026.”
be read as:
“In view of the foregoing, S R B C & CO LLP intent to resign as CG’s statutory auditors with
effect from close of business hours on August 14, 2026.”
Please find enclosed the revised Press Release.
Request you to kindly take the same on record.
Thanking you,
Yours faithfully,
For CG Power and Industrial Solutions Limited
Sanjay Kumar Chowdhary
Company Secretary and Compliance Officer
Encl: As above
CG POWER AND INDUSTRIAL SOLUTIONS LIMITED
PRESS RELEASE
Mumbai, India, July 24, 2026
CG delivers another strong quarter with broad-based growth;
Revenue and PBT1 crosses new Q1 high, with continued
operating momentum
CG Power and Industrial Solutions Limited (“CG”) today announced its financial results for the
quarter ended June 30, 2026, delivering another quarter of strong and profitable growth.
Q1FY27 sales grew 16% YoY and PBT1 grew 27% YoY with 140 bps margin
expansion, delivering a strong start to the year
Order momentum continued during the quarter with the order book rising 45%
YoY to INR 17,333 Cr and offering multi-quarter revenue visibility
Sales of INR 3,061 Cr, EBITDA of INR 518 Cr and PBT1 of INR 487 Cr achieved in
the quarter is the highest ever for Q1 in recent times1
FINANCIAL RESULTS (STANDALONE)
Q1FY27 Performance
• Aggregate sales for the quarter were higher at INR 3,061 Cr recording a growth of 16%
• PAT was higher with a growth of 27% at INR 364 Cr (11.9% of sales) as against INR 286
Cr (10.8% of sales) in Q1FY26
• ROCE2 (Return on capital employed - annualised) for the quarter was at 23%
• Order intake for the quarter was INR 4,692 Cr and Unexecuted Order backlog as of
30th June 2026 was INR 17,333 Cr (45% higher YoY)
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1 – Excluding EI (exceptional items), in recent times; 2 – including QIP proceeds
Segment wise performance
Industrial Systems
Q1FY27 Performance
• Aggregate sales for the quarter were at INR 1,671 Cr (6% YoY), with strong double-digit
growth in Motors
• PBIT was at INR 148 Cr (8.8% of sales) as against INR 172 Cr (10.9% of sales) in
Q1FY26
• Margin deviation is largely due to one-off provision of INR 20 Cr in Railways business
• Order intake for the quarter was INR 1,586 Cr and Unexecuted Order backlog, as of
30th June 2026 was INR 2,899 Cr
• Double digit growth YoY in orders in Motors
Power systems
Q1FY27 Performance
• Aggregate sales for the quarter were higher at INR 1,402 Cr with YoY increase of 31%,
reflecting strong execution discipline
• PBIT was at INR 324 Cr (23.1% of sales) as against INR 225 Cr (21.1% of sales) in
Q1FY26
• Strong margin expansion by 209 bps, reflecting disciplined execution and strong
operating leverage
• Order intake for the quarter was at INR 3,106 Cr and Unexecuted Order Backlog as of
30th June 2026 was INR 14,434 Cr (59% higher YoY), offering revenue visibility spanning
several future quarters
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FINANCIAL RESULTS (CONSOLIDATED)
Consolidated results include the performance of the operating Subsidiaries at Sweden, Germany and
Netherlands (Drives and Automation Europe), CG DE Sub LLC, CG Adhesive Products Ltd (India), CG
Semi Private Limited (India), G.G. Tronics India Private Limited, Axiro Semiconductor Group, and other
non-operating subsidiaries.
Q1FY27 Performance
• Aggregate sales for the quarter were up at INR 3,281 Cr at a growth of 14% YoY
• PAT was 16% higher at INR 308 Cr (9.4% of sales) for the quarter as against INR 267 Cr
(9.3% of sales) in Q1FY26
• Margin gains driven by strong standalone performance were partially offset by
continued investment in the talent pool for semiconductor businesses (total
semiconductor segment impact of 43 Cr, 132 bps)
• ROCE3 (Return on capital employed – annualised) for the quarter was at 20%
• Order intake for the quarter was at INR 5,211 Cr and Unexecuted Order backlog as of
30th June 2026 was 45% higher YoY at INR 18,965 Cr
“This quarter continues to reflect steady, disciplined execution in an uncertain external
environment. While global trade realignments, currency volatility, and elevated input
costs remain part of the landscape, we continue adapting effectively. Our demand
drivers remain intact and diversified, spanning grid modernisation, renewable
integration, rail modernisation, and electronics manufacturing in India, further
supported by an improvement in manufacturing activity and private capex. We will stay
the course on capacity investment, as we believe the medium-term opportunity is
stronger than near-term headwinds. Our priority remains consistent: building capability
today so we continue to capitalize on ongoing and future opportunities."
— Amar Kaul, Group CEO and Managing Director
Key events
1. CG, on 4th June 2026, announced the commissioning of its extra high voltage (EHV)
switchgear manufacturing facility, S3 Unit-II, in Pimpalgaon Garudeshwar, Nashik,
Maharashtra. This is in addition to the S3 Unit-I manufacturing facility at Ambad,
Nashik which manufactures EHV circuit breakers in the 33kV to 800kV. The new facility
will manufacture EHV Circuit Breakers in the 33 kV to 245 kV range and expands CG's
EHV circuit breaker manufacturing capacity by 80% (incremental 7,200 units annually
vs. existing 9,000 units annually). Equipped with advanced manufacturing and testing
infrastructure, including 500 kV and 350 kV high-voltage testing laboratories, the
Facility has been designed to meet the growing demand for reliable power
transmission equipment across domestic and international markets.
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3 – Including QIP proceeds
2. CG Semi Private Limited (CG Semi), a subsidiary of the CG Power and Industrial
Solutions Ltd. announced the commencement of commercial production at its G1
Outsourced Semiconductor Assembly and Test facility in Sanand on 4th July 2026. The
launch was held in the august presence of Hon’ble Prime Minister of India Shri
Narendra Modi, Hon’ble Chief Minister of Gujarat Shri Bhupendra Patel and Hon’ble
Minister of Railways, Information & Broadcasting and Electronics & Information
Technology Shri Ashwini Vaishnaw.
3. S.R. Batliboi & Associates LLP are the statutory auditors of Tube Investments of India
Limited (“TII” or “Holding Company”) as of date, and they will demit office as auditors
after completion of 10 years period, in terms of the provisions relating to rotation of
auditors with respect to Section 139 of the Companies Act, 2013, upon the conclus
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