CG Power and Industrial Solutions Limited — Updates, 28-01-2025: Press Release

Sales grew 28% YoY to Rs. 2,389 crore in Q3, with a record order intake of Rs. 3,636 crore, marking a 61% increase YoY. The order backlog remains strong at Rs. 8,952 crore, reflecting sustained demand. EBITDA was reported at Rs. 360 crore, with a PBT of Rs. 338 crore for the quarter. The company generated free cash flow of Rs. 235 crore and achieved a 34% ROCE.

In significant developments, the Board of Directors approved a Greenfield expansion of 45,000 MVA capacity for Power Transformers, requiring an investment of Rs. 712 crore to meet growing domestic and export demand. Additionally, G.G. Tronics India Pvt Ltd secured a sizeable order for a Train Collision Avoidance System (KAVACH) valued between Rs. 500 to 600 crore, to be completed within a year. Continuous improvements in sales and strategic initiatives paint a positive outlook for CG Power. Investors should monitor the execution of these expansions and contracts closely as they could enhance future revenue streams.