CG Power Q1FY27 Results: Sales Up 16%, PBT Up 27% to ₹487 Cr; Order Book Soars 45%
CG Power reported strong Q1FY27 results with sales up 16% YoY to ₹3,061 Cr and PBT up 27% YoY to ₹487 Cr. The order book surged 45% YoY to ₹17,333 Cr. The company commissioned a new EHV switchgear facility and its subsidiary CG Semi began semiconductor production. S R B C & CO LLP will resign as auditors on August 14, 2026.
The strong financial performance, significant order book growth, and strategic capacity expansions indicate a positive outlook for the company's future performance. The auditor change, while a procedural event, is aligned with group strategy and has a clear timeline.
The company has reported strong financial results with significant year-on-year growth in sales and profits, coupled with a substantial increase in its order book. The commissioning of new facilities and commencement of semiconductor production are positive developments.
CG Power and Industrial Solutions Limited (CG) announced strong financial results for the first quarter ended June 30, 2026. The company reported a 16% year-on-year (YoY) growth in sales, reaching ₹3,061 Cr, and a 27% YoY increase in Profit Before Tax (PBT), which stood at ₹487 Cr. This performance marks a new first-quarter high for PBT. The EBITDA also saw a significant rise of 27% YoY to ₹518 Cr, with the EBITDA margin expanding by 140 basis points to 16.9%.
On a standalone basis, sales grew 16% YoY to ₹3,061 Cr, and Profit After Tax (PAT) increased by 27% to ₹364 Cr. The Return on Capital Employed (ROCE) was 23%. The order intake for the quarter was ₹4,692 Cr, and the unexecuted order backlog as of June 30, 2026, reached ₹17,333 Cr, a 45% increase YoY, providing multi-quarter revenue visibility.
The Industrial Systems segment reported sales of ₹1,671 Cr (6% YoY growth), though PBIT was lower at ₹148 Cr due to a one-off provision of ₹20 Cr in the Railways business. The Power Systems segment showed robust growth with sales up 31% YoY to ₹1,402 Cr and PBIT rising 44% to ₹324 Cr, driven by strong execution and operating leverage.
Consolidated sales increased by 14% YoY to ₹3,281 Cr, and consolidated PAT grew 16% to ₹308 Cr. The consolidated order intake was ₹5,211 Cr, with the unexecuted order backlog at ₹18,965 Cr (45% higher YoY).
Key events during the quarter included the commissioning of an extra-high voltage (EHV) switchgear manufacturing facility in Nashik, Maharashtra, on June 4, 2026, which expands EHV circuit breaker manufacturing capacity by 80%. Additionally, CG Semi Private Limited commenced commercial production at its semiconductor facility in Sanand on July 4, 2026.
In a separate development, CG proposes to align its statutory auditors with its holding company, Tube Investments of India Limited (TII). Consequently, S R B C & CO LLP intend to resign as CG's statutory auditors effective from close of business hours on August 14, 2026. This aligns with the auditor rotation for TII, whose AGM is scheduled for August 14, 2026.
What to do with a filing like this
CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.