CG Power and Industrial Solutions Ltd. Q3 FY2024 results: revenue ₹1,979 crore, up 11.5% on the year
CG Power and Industrial Solutions Ltd. (CGPOWER) reported consolidated revenue from operations of ₹1,979 crore for Q3 FY2024, the quarter ended 31 December 2023, up 11.5% on the same quarter a year earlier. Profit after tax was ₹748 crore, up 228.1% on the year, and earnings per share ₹4.90. The figures are the company's own, from the unaudited results it filed with NSE on 23 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 1,979 | 2,002 | n/a | n/a |
| Other income | 28 | 17 | n/a | n/a |
| Total income | 2,007 | 2,019 | n/a | n/a |
| Cost of materials consumed | 1,310 | 1,306 | n/a | n/a |
| Purchases of stock-in-trade | 58 | 59 | n/a | n/a |
| Changes in inventories | 0 | 3 | n/a | n/a |
| Employee benefit expense | 130 | 120 | n/a | n/a |
| Finance costs | 1 | 0 | n/a | n/a |
| Depreciation, depletion and amortisation | 24 | 23 | n/a | n/a |
| Other expenses | 220 | 204 | n/a | n/a |
| Total expenses | 1,742 | 1,716 | n/a | n/a |
| Profit before exceptional items and tax | 264 | 303 | n/a | n/a |
| Exceptional items | 0 | 27 | n/a | n/a |
| Profit before tax | 264 | 330 | n/a | n/a |
| Current tax | 6 | 6 | n/a | n/a |
| Deferred tax | 61 | 80 | n/a | n/a |
| Total tax | 68 | 86 | n/a | n/a |
| Profit after tax | 748 | 242 | n/a | n/a |
| Attributable to owners of the parent | 748 | 0 | n/a | n/a |
| Other comprehensive income | 7 | -4 | n/a | n/a |
| Total comprehensive income | 755 | 238 | n/a | n/a |
| EPS, basic | ₹4.90 | ₹1.58 | n/a | n/a |
| EPS, diluted | ₹4.90 | ₹1.58 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,874 | 2,002 | 1,979 | 2,192 | 2,228 | 2,413 | 2,516 | 2,878 | 2,923 | 3,175 | 3,442 | 3,281 |
| Expenses | 1,634 | 1,716 | 1,742 | 1,933 | 1,925 | 2,148 | 2,214 | 2,543 | 2,601 | 2,832 | 3,028 | 2,942 |
| Operating profit | 265 | 309 | 261 | 284 | 327 | 295 | 331 | 381 | 377 | 397 | 466 | 397 |
| OPM % | 14% | 15% | 13% | 13% | 15% | 12% | 13% | 13% | 13% | 13% | 14% | 12% |
| Other income | 22 | 17 | 28 | 48 | 33 | 29 | 34 | 28 | 66 | 76 | 77 | 84 |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 24 | 23 | 24 | 24 | 24 | 28 | 28 | 44 | 52 | 51 | 49 | 54 |
| Exceptional items | 1 | 27 | 0 | -6 | 0 | 0 | 0 | 0 | 0 | -36 | 0 | 0 |
| Profit before tax | 263 | 330 | 264 | 301 | 336 | 294 | 335 | 364 | 388 | 384 | 490 | 423 |
| Tax % | 25% | 26% | 26% | 22% | 28% | 25% | 29% | 27% | 27% | 26% | 26% | 27% |
| Net profit | 204 | 242 | 748 | 234 | 241 | 220 | 238 | 267 | 284 | 284 | 363 | 308 |
| EPS in ₹ | ₹1.33 | ₹1.58 | ₹4.90 | ₹1.53 | ₹1.58 | ₹1.45 | ₹1.57 | ₹1.76 | ₹1.82 | ₹1.81 | ₹2.31 | ₹1.99 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 23 January 2024: the result statement. All of CG Power and Industrial Solutions Ltd.'s results: NSE company page.
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