Conference Call with CG Power and Industrial Solutions Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company CG Power and Industrial Solutions announced Q1FY25 results: Standalone: Aggregate sales for the quarter were higher at Rs 2,106 crore recording a growth of 19% YoY. PBT was higher at Rs 325 crore as against Rs 256 crore in Q1FY24 recording a growth of 27%. Margins were higher YoY at 15.4% of sales (14.5% of sales in last year) on account of higher realisations, favourable product mix and cost efficiencies in Power systems. Free cash flow generated for the quarter was Rs.63 crore. ROCE (annualised) for Q1FY25 was at 39%. Unexecuted Order Book as at 30 Jun 2024 was 44% higher YoY at Rs 7,054 crore (Rs. 4,909 crore as at 30 Jun 2023) Consolidated: Aggregate sales for the quarter were higher at Rs 2,228 crore recording a growth of 19% YoY. PBT was at Rs 336 crore (15.1% of sales) in Q1FY25 as against Rs 263 crore (14.0% of sales) in Q1FY24. Result PDF
Conference Call with CG Power and Industrial Solutions Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company CG Power and Industrial Solutions announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Aggregate sales for the quarter were higher at Rs 2,084 crore recording a growth of 17% YoY. PBT (before exceptional items) was at Rs 316 crore as against Rs 252 crore in Q4FY23. Margins were higher YoY at 15.2% of sales (14.1% of sales in last year) on account of higher realisations, favourable product mix and cost efficiencies in Power systems. Free cash flow generated for the quarter was Rs 178 crore. Unexecuted Order Book as at 31 Mar 2024 was 45% higher YoY at Rs 6,276 crore (Rs 4,319 crore as at 31 Mar 2023). FY24 Financial Highlights: Aggregate sales for the year were higher at Rs 7,610 crore recording a growth of 16% YoY. PBT (before exceptional items) was at Rs 1,146 crore as against Rs 927 crore in FY23. Margins were higher YoY at 15.1% of sales (14.1% of sales in last year) on account of higher realisations, favourable product mix, cost efficiencies and execution of export orders with better margins in Power systems and higher other income. ROCE for FY24 was at 37%. Free cash flow generated for the year was Rs 784 crore. Result PDF
Heavy Electrical equipment firm CG Power and Industrial Solutions announced Q3FY24 results: Quarterly Sales Performance: Aggregate sales for the quarter increased by 13% YoY to Rs 1,860 crores. Profit Before Tax (PBT): PBT before exceptional items stood at Rs 282 crores, which is equivalent to 15.1% of sales, compared to Rs 274 crores or 16.6% of sales in the same quarter of the previous year. Profit After Tax (PAT): PAT, excluding exceptional items, for the quarter was Rs 216 crores, marking a 13% rise compared to the previous year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Reported EBITDA was Rs 313 crores, experiencing a slight decline of 4% from the previous quarter. Nine-Month Performance: For the nine months ended December 2023, sales grew by 15% YoY to Rs 5,526 crores, while profit after tax (before exceptional items) increased by 26%. Segment-Wise Performance Industrial Systems: Sales were Rs 1,214 crores for the quarter, a 5% increase YoY. Profit before interest and taxes (PBIT) was Rs 169 crores, 13.9% of sales, a decrease compared to Rs 213 crores or 18.3% of sales in Q3FY23. Power Systems: Sales reached Rs 646 crores, a substantial 34% growth YoY. PBIT improved significantly to Rs 99 crores which is 15.3% of sales, compared to Rs 57 crores or 11.7% of sales in the same quarter last year. Consolidated Results Total Sales: Consolidated sales for the quarter saw a 13% rise to Rs 1,979 crores YoY. PBT: Stood at Rs 264 crores, 13.4% of sales, versus Rs 285 crores or 16.2% of sales in Q3FY23. Order Book: The unexecuted order book as of December 31, 2023, was Rs 5,556 crores, showing a 34% increase YoY. Result PDF
Heavy Electrical Equipment company CG Power and Industrial Solutions announced Q2FY24 results: 1. Financial Performance: - CG Power and Industrial Solutions reported a 20% YoY increase in sales, reaching Rs 1,900 crore, the highest ever for Q2 in recent times. - Profit before tax (PBT) grew by 24% to reach Rs 293 crore, representing 15.4% of sales. - The company's order book stood at Rs 5,229 crore as of September 30, 2023. 2. Segment-wise Performance: - Industrial Systems: Sales for this segment grew by 20% YoY to reach Rs 1,283 crore, with a PBIT of Rs 207 crore. - Power Systems: Sales for this segment increased by 25% YoY to Rs 619 crore, with a PBIT of Rs 103 crore. 3. Margin and Efficiency: - The company achieved an EBITDA margin of 16.3% during Q2FY24, demonstrating strong operational efficiency. - Return on capital employed (ROCE) for Q2FY24 was 44%, indicating robust financial performance. 4. Order Book and Order Intake: - CG Power and Industrial Solutions reported an order intake of Rs 2,232 crore during Q2FY24, representing a 22% YoY growth. - The unexecuted order book as of September 30, 2023, amounted to Rs 5,229 crore, a 44% YoY increase. 5. Expansion Plans: - The company's board approved a proposal to expand manufacturing capacity for switchgears, power transformers, and HT motors, with an investment of Rs 221 crore. Result PDF