Heavy Electrical Equipment company CG Power and Industrial Solutions announced Q1FY24 results: Consolidated Q1FY24: Aggregate sales for Q1FY24 were higher at Rs 1,874 crore recording a growth of 14% YoY and lower by 2% QoQ. PBT was at Rs 263 crore (14.0% of sales) in Q1FY24 as against Rs 167 crore (10.1% of sales) in Q1FY23 and Rs 262 crore (13.8% of sales) in Q4FY23. Unexecuted Order Book of Drives and Automation, Europe as of 30 Jun 2023 was Rs 136 crore (9% higher YoY). Standalone Q1FY24: Aggregate sales for Q1FY24 were higher at Rs 1,766 crore recording a growth of 13% YoY and lower by 1% QoQ. PBT was at Rs 256 crore (14.5% of sales) in Q1FY24 as against Rs 165 crore (10.6% of sales) in Q1FY23 and Rs 252 crore (14.1% of sales) in Q4FY23. Margins were higher YoY on account of volume growth, softening in input costs, favourable product mix, and procurement efficiencies. ROCE (annualised) for Q1FY24 was at 45% as against 38% in Q1FY23. Order intake for Q1FY24 was Rs 2,514 crore (47% growth YoY) and Unexecuted Order Book as of 30 Jun 2023 was Rs 4,909 crore (39% higher YoY). Result PDF
Conference Call with CG Power and Industrial Solutions Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Heavy electrical Equipment company CG Power and Industrial Solutions announced Q4FY23 & FY23 results: Standalone Q4FY23: Aggregate sales for Q4FY23 were higher at Rs 1,788 crore, recording a growth of 27% YoY and 9% QoQ PBT was at Rs 252 crore (14.1% of sales) in Q4FY23 as against Rs 131 crore (9.3% of sales) in Q4FY22 and Rs 274 crore (16.6% of sales) in Q3FY23 Margins were higher YoY on account of volume growth, softening in input costs and procurement efficiencies Free cash flow generated for Q4FY23 was Rs 263 crore Order intake for Q4FY23 was Rs 2,073 crore (8% growth YoY) and unexecuted order book as of March 31, 2023, was Rs 4,319 crore (22% higher YoY) Standalone FY23: Aggregate sales for the year were higher at Rs 6,580 crore recording a growth of 28% YoY PBT was at Rs 927 crore (14.1% of sales) in FY23 as against Rs 502 crore (9.7% of sales) in FY22 Margins were higher YoY on account of volume growth, higher sales realisation, procurement efficiencies and higher other income ROCE for FY23 was at 47% as against 34% in FY22 Free cash flow generated for the year was Rs 749 crore Order intake for FY23 was Rs 7,828 crore (20% growth YoY) Consolidated Q4FY23: Aggregate sales for Q4FY23 were higher at Rs 1,903 crore recording a growth of 28% YoY and 9% QoQ PBT was at Rs 262 crore (13.8% of sales) in Q4FY23 as against Rs 135 crore (9.1% of sales) in Q4FY22 and Rs 285 crore (16.2% of sales) in Q3FY23 Unexecuted order book of rives and Automation, Europe as of March, 31, 2023 was Rs 138 crore (17% higher YoY) Consolidated FY23: Aggregate sales for the year were higher at Rs 6,973 crore recording a growth of 27% YoY PBT was at Rs 950 crore (13.6% of sales) in FY23 as against Rs 504 crore (9.2% of sales) in FY22 Result PDF
Heavy electrical equipment firm CG Power and Industrial Solutions announced Q3FY23 results: Standalone Q3FY23 vs Q3FY22: Aggregate sales for the quarter were higher at Rs 1,645 crore recording a growth of 14% YoY and 4% QoQ. PBT was at Rs 274 crore (16.6% of sales) in Q3FY23 as against Rs 161 crore (11.1% of sales) in Q3FY22 and Rs 237 crore (14.9% of sales) in Q2FY23. Margins were higher on account of better price realisation, higher volumes, favourable product mix, moderation in input costs and procurement efficiencies. ROCE (on annualised basis) for Q3FY23 was at 55% as against 42% in Q3FY22. Free Cash Flow generated for the quarter was Rs 202 crore. Order intake for Q3FY23 was Rs 2,219 crore (21% growth YoY) and Unexecuted Order Book as at Q3FY23 was Rs 4,136 crore (34% higher YoY). Consolidated Q3FY23 vs Q3FY22: Aggregate sales for the quarter were higher at Rs 1,775 crore recording a growth of 14% YoY and 5% QoQ. PBT was at Rs 282 crore (15.9% of sales) in Q3FY23 as against Rs 174 crore (11.2% of sales) in Q3FY22 and Rs 241 crore (14.2% of sales) in Q2FY23. Unexecuted Order Book of Drives and Automation, Europe as of Q3FY23 was Rs 146 crore (48% higher YoY). Result PDF
CG Power and Industrial Solutions announced Q2FY23 results: Standalone: Aggregate sales for the quarter were higher at Rs. 1,588 crores recording a growth of 17% YoY and 2% QoQ. PBT was at Rs. 237 crores (14.9% of sales) in Q2FY23 as against Rs 137 crores (10.1% of sales) in Q2FY22 and Rs. 165 crores (10.6% of sales) in Q1FY23. Margins were higher on account of improved sales realisation, favourable product mix, moderation in input costs, procurement efficiencies and better operating leverage. ROCE (on annualised basis) for Q2 FY23 was at 48% as against 40% in Q2 FY22. Free Cash Flow generated for the quarter was Rs. 221 crores. Consolidated: Aggregate sales for the quarter were higher at Rs. 1,696 crores recording a growth of 17% YoY and 2% QoQ. PBT was at Rs. 241 crores (14.2% of sales) in Q2FY23 as against Rs 144 crores (9.9% of sales) in Q2FY22 and Rs. 172 crores (10.3% of sales) in Q1FY23. Result PDF
Heavy Electrical Equipment firm CG Power and Industrial Solutions Announced Q1FY23 Result : Aggregate sales for the quarter were higher at Rs. 1,559 crores recording a growth of 63% YoY and 11% QoQ. (Q1 of last year was impacted by Covid lockdown). PBT was at Rs. 165 crores (10.6% of sales) in Q1FY23 as against Rs 73 crores (7.6% of sales) in Q1FY22 and Rs. 131 crores (9.3% of sales) in Q4FY22. Margins were higher due to cost saving initiatives in procurement, increased productivity and reduction in finance costs on account of repayment of term loan. ROCE (on annualised basis) for Q1 FY23 was at 39% as against 24% in Q1 FY22. Free Cash Flow generated for the quarter was Rs. 70 crores. Result PDF