Heavy Electrical Equipment firm CG Power and Industrial Solutions declares Q4FY22 result: FY 2021-22 Performance – Sales grew YoY by 104% and operating PBT by 653% Q4 FY 2021-22 Performance –Sales grew YoY by 38% and operating PBT by 366% Q4 Performance: Aggregate sales for the quarter were higher at Rs. 1407 crores recording a growth of 38% YoY while lower by 3% QoQ. PBT (before exceptional items) was at Rs.131 crores (9.3% of sales) as against Rs. 28 crores (2.8% of sales) during previous year same period. Free Cash Flow generated for the quarter was Rs. 86 crores. Sequentially, margins were lower due to product mix, cost push, execution of firm price orders and one-off warranty provisions in Power segment. FY22 Performance: Aggregate sales for the year were higher at Rs 5,159 crores recording a growth of 104% YoY. PBT (before exceptional items) was at Rs. 502 crores (9.7% of sales) in FY22 as against loss of Rs 91 crores (-3.6% of sales) in FY21. Free Cash Flow generated for the year was Rs. 392 crores. Result PDF
Heavy Electrical Equipment company CG Power and Industrial Solutions declares Q3FY22 result: Q3 FY 2021-22 Performance - Sales grew YoY by 106% and operating PBT grew by 177% The company has shown all round improvement in performance in Q3 and all the businesses have performed satisfactorily, improving sales and margins. Sales for the Quarter was at Rs 1446 crores and the Profit before tax was at Rs 161 crores, the highest recorded in the last 20 quarters. The company completed the long pending Sale of Land at Kanjurmarg during this quarter and the entire sale proceeds (INR 402 Crs, including refund of security deposit) have been received. The proceeds were utilised to prepay long term debt of Rs 363 crores. Aggregate sales for the quarter were higher at Rs 1446 crores recording a growth of 106% YoY and 7% QoQ PBT (before exceptional items) was at INR 161 Crs (11.1% of sales) as against Rs 58 crores (8.3% of sales) during previous year same period. On QoQ, sales increased by 7% and PBT by 18%. Free Cash Flow generation for the quarter was Rs 158 Crs Better Sales realisation coupled with moderation in input costs helped better margins. Result PDF
Highlights: YOY Sales grew by 139%, PBT grew by Rs 177 crores - OPERATIONS stage a turnaround. The Company had the benefit of uninterrupted working in Q2 and all the businesses have performed satisfactorily, improving capacity utilisation. Sales for the Quarter was at Rs.1352 crores, the highest in the last ten quarters and the Profit before tax was at Rs.137 crores, again, the highest recorded in the last 20 quarters. Aggregate sales for the quarter were higher at Rs 1352 crores recording a growth of 139% YoY and 42% QoQ Higher prices of key metals - Copper, Aluminium etc. continue to impact the margins PBT (before exceptional items) was at INR 137 Crs (10% of sales) as against a loss of Rs (40) crores (-7% of sales) during previous year same period. On QoQ, sales increased by 42% and PBT by 88%, signalling a recovery in business performance Free Cash Flow generation for the quarter stands at Rs 111 Crs during the quarter Aggregate sales for the quarter were higher at Rs 980 crores recording a growth of 143% YoY and 43% QoQ Unexecuted Order book at the end of Sep 2021 was Rs 1585 crores The division operated at 85% of the installed capacity Aggregate sales for the quarter were higher at Rs 372 crores recording a growth of 131 % YoY and 39% QoQ Unexecuted Order book at the end of Sep 2021 was Rs 1259 crores Transformers and Switchgear (Circuit Breakers, Instrument Transformers & Bushings) sub-segments have operated at 55% and 65% of their respective installed capacities Consolidated results include the performance of the operating Subsidiaries at USA (QEI Inc) and in Sweden, Germany and Netherlands (Drives and Automation Europe) whose operations were profitable and other non-operating and Holding subsidiaries. Sales for the Quarter were at Rs 1454 crores (as against Rs 664 crores in Q2 of 2020-21) and PBT (before exceptional items) was at Rs 144 crores (as against loss of Rs 37 crores in the corresponding quarter of last year). Result PDF