Name: Latest research reports of CG Power and Industrial Solutions Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: CG Power and Industrial Solutions Ltd.
Rating: 3
Author: Reliance Securities

CG Power - 1QFY19 Result Update

Hold: CG Power and Industrial So...

Reliance Securities

Consolidated revenue of CG Power & Industrial Solutions (CG Power) grew by 11.3% YoY to Rs14.9bn in 1QFY19 led by robust 15% YoY growth in Industrial Systems. PAT from continuing operations stood at Rs45mn vs. Rs423mn loss in 1QFY18, while its loss including discontinued operations remained flat at Rs855mn. Looking ahead, we expect CG Power's consolidated earnings to recover on low base and exit from loss-making assets in Hungary and Belgium. We...