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