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