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