CG Power Q1 profit rises 16% to ₹308 crore
CG Power and Industrial Solutions reported a 15.5% increase in net profit for the June quarter, driven by strong revenue growth. The company also announced plans to expand its manufacturing capacity for Gas Insulated Switchgear to meet rising demand.
Why it matters
The company's performance reflects broader trends in India's industrial sector, specifically in grid modernization and infrastructure development.
CG Power and Industrial Solutions on Friday (July 24, 2026) posted 15.5% rise in consolidated net profit at $308.28 crore for the June quarter FY27 on the back of higher revenues.
In the year-ago period, net profit stood at ₹266.87 crore, as per an exchange filing. Total income rose to ₹3,364.39 crore from ₹2,906.30 crore.
The results include the performance of the operating subsidiaries in Sweden, Germany and the Netherlands and other non-operating subsidiaries.
The company's board has approved the expansion project for manufacturing Extra High Voltage (EHV) Gas Insulated Switchgear (GIS) at Vilholi, Nashik.
The existing EHV GIS manufacturing facility is operating at full capacity, with constraints in both production throughput and available physical space.
The shop floor, assembly bays, testing areas, and material storage facilities are fully utilized.
As a result, the plant is unable to accommodate additional equipment or production lines without disrupting ongoing operations.
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