Highest-Ever Q1 Performance: Standalone sales reached ₹3,061 crore, with Profit Before Tax (PBT) rising 27% YoY to ₹487 crore
. Robust Order Backlog: Unexecuted order backlog grew 45% YoY to ₹17,333 crore, providing strong multi-quarter revenue visibility
. Key Milestones: Expanded Extra High Voltage (EHV) switchgear manufacturing capacity by 80% at Nashik and commenced commercial production at CG Semi's OSAT facility in Sanand
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MUMBAI : CG Power and Industrial Solutions Limited (“CG”) today announced its financial results for the first quarter ended June 30, 2026 (Q1FY27), delivering strong and profitable growth marked by broad-based operational momentum
On a standalone basis, CG reported aggregate sales of ₹3,061 crore for Q1FY27, representing a 16% year-on-year (YoY) growth
On a consolidated basis, aggregate sales rose 14% YoY to ₹3,281 crore, while PAT grew 16% YoY to ₹308 crore
Segmental Performance Overview
Power Systems: Delivered strong performance with aggregate sales rising 31% YoY to ₹1,402 crore, driven by execution discipline
. Profit Before Interest and Tax (PBIT) surged to ₹324 crore (23.1% of sales), reflecting a margin expansion of 209 bps . Order backlog for Power Systems reached ₹14,434 crore (up 59% YoY) . Industrial Systems: Recorded sales of ₹1,671 crore (up 6% YoY), led by double-digit growth in the Motors business
. PBIT stood at ₹148 crore, impacted by a one-off provision of ₹20 crore in the Railways segment .
Commenting on the results, Amar Kaul, Group CEO and Managing Director, said:
"This quarter continues to reflect steady, disciplined execution in an uncertain external environment. Our demand drivers remain intact and diversified, spanning grid modernisation, renewable integration, rail modernisation, and electronics manufacturing in India... Our priority remains consistent: building capability today so we continue to capitalize on ongoing and future opportunities."
Key Corporate Developments
EHV Facility Expansion: On June 4, 2026, CG commissioned its new S3 Unit-II facility in Pimpalgaon Garudeshwar, Nashik, expanding its EHV circuit breaker manufacturing capacity by 80% (an additional 7,200 units annually)
. Semiconductor Commercial Production: CG Semi Private Limited commenced commercial production at its G1 OSAT facility in Sanand, Gujarat, on July 4, 2026, in the presence of Hon’ble Prime Minister Shri Narendra Modi
. Auditor Realignment: Following the completion of the 10-year term of statutory auditors S.R. Batliboi & Associates LLP at holding company Tube Investments of India Limited (TII), CG plans to align its statutory auditors with TII’s network network-affiliated auditors, effective August 14, 2026, for seamless Group coordination
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