CG Power Reports Mixed Q2 Results: Revenue Up 21%, Profit Rises 32%

CG Power & Industrial Solutions reported a mixed set of financial results for the second quarter, with significant revenue growth but falling short of some analyst estimates.

Revenue Growth

CG Power's revenue increased by 21% year-over-year to ₹2,922.79 crore, up from ₹2,412.69 crore in the same quarter last year. However, this fell short of the estimated ₹3,283.00 crore.

Profitability

The company's consolidated net profit rose to ₹286.72 crore, marking a 32% increase from ₹220.96 crore in the previous year's corresponding quarter. Despite the growth, it missed the estimated ₹313.00 crore.

EBITDA Performance

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to ₹442.81 crore, up from ₹323.78 crore year-over-year, representing an increase of 31%. The EBITDA margin improved to 15.15% from 13.42% in the same quarter last year, slightly exceeding the estimated 13.1%.

Segment Performance

Segment	Revenue (₹ crore)	YoY Growth
Power Systems	1,254.49	48.3%
Industrial Systems	1,533.33	-1.8%
Semiconductors	127.89	N/A

The Power Systems segment showed strong growth, while the Industrial Systems segment saw a slight decline.

Strategic Developments

Greenfield Switchgear Facility: The Board approved the establishment of a new Greenfield Switchgear manufacturing facility in Western India, with an estimated project cost of ₹748.20 crore. This facility aims to double the existing Switchgear manufacturing capacity.
Qualified Institutions Placement (QIP): During the quarter, CG Power issued 45,454,545 equity shares through a QIP, raising ₹3,000.00 crore at ₹660.00 per share.
Semiconductors Business: The company's subsidiary, CG Semi Private Limited, is eligible for government assistance of ₹3,501.00 crore for setting up an Outsource Semiconductor Assembly and Test (OSAT) facility.
Registered Office Relocation: The company plans to shift its registered office within Mumbai.

Outlook

While CG Power has shown robust revenue growth and improved profitability, the company faces challenges in meeting market expectations. The strategic investments in new manufacturing facilities and the semiconductors business indicate a focus on long-term growth and diversification.

Investors and analysts will be watching closely to see how these initiatives impact the company's performance in the coming quarters, particularly in light of the global economic uncertainties and the evolving dynamics of the power and industrial sectors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.61%	+2.15%	+0.17%	+17.25%	+4.28%	+2,399.50%

CG Power & Industrial Solutions , a prominent player in the power and industrial equipment sector, has announced a significant addition to its leadership team. The company has appointed Ms. Vrushali Kedar Gadkari as Vice President & Chief Human Resources Officer (CHRO), effective September 30, 2025. This strategic move underscores CG Power's commitment to strengthening its human capital and supporting its growth ambitions.

Extensive Experience and Expertise

Ms. Gadkari brings over 21 years of rich experience in human resources management to her new role at CG Power. Her impressive career spans various sectors, including FMCG, BFSI, Realty, Healthcare, and Steel Manufacturing. Her expertise lies in:

Building high-performance businesses
Managing business turnarounds
Driving organizational transformation
Talent management across different business stages

Strategic Appointment

The appointment of Ms. Gadkari is part of CG Power's strategy to build an agile, people-centric organization. As the new CHRO, she will play a pivotal role in:

Driving CG's talent agenda
Shaping leadership development
Cultivating a strong organizational culture

These efforts are aimed at supporting the company's growth ambitions and aligning with its overarching purpose.

Transition in Leadership

Ms. Gadkari's appointment follows the resignation of Mr. Mehernosh Mehta, who served as Vice President - HR. Mr. Mehta stepped down from his position effective September 29, 2025, citing personal reasons.

Impact on Share Capital

In a separate development, CG Power also reported an allotment of 23,000 equity shares under its Employee Stock Option Plan 2021 (ESOP 2021) on September 30, 2025. This allotment has resulted in a slight increase in the company's paid-up equity share capital, which now stands at Rs. 3,14,94,39,618.00, comprising 1,57,47,19,809 equity shares of face value Rs. 2.00 each.

As CG Power continues to evolve and strengthen its leadership team, the appointment of Ms. Vrushali Kedar Gadkari as CHRO marks a significant step towards achieving its organizational goals and fostering a robust human resource strategy.