CG Power & Industrial Solutions (CGPOWER) Q4 25/26 earnings summary

Executive summary

• Achieved record fiscal year with highest ever standalone revenue, order book, and PBT after exceptional items for FY 2026, capped by a strong Q4 performance.

• Audited standalone and consolidated financial results for Q4 and year ended March 31, 2026, were approved with an unmodified audit opinion from statutory auditors.

• Q4 sales grew 22% year-over-year, PBT up 43% year-over-year, and margin expanded by 260 basis points.

• The group completed a significant QIP equity raise and executed strategic acquisitions and divestitures during the year.

Financial highlights

• Q4 standalone sales: INR 3,129 crores (+22% YoY); PAT: INR 412 crores (+49% YoY, 13.2% of sales); ROCE: 27%.

• FY 2026 standalone sales: INR 11,331 crores (+21% YoY); PAT: INR 1,352 crores (+39% YoY, 11.9% of sales); ROCE: 22%.

• FY26 consolidated revenue: INR 12,418 crores (+25% YoY); PAT: INR 1,198.68 crores; ROCE: 20%.

• Order intake for FY 2026: INR 17,574 crores (+30% YoY); consolidated order intake: INR 19,616 crores (+33% YoY).

• Basic EPS (standalone) for FY26 was ₹8.42, up from ₹6.38; consolidated EPS was ₹7.72, up from ₹6.38.

Outlook and guidance

• Strong revenue visibility for FY 2027 due to robust order backlog and continued demand in both domestic and export markets.

• Power systems and industrial systems expected to maintain growth trajectory, with capacity expansions and new product launches planned.

• Exports and services remain key focus areas, with ambitions to further increase their contribution.

• Management remains confident regarding ongoing direct tax litigations, expecting favorable outcomes.

• The group will continue to monitor regulatory clarifications on new labor codes and adjust accounting as needed.