CAPITAL GOODS · NSE/BSE: CGPOWER

CG Power and Industrial Solutions Limited Earnings Summary — Q4 FY2026

Sentiment: Positive

AI-generated summary

Generated 2026-06-25

CG Power Delivers Robust Q4 FY26 Performance with 25% Revenue Growth and Record Net Profit

Net Profit

₹3442 Cr

YoY 32.48%

Net Profit for Q4 FY26 vs Q3 FY26 and Q4 FY25 · Reconciled from narrative (was 363)

Revenue

₹3442 Cr

YoY 25.03%

QoQ 8.41%

Prior: ₹3175 Cr

Operating Margin

14%

YoY 15%

QoQ 100 bps

Prior: 14%

Dividend Yield

—

Annual dividend payout ratio was 17% for FY26

Net Debt / Equity

0.01

YoY u

QoQ up

Prior: 0.01

Key Takeaways

Revenue for the quarter surged to ₹3,442 Cr, marking a significant 25% YoY growth.
Net Profit reached a record ₹363 Cr in Q4, a sharp recovery from the ₹284 Cr reported in the previous quarter.
Operating Profit Margins (OPM) improved to 14% in Q4 FY26, rebounding from the 13% level maintained throughout the year.
Other income spiked to ₹79 Cr in the latest quarter, contributing to the higher PBT of ₹492 Cr.
The balance sheet remains exceptionally strong with Net Worth expanding to ₹7,970 Cr by fiscal year-end.
Borrowings increased slightly to ₹118 Cr but remain negligible relative to the massive equity base.
The company continues its transformation into a high-performance compounder under Murugappa Group leadership.

Management Guidance

Management remains focused on capacity expansion in EHV switchgear and new-age verticals like semiconductors and EV components to sustain double-digit growth.

Sentiment Shift

Improving

Quarterly profitability and margins showed a sequential uptick (QoQ) after three flat quarters, indicating strong execution and operating leverage.

Conservative

Expansionary

Disciplined

High-Performance

Outlook

The company is positioned as a quality compounder with a strong order book in Power and Industrial segments. Significant Capex in FY26 (₹774 Cr) signals an aggressive growth phase despite short-term negative free cash flow.

From the Annual Report (Key Quotes)

“The turnaround is among the most successful in Indian corporate history, resulting in massive shareholder wealth creation.”

“Today, it dominates the Indian electrical equipment landscape with a focus on Power Systems and Industrial Motors.”

“The management style is conservative yet opportunistic, focusing on operational excellence and cost leadership.”

Earnings Call Transcript — Q4 FY2026

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This summary is AI-generated from CG Power and Industrial Solutions Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.

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