On October 21, the company informed the exchanges about its financial results for the second quarter of FY25 and the sixth month period ended September 30, 2024. CG Power’s consolidated revenue from operations for the second quarter grew over 20% to ₹2,412.69 crore compared to ₹2,001.51 crore in the previous year. Sequentially, the company’s revenue from operations also increased by more than 8% from ₹2,227.52 crore in the first quarter this year.
The company’s revenue from operations for the six month of this fiscal grew by over 17% to ₹4,640.21 crore compared to ₹3,875.51 crore in the year-ago period.
CG Power and Industrial Solutions’ consolidated profit after tax (PAT) declined over 9% to ₹219.63 crore in the September quarter compared to ₹242.29 crore in the corresponding quarter last year. The company’s PAT for the September quarter was down nearly 9% compared to ₹241.24 crore in the previous quarter. In the first half of this fiscal, the company’s net profit increased more than 3% to ₹460.87 crore compared to ₹446.13 crore in the same period last year.
In the last one year, CG Power and Industrial Solutions Ltd shares have gained over 97%. The stock has given over 63% this year, so far, is up 33% in the last six months, and has gained 4% in the past month.
CG Power and Industrial Solutions shares were trading 1.78% lower at ₹730.3 apiece at 10.50 am on Monday, October 28.
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