Overview
- CG Power reported March-quarter net profit of Rs 362 crore, up 32% year on year, with revenue at Rs 3,442 crore.
- New orders reached Rs 5,335 crore in Q4, taking the unexecuted backlog to Rs 17,107 crore, while FY26 profit rose to Rs 1,197 crore on sales of Rs 12,418 crore.
- Nomura, Emkay, MOFSL and Nuvama raised estimates and targets after the results, the shares touched a new 52-week high, and Jefferies kept a Hold with a Rs 745 target.
- Analysts highlighted strong execution in the Power Systems business and a planned 1.5x increase in transformer capacity to about 110 GVA by 2026, which could support exports and data-center projects.
- They also noted softer Industrial Systems, including railways, and continued losses at the chip packaging unit OSAT, with MOFSL expecting losses to narrow from FY28 after a second capacity phase completes by end-2026.