CG Power Sees 32% Increase in Q4 Profit, but Semiconductor Growth Reduces Margins

CG Power and Industrial Solutions Ltd Reports Strong Quarterly Growth

CG Power and Industrial Solutions Ltd has reported a significant 32% year-on-year jump in consolidated net profit to Rs 362 crore in the fourth quarter, driven by strong growth in revenue, order inflows, and continued momentum across its core businesses.

The company's revenue from operations rose 25% to Rs 3,442 crore in the January-March quarter from Rs 2,753 crore a year earlier, while EBITDA increased 30% year-on-year to Rs 544 crore. For the full fiscal year, aggregate sales rose 25% year-on-year to Rs 12,418 crore.

CG Power said order inflows remained strong during the quarter, with intake rising 39% year-on-year to Rs 5,335 crore. The company's unexecuted order backlog stood at Rs 17,107 crore as of March 31, 2026, marking a 61% increase over the previous year and providing strong revenue visibility for FY27.

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The company separately said order momentum during the quarter was supported by several key wins, taking the order backlog up 59% year-on-year to Rs 15,719 crore.

CG Power's return on capital employed (annualised) stood at 24% for the quarter. The company said margin gains from its standalone business performance were partly offset by continued investments in building talent and capabilities for its semiconductor business. The semiconductor segment had an impact of Rs 38 crore on profitability during the quarter, equivalent to around 110 basis points.

CG Semi Private Limited, a subsidiary of CG Power and Industrial Solutions Ltd, has been investing heavily in its semiconductor business. The company last year launched its G1 OSAT facility with capabilities in conventional and advanced semiconductor packaging, and a peak capacity of 0.5 million units per day. Its second facility, G2, currently under construction near the G1 site in Sanand, is expected to be completed by end-2026 and will scale capacity to nearly 14.5 million units per day. Together, the two units are expected to generate over 5,000 direct and indirect jobs.

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