CG Power and Industrial Solutions Ltd.
Q4FY23 Quarterly & FY23 Annual Result Announced for CG Power and Industrial Solutions Ltd.
Heavy electrical Equipment company CG Power and Industrial Solutions announced Q4FY23 & FY23 results:
- Standalone Q4FY23:
- Aggregate sales for Q4FY23 were higher at Rs 1,788 crore, recording a growth of 27% YoY and 9% QoQ
- PBT was at Rs 252 crore (14.1% of sales) in Q4FY23 as against Rs 131 crore (9.3% of sales) in Q4FY22 and Rs 274 crore (16.6% of sales) in Q3FY23
- Margins were higher YoY on account of volume growth, softening in input costs and procurement efficiencies
- Free cash flow generated for Q4FY23 was Rs 263 crore
- Order intake for Q4FY23 was Rs 2,073 crore (8% growth YoY) and unexecuted order book as of March 31, 2023, was Rs 4,319 crore (22% higher YoY)
- Standalone FY23:
- Aggregate sales for the year were higher at Rs 6,580 crore recording a growth of 28% YoY
- PBT was at Rs 927 crore (14.1% of sales) in FY23 as against Rs 502 crore (9.7% of sales) in FY22
- Margins were higher YoY on account of volume growth, higher sales realisation, procurement efficiencies and higher other income
- ROCE for FY23 was at 47% as against 34% in FY22
- Free cash flow generated for the year was Rs 749 crore
- Order intake for FY23 was Rs 7,828 crore (20% growth YoY)
- Consolidated Q4FY23:
- Aggregate sales for Q4FY23 were higher at Rs 1,903 crore recording a growth of 28% YoY and 9% QoQ
- PBT was at Rs 262 crore (13.8% of sales) in Q4FY23 as against Rs 135 crore (9.1% of sales) in Q4FY22 and Rs 285 crore (16.2% of sales) in Q3FY23
- Unexecuted order book of rives and Automation, Europe as of March, 31, 2023 was Rs 138 crore (17% higher YoY)
- Consolidated FY23:
- Aggregate sales for the year were higher at Rs 6,973 crore recording a growth of 27% YoY
- PBT was at Rs 950 crore (13.6% of sales) in FY23 as against Rs 504 crore (9.2% of sales) in FY22