1 week ago
HomeMarket NewsCG Power Q4 Results: Shares of Murugappa Group company falls 8% after margin miss
CG Power's margin contracted by 40 basis points from last year to 12.6%. Its industrial segment EBIT margin stood at 11% as against 13% last year.
By Meghna Sen May 6, 2025, 3:05:27 PM IST (Published)
Shares of CG Power and Industrial Solutions, part of the Murugappa Group, tumbled as much as 8% after the company reported results for the January-March period, on Tuesday, May 6.
For the March quarter, CG Power reported a revenue of ₹2,753 crore, which is nearly 26% higher than the ₹2,192 revenue it reported during the same quarter last year.
CG Power's net profit for the period also saw a 16% year-on-year rise to ₹272 crore as against ₹234 crore during the same quarter last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 22% to ₹347 crore, compared to ₹284 crore reported in the same quarter a year ago.
Meanwhile, margin contracted by 40 basis points from last year to 12.6%. Its industrial segment EBIT margin stood at 11% as against 13% last year.
Following the Q4 earnings announcement, shares of CG Power and Industrial Solutions Ltd. were trading 7.57% lower at Rs 587. The stock has declined over 20% so far in 2025.
