Consolidated revenue rises 30%, profit after tax rises 44%; expansion approved
CGPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty 100 and 2.6 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated second-quarter revenue from operations rose 30.1% year on year to Rs 3,801.54 crore, while profit after tax rose 43.8% to Rs 409.09 crore. Half-year revenue and profit rose 22.1% and 30.1% to Rs 7,082.35 crore and Rs 717.37 crore. The board approved about Rs 392.76 crore of additional transformer and switchgear investment. The auditor found no material reporting issue.
Profit growth and strong expected demand are positive, but expansion spending and semiconductor losses may pressure earnings and cash flow.