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CG Power & Industrial Solutions Ltd Q1FY24; 57% rise in Profits.

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.

Financial Results:

CG Power & Industrial Solutions Ltd reported Revenues for Q1FY24 of ₹1,874.00 Crores up from ₹1,643.00 Crore year on year, a rise of 14.06%.

Total Expenses for Q1FY24 of ₹1,634.00 Crores up from ₹1,485.00 Crores year on year, a rise of 10.03%.

Consolidated Net Profit of ₹204.00 Crores up 56.92% from ₹130.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.33, up 56.47% from ₹0.85 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Energy
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