CG Power Q2 FY27 results: board meet on 23 Oct 2026

Oct 23, 2026•3 min read

CG Power & Industrial Solutions Ltd

CGPOWER

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What the company has scheduled for 23 October 2026

CG Power and Industrial Solutions Ltd has scheduled a Board of Directors meeting on 23 October 2026 to consider and approve unaudited financial results. The results are for the quarter and half year ended 30 September 2026. The disclosure states the approval will cover both standalone and consolidated financial statements. The update was carried via a BSE filing dated 14 October 2026. Separately, the company has also intimated an earnings call scheduled for 23 October 2026. Together, these events set the near-term calendar for investors tracking the company’s quarterly numbers.

Board meeting agenda: quarter and half-year ended 30 Sep 2026

The core agenda item, as stated in the filing, is the consideration and approval of unaudited financial results for the period ended 30 September 2026. That means CG Power will be reporting its Q2 FY26-27 (FY27) performance along with the half-year numbers. The meeting is scheduled for 23/10/2026. The filing explicitly notes the results will be approved on both standalone and consolidated bases. This is an important distinction for investors because consolidated results include subsidiaries and can diverge from standalone performance depending on the business mix.

Earnings calendar snapshot: last and upcoming result dates

Market trackers show CG Power’s last earnings date as 24 July 2026 for Q1 FY26-27. The upcoming earnings date is listed as 23 October 2026 for Q2 FY26-27. These dates align with the company’s filings around board meetings and results disclosures. For context, the broader results calendar for 23 October 2026 also includes Bharat Petroleum Corporation Ltd, as shown in the shared calendar table. This matters mainly for investors and traders watching sector-wide flows during a heavy results session.

Q1 FY27 performance recap: revenue, profit, and quarterly trend

For Q1 FY26-27 (quarter ended 30 June 2026), CG Power reported revenue of ₹3,280.81 crore. This was a quarter-on-quarter decline of 4.68% from ₹3,441.76 crore. Despite the sequential dip, the company posted a year-on-year revenue growth of 13.99%. Profit before tax stood at ₹422.88 crore, down 14.11% QoQ from ₹492.36 crore, but up 16.25% YoY. Net profit for the quarter was ₹308.28 crore, down 15.18% QoQ from ₹363.46 crore, and up 15.52% YoY.

Key numbers at a glance

The following table summarises the key figures cited for the latest reported quarter (Q1 FY27) and the scheduled reporting event.

Item	Figure	Period / Date	Notes
Board meeting for unaudited results	23 Oct 2026	Q2 FY27 and half year ended 30 Sep 2026	Standalone and consolidated basis (BSE filing)
Earnings call	23 Oct 2026	Alongside results	Company intimation referenced
Revenue	₹3,280.81 crore	Q1 FY27 (ended 30 Jun 2026)	-4.68% QoQ, +13.99% YoY
Profit before tax	₹422.88 crore	Q1 FY27	-14.11% QoQ, +16.25% YoY
Net profit	₹308.28 crore	Q1 FY27	-15.18% QoQ, +15.52% YoY
Analysts’ price target (revised)	₹665	As cited	Raised from ~₹643

Street view: price target raised to about ₹665

Analysts have lifted their price target for CG Power and Industrial Solutions to about ₹665 from roughly ₹643. The cited reasons include updated assumptions around discount rates, revenue growth, profit margins, and future P/E estimates. This change signals that at least part of the coverage universe has refreshed its model inputs after recent disclosures and financial prints. While a target revision is not a guarantee of stock performance, it is a data point investors often track around results season. The market’s next reference point will be the Q2 FY27 numbers and management commentary.

Trading window mention: what is being circulated

A social media post referencing a BSE-based update stated that the trading window for dealing in company securities by designated persons remains closed and would reopen 48 hours after declaration of financial results. The same post reiterated the board meeting date as 23 October 2026 and the scope of the results (standalone and consolidated). Since this wording is attributed to a post that cites BSE, investors typically cross-check the exact trading-window language in the company’s formal exchange filing before acting on it. The practical takeaway is that compliance-related dealing restrictions generally run through results and disclosure events.

Earlier board outcomes: Q3 FY26 approval (Jan 2026) and audited results (May 2026)

CG Power previously announced the outcome of a Board Meeting held on 27 January 2026. The stated focus was approval of unaudited financial results for the third quarter and nine months ended 31 December 2025, on both standalone and consolidated bases. Separately, another “What’s in the News” update noted a board meeting scheduled for 6 May 2026 to review and approve audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, as per a company filing. These dated events provide continuity on how the company has sequenced approvals and disclosures across quarters.

October 2025 decisions: Q2 FY26 results and a ₹748.20 crore plant

In a previous cycle, the board met on 29 October 2025 and approved Q2 FY2025-26 results for the quarter and half-year ended 30 September 2025. Disclosed figures included standalone revenue of ₹2,649.19 crore (+16.7% YoY) and consolidated revenue growth of 21.1% YoY to ₹2,922.79 crore. The same set of updates also referenced strategic approvals including a ₹748.20 crore greenfield switchgear plant aimed at doubling capacity within 33 months. The disclosures also noted a shift of the registered office effective 9 December 2025 and referenced ₹3,000 crore QIP funds as completed.

Market impact and why the 23 October meeting matters

The immediate market relevance of the 23 October 2026 meeting is that it sets a firm date for Q2 FY27 and half-year financial approval. For investors, the Q2 print will be read alongside Q1 FY27 trends, where revenue grew 13.99% YoY but declined sequentially by 4.68%. Profitability also saw a QoQ decline in Q1 FY27, even as YoY growth remained positive for both PBT and net profit. The earnings call scheduled for the same day can add context on drivers that are not fully visible in headline numbers, especially when the company reports both standalone and consolidated results.

Conclusion: next milestone is the Q2 FY27 approval and call

CG Power’s near-term milestone is the board meeting on 23 October 2026 to approve unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The same date is also scheduled for an earnings call, based on the referenced intimation. With analysts citing a higher price target of about ₹665 from around ₹643, the Q2 outcome and management commentary will be the next key datapoints investors track. The next confirmed step on the calendar is the board’s consideration and approval of those unaudited results on 23 October 2026.

Frequently Asked Questions

The upcoming earnings date is listed as 23 October 2026 for Q2 FY26-27.

The board is scheduled to consider and approve unaudited financial results on standalone and consolidated bases for the quarter and half year ended 30 September 2026.

For Q1 FY27 (ended 30 June 2026), revenue was ₹3,280.81 crore and net profit was ₹308.28 crore.

The target was raised from roughly ₹643, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E estimates.

The update referenced approval of Q2 FY26 results and key decisions including a ₹748.20 crore greenfield switchgear plant, a registered office shift effective 9 December 2025, and ₹3,000 crore QIP funds noted as completed.