CG Power Q4FY26 profit up 32% on ₹3,442cr sales

Stock reaction: early jump, modest close

CG Power and Industrial Solutions Ltd shares rose after the company reported its March-quarter numbers. The stock climbed 3.70% to ₹860.65 following the results. Another update from the same day showed the stock ending 0.30% higher at ₹829.95 on the BSE. The move followed a quarter where revenue growth and a stronger order pipeline supported earnings. At the same time, the company flagged that investment spending for its semiconductor vertical affected margins.

Q4 FY26: profit rises on higher revenue

CG Power reported a 32% year-on-year jump in consolidated net profit for Q4 FY26 to ₹362 crore. The company had posted ₹274 crore net profit in the year-ago quarter. Revenue from operations rose 25.03% YoY to ₹3,441.76 crore in Q4 FY26. Another company update described quarterly sales at ₹3,442 crore, up from ₹2,753 crore a year earlier. The company attributed performance to continued momentum across its core businesses and strong order inflows.

Operating performance: PBT and EBITDA improve

Profit before tax increased 27.83% YoY to ₹490.41 crore in Q4 FY26, compared with ₹383.64 crore in Q4 FY25. EBITDA rose 30% YoY to ₹544 crore during the quarter. EBITDA margin improved to 15.8% from 15.2% in the year-ago period. The company said margin gains from its standalone business were partly offset by continued investments in talent and capabilities for its semiconductor business.

Semiconductor investments: quantified hit on profitability

CG Power indicated that investments in its semiconductor vertical weighed on margins in Q4 FY26. The company said the semiconductor segment had a negative impact of ₹38 crore on profitability during the quarter. It also quantified this as around 110 basis points. Beyond this disclosure, the company emphasised that core businesses continued to see momentum, alongside rising revenue and order inflows.

Orders: intake jumps 39% in the quarter

Order intake for Q4 FY26 stood at ₹5,335 crore, reflecting 39% year-on-year growth. The company also reported a sharp rise in its unexecuted order book. As of 31 March 2026, the unexecuted order book was ₹17,107 crore, up 61% YoY. These numbers indicate a stronger pipeline entering the new financial year, based on reported order inflows and backlog.

Full-year FY26: profit and sales rise

For the full year 2025-26, CG Power reported consolidated net profit of ₹1,197 crore, up from ₹973 crore in the previous year. FY26 sales rose to ₹12,418 crore, compared with ₹9,909 crore a year ago. The company also disclosed that FY26 order intake reached ₹19,616 crore, representing 33% growth over the last fiscal year. These full-year figures complement the Q4 trend of higher revenue and strong order inflows.

Key financial and operating snapshot

Market impact: what the numbers signalled

The immediate market response tracked the profit growth and the scale of the order pipeline reported for the quarter. A 39% rise in quarterly order intake and a 61% increase in the unexecuted order book pointed to stronger visibility, based on reported backlog levels. At the same time, the company’s disclosure that its semiconductor business reduced profitability by ₹38 crore provided a clear indicator of near-term margin pressure from investments. The reported improvement in EBITDA margin to 15.8% versus 15.2% showed that operating gains in core areas remained intact, even with the investment drag.

Analysis: why investors focused on orders and margins

Two themes dominated the reported results: execution strength in core businesses and the cost of building new capabilities. The growth in quarterly revenue and the rise in PBT and EBITDA suggested that operating leverage and demand supported earnings. Meanwhile, management’s quantified impact for the semiconductor segment framed the trade-off between current profitability and capability building. The order book data, together with FY26 order intake of ₹19,616 crore, also placed emphasis on how the company’s pipeline has expanded, based purely on reported order metrics.

Conclusion

CG Power’s Q4 FY26 results showed higher profit and revenue alongside stronger order inflows, with PAT rising 32% YoY to ₹362 crore and quarterly order intake reaching ₹5,335 crore. The company also highlighted that semiconductor investments reduced quarterly profitability by ₹38 crore. With an unexecuted order book of ₹17,107 crore as of 31 March 2026 and FY26 order intake of ₹19,616 crore, the next set of updates will be closely watched for how margins track alongside continued investment spending.