The board has cleared a qualified institutional placement (QIP) to raise ₹3,500 crore. CG Power reported a healthy 21 per cent year-on-year (Y-o-Y) revenue growth and a flat Y-o-Y adjusted profit before tax. Cash position as of H1FY25 stands at ₹900 crore. The industrial systems margin was weak, reflecting stiffer competition. Order inflows were up 31 per cent Y-o-Y and 1.35 times revenues for H1FY25 (up 44 per cent Y-o-Y for Q2FY25).
The order backlog grew 50 per cent Y-o-Y and up 10 per cent Q-o-Q. The management expects power transformer capacity to reach 35k MVA by March 2025 and shared plans to take it to 40k MVA. It is positive on the switchgear segment.
However, it may go slow on expanding capacity for low tension motors, given moderate market growth and high market share. It is on track to expand capacity for high tension motors, where it has a low market share. Capacity expansion could drive gains for CG Power.
Denne historien er fra October 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
Tourists visiting the iconic Dal Lake will now enjoy a hassle-free travel experience with the launch of Uber's first water transport service in Asia, aptly named 'Uber Shikara'.
Warmer than normal winters likely this season, says IMD
Nov 2024 among the warmest since 1901
Ram Janmabhoomi stir picked up pace after Shah Bano case: Jung
The Ram Janmabhoomi movement gained momentum after the Rajiv Gandhi government's knee-jerk reaction to the Shah Bano case in 1985, leading to cascading communalism in the country, former Delhi lieutenant governor Najeeb Jung said on Monday.
Delhi airport sets up special enclosures for delayed flights
The Delhi airport is establishing special enclosures at its terminals to accommodate passengers stuck in aircraft for more than three hours.
Swiggy expands its 10-min Bolt delivery service to over 400 cities
'BOLT' FROM BLUE
Ola Electric powers ahead with 4,000 store target
Marks 4x increase with 3,200 new outlets joining 800 existing stores
MAY THE BEST AIP WIN
Navy's choice between German and Spanish submarines could boil down to who has the best Air Independent Propulsion
Macro-driven funds that can fall prey to timing risk
DSP Mutual Fund has launched the DSP Business Cycle Fund.
Dixon Tech to gain from high volumes, new biz
May emerge as major smartphone manufacturer; brokerages positive
Price hikes key trigger for cement majors
Cement had a slow quarter with volumes up 3 per cent year-on-year (Y-o-Y) on average in the second quarter of the current financial year (Q2FY25).
