Revenue Growth
For FY23, CG Power reported consolidated revenues of approximately ₹6,580 crore, marking a healthy growth from previous years. The increase in revenue was driven by strong demand for transformers, industrial motors, and automation products, particularly in the domestic market.
Profitability
The company’s EBITDA margins have improved considerably, rising to 16-18%, a significant jump compared to the sub-10% margins prior to the restructuring. For FY23, CG Power reported a net profit of around ₹730 crore, compared to losses incurred in the pre-acquisition phase.
Debt Position
One of the key highlights of CG Power’s financial revival is its debt reduction. The company, once saddled with significant debt, is now virtually debt-free, providing a strong balance sheet and improved credit ratings.
Cash Flows
The company has generated positive free cash flows, helping fund future expansions and capital expenditures without over-reliance on external financing.
Future Outlook
CG Power’s financial performance reflects strong execution and governance under the Murugappa Group. With robust demand in power transmission, industrial automation, and green energy sectors, CG Power is poised for consistent growth in revenues and profitability in the coming years.
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