CG Power and Industrial Solutions Ltd’s Q4FY18 consolidated sales increased by 18.1% yoy to Rs1,792.4cr from Rs1,517.6cr (net of excise duty) in Q4FY17. EBITDA has increased by 34.5% yoy to Rs143.5cr from Rs106.6cr in Q4FY17, while EBITDA margin increased from 7% in Q4FY17 to 8% in Q4FY18. Owing to one-time expenses related to litigation claims and set of write-offs in relation to inventories and other receivables, the company reported net loss of Rs389.6cr vs Rs41cr in Q4FY17. Adjusting for exceptional loss, net profit declined by 15% yoy to Rs24.6cr.
• Employee cost and other expenses in proportion to sales declined during the quarter. This led to higher increase in EBITDA and margin.
• Other income declined by 99% yoy to Rs21lakhs.
CG Power & Industrial Solutions Ltd is currently trading at Rs. 72.40, down by 4.45 points or 5.79% from its previous closing of Rs. 76.85 on the BSE.
The scrip opened at Rs76 and has touched a high and low of Rs76.75 and Rs72 respectively. So far 15,73,104 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
Please use the temporary password sent on your email id or mobile no.
Update Mobile no.
Why you need to update your Mobile number ?
By providing verified mobile number we provide more exclusive information in the website.
Update Mobile no.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.