Murugappa Group company CG Power and Industrial Solutions reported a 32 per cent rise in net profit for the quarter ended March 2026 (Q4FY26) at ₹363 crore. The profit was driven by revenue growth and strong order momentum across its industrial and power systems business. Revenue for Q4FY26 grew 25 per cent and stood at ₹3,442 crore.
For the full fiscal year 2026, CG Power reported a 23 per cent rise in net profit at ₹1,198 crore. Revenue for FY26 was ₹12,418 crore, compared to ₹9,909 crore in the previous fiscal.
On a standalone basis, the net profit of CG Power was higher, with a growth of 49 per cent at ₹412 crore, as against ₹275 crore in Q4FY25.
On a consolidated basis, order intake for Q4FY26 was at ₹5,335 crore (a 39 per cent growth YoY) and unexecuted order backlog as of March 2026 was 61 per cent higher YoY at ₹17,107 crore. Order intake for the year was at ₹19,616 crore, a 33 per cent YoY growth.
Margin gains in the fiscal driven by strong standalone performance were, however, offset on a consolidated basis by continued investment in the talent pool for semiconductor businesses. This represents a margin impact of 89 bps due to semiconductor segment.
The Industrial Systems segment saw a 6 per cent growth in revenue in FY26 despite volatility and rising commodity costs. However, the Power Systems segment saw a 46 per cent YoY revenue growth in FY26 at ₹5,138 crore, reflecting strong execution discipline.
Among the key events of the year are CG Power bagging an order for supply and servicing of a 765kV Transformer Package 7TR-12- Bulk from the PowerGrid Corporation of India Ltd (PGCIL). The company also secured the largest single order of ₹244 crore for the EHV Business from Techno Electric for supply of packaging instrument transformer, circuit breakers and lightning arrestors.
Further, in this fiscal, CG Semi Private Ltd, a subsidiary of CG Power, unveiled one of India’s first end-to-end Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat in August 2025.
“The G1 facility will operate at a peak capacity of 0.5 million units per day. G2 facility, located about 3 km from G1, is under construction and expected to be completed by the end of calendar year 2026,” the company said in its statement. “Once operational, G2 will scale up to a capacity of approximately 14.5 million units per day,” it added.
Together, the two facilities are projected to generate over 5,000 direct and indirect jobs in the coming years.
Published on May 6, 2026