CG Power and Industrial Solutions surges on reporting over 3-fold jump in Q4 consolidated net profit
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CG Power and Industrial Solutions is currently trading at Rs. 322.25, up by 10.05 points or 3.22% from its previous closing of Rs. 312.20 on the BSE.
The scrip opened at Rs. 315.60 and has touched a high and low of Rs. 323.30 and Rs. 310.65 respectively. So far 77757 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 338.50 on 14-Feb-2023 and a 52 week low of Rs. 157.90 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 323.30 and Rs. 290.90 respectively. The current market cap of the company is Rs. 49181.27 crore.
The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 22.56% and 19.32% respectively.
CG Power and Industrial Solutions has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 2-fold jump in its net profit at Rs 240.23 crore for the quarter under review as compared to Rs 109.02 crore for the same quarter in the previous year. Total income of the company increased by 27.29% at Rs 1802.32 crore for Q4FY23 as compared to Rs 1415.97 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 426.22 crore for fourth quarter ended March 31, 2023 as compared to Rs 111.65 crore for the same quarter in the previous year. Total income of the company increased by 28.42% at Rs 1917.05 crore for Q4FY23 as compared to Rs 1492.77 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 25.24% rise in its net profit at Rs 785.36 crore as compared to Rs 627.06 crore for the previous year. Total income of the company increased by 27.95% at Rs 6658.95 crore for year under review as compared to Rs 5204.22 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 5.47% marginal fall in its net profit at Rs 962.97 crore as compared to Rs 913.07 crore for the previous year. Total income of the company increased by 27.52% at Rs 7040.30 crore for year under review as compared to Rs 5521.10 crore for year ended March 31, 2022.
