Heavy Electrical Equipment company CG Power and Industrial Solutions announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Aggregate sales for the quarter were higher at Rs 2,084 crore recording a growth of 17% YoY.
- PBT (before exceptional items) was at Rs 316 crore as against Rs 252 crore in Q4FY23.
- Margins were higher YoY at 15.2% of sales (14.1% of sales in last year) on account of higher realisations, favourable product mix and cost efficiencies in Power systems.
- Free cash flow generated for the quarter was Rs 178 crore.
- Unexecuted Order Book as at 31 Mar 2024 was 45% higher YoY at Rs 6,276 crore (Rs 4,319 crore as at 31 Mar 2023).
FY24 Financial Highlights:
- Aggregate sales for the year were higher at Rs 7,610 crore recording a growth of 16% YoY.
- PBT (before exceptional items) was at Rs 1,146 crore as against Rs 927 crore in FY23.
- Margins were higher YoY at 15.1% of sales (14.1% of sales in last year) on account of higher realisations, favourable product mix, cost efficiencies and execution of export orders with better margins in Power systems and higher other income.
- ROCE for FY24 was at 37%.
- Free cash flow generated for the year was Rs 784 crore.