CG Power Hits 52-Week High As Strong Earnings, Order Intake Lift Sentiment

Mumbai, May 7:Shares of CG Power and Industrial Solutions surged on Thursday after the company reported a strong set of March-quarter earnings, with robust order inflows, rising revenues and optimism around its semiconductor business helping the stock hit a fresh 52-week high.

The stock climbed more than 5% during the session to touch a one-year high of Rs 872 on the NSE, extending its strong rally in the industrials and capital goods space. Investors cheered the company’s healthy earnings growth and expanding order backlog, which analysts said provides strong visibility for future revenue growth.

The stock was also boosted by strong order inflows on Thursday. Source: NSE

At the time of writing, the stock was up 3.85% at Rs 860.80.

Report Card

CG Power reported a 32% year-on-year rise in consolidated net profit to Rs 362 crore for the March quarter, compared with Rs 274 crore in the year-ago period. Revenue from operations rose 25% to Rs 3,442 crore, driven by strong execution in its power systems business and steady demand across industrial segments.

The company’s EBITDA rose around 30% year-on-year, while operational performance improved on the back of better execution and healthy project momentum. The power segment remained the key growth driver during the quarter, benefiting from strong infrastructure spending and rising investments in India’s transmission and distribution sector.

Strong Orders

The stock is looking pricey after rising over 40% in a year. Source: NSE

Investor sentiment was also boosted by strong order inflows. CG Power said quarterly order intake jumped 39% year-on-year to Rs 5,335 crore, while its unexecuted order backlog surged 61% to Rs 17,107 crore as of March 31, 2026. The sharp rise in the order book strengthens revenue visibility for FY27 and reflects continued demand momentum across industrial and power sectors.

Semiconductor Ambitions

The company’s semiconductor ambitions also remained in focus. CG Power said investments in its semiconductor business impacted profitability by around Rs 38 crore during the quarter, as it continued building talent and capabilities for its outsourced semiconductor assembly and testing (OSAT) operations. Its second semiconductor facility in Sanand, Gujarat, is currently under construction and is expected to significantly expand production capacity once completed.

The markets took inspiration from the company’s strong balance sheet, improving execution and exposure to long-term structural themes such as power infrastructure, railways, manufacturing and semiconductors. But valuations have become expensive after the sharp rally in the stock over the past year.

The upbeat earnings reinforced broader investor appetite for capital goods and infrastructure-linked companies, which have remained among the strongest-performing pockets of the market amid expectations of sustained government spending and private sector capex growth.

Source:

• https://www.nseindia.com/get-quote/equity/CGPOWER/CG-Power-and-Industrial-Solutions-Limited