CG Power and Industrial Solutions Results Earnings Call for Q4FY23
Conference Call with CG Power and Industrial Solutions Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.08-05-2023
08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Appointment of Company Secretary and Compliance Officer
We wish to inform you that the Board of Directors have at their Meeting held today i.e. on 8th May, 2023 inter-alia approved the appointment of Mr. Sanjay Kumar Chowdhary, Associate Member of the Institute of Companies Secretaries of India (ACS No.: 12878) as Company Secretary and Compliance Officer and Key Managerial Personnel of the Company in terms of Section 203 of the Companies Act, 2013 (including any statutory modifications or re-enactments thereof) with effect from 9th May 2023. Further, Mr. Sanjay Kumar Chowdhary has been designated as Compliance Officer for compliances with respect to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time and Code on Insider Trading of the Company.08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Change in Directorate
We wish to inform you that the Board of Directors have at their Meeting held today i.e. on 8th May, 2023, on the recommendation of the Nomination and Remuneration Committee, approved the extension of tenure of Mr. Natarajan Srinivasan by re-appointing him as Managing Director of the Company for the period from 26th November, 2023 upto 30th April, 2025, subject to the approval of the Shareholders of the Company. It may be further noted that Mr. Srinivasan is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or of any other authority. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are provided in 'Annexure A'.08-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for CG Power and Industrial Solutions Ltd.
Heavy electrical Equipment company CG Power and Industrial Solutions announced Q4FY23 & FY23 results: Standalone Q4FY23: Aggregate sales for Q4FY23 were higher at Rs 1,788 crore, recording a growth of 27% YoY and 9% QoQ PBT was at Rs 252 crore (14.1% of sales) in Q4FY23 as against Rs 131 crore (9.3% of sales) in Q4FY22 and Rs 274 crore (16.6% of sales) in Q3FY23 Margins were higher YoY on account of volume growth, softening in input costs and procurement efficiencies Free cash flow generated for Q4FY23 was Rs 263 crore Order intake for Q4FY23 was Rs 2,073 crore (8% growth YoY) and unexecuted order book as of March 31, 2023, was Rs 4,319 crore (22% higher YoY) Standalone FY23: Aggregate sales for the year were higher at Rs 6,580 crore recording a growth of 28% YoY PBT was at Rs 927 crore (14.1% of sales) in FY23 as against Rs 502 crore (9.7% of sales) in FY22 Margins were higher YoY on account of volume growth, higher sales realisation, procurement efficiencies and higher other income ROCE for FY23 was at 47% as against 34% in FY22 Free cash flow generated for the year was Rs 749 crore Order intake for FY23 was Rs 7,828 crore (20% growth YoY) Consolidated Q4FY23: Aggregate sales for Q4FY23 were higher at Rs 1,903 crore recording a growth of 28% YoY and 9% QoQ PBT was at Rs 262 crore (13.8% of sales) in Q4FY23 as against Rs 135 crore (9.1% of sales) in Q4FY22 and Rs 285 crore (16.2% of sales) in Q3FY23 Unexecuted order book of rives and Automation, Europe as of March, 31, 2023 was Rs 138 crore (17% higher YoY) Consolidated FY23: Aggregate sales for the year were higher at Rs 6,973 crore recording a growth of 27% YoY PBT was at Rs 950 crore (13.6% of sales) in FY23 as against Rs 504 crore (9.2% of sales) in FY22 Result PDF08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed Press Release issued by the Company in connection with the financial results for the 4th quarter and year ended 31st March, 2023, announced today.08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Board Meeting Outcome for Board Meeting Outcome For The Meeting Held On 8Th May, 2023.
Please find enclosed the outcome of Board Meeting held on 8th May, 2023.08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Results For The Financial Year Ended 31St March, 2023.
Please find enclosed the Audited financial results for the 4th quarter and year ended 31st March 2023.08-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We wish to inform that the Company has received information through its Registrar and Share Transfer Agent regarding loss of share certificate as detailed in the enclosed disclosure.04-05-2023
CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulations 30(2) and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that earnings call scheduled post declaration of the financial results for the quarter and year ended 31st March, 2023 through Digital Access/Conference Call with Investors is scheduled on Monday, 8th May, 2023. In relation to the above, please find attached the Invite for the earnings call.02-05-2023