CG Power conducted Q3 FY23 con call on 24 January 2023
Here are the key highlights of the call 👇👇👇
Here are the key highlights of the call 👇👇👇
• Overview
- Overall performance of co. is Q3 significantly good
- Since all industries have picked up their production so co. will see further growth in demand
- Co. is focusing on energy efficient products and also on alternator business whose demand is increasing
- Overall performance of co. is Q3 significantly good
- Since all industries have picked up their production so co. will see further growth in demand
- Co. is focusing on energy efficient products and also on alternator business whose demand is increasing
• Financials
- Sales grew by 14% YoY & 4% QoQ
- Co. reported highest sales & PBT in Q3 FY23
- Higher margins was mainly due to higher price realisations, higher volume, favourable product mix, moderation input cost & procurement efficiencies
- Order intake grew by 25% YoY
- Sales grew by 14% YoY & 4% QoQ
- Co. reported highest sales & PBT in Q3 FY23
- Higher margins was mainly due to higher price realisations, higher volume, favourable product mix, moderation input cost & procurement efficiencies
- Order intake grew by 25% YoY
- Co. has recently paid 200 cr to its non-convertible debentures after which it has become debt free
- 1000 cr of revenue is coming from railway side
- Jump in margins in Q3 FY23 is due to the execution of order in Q3 which were taken in Q2, aslo commodity prices have softened
- 1000 cr of revenue is coming from railway side
- Jump in margins in Q3 FY23 is due to the execution of order in Q3 which were taken in Q2, aslo commodity prices have softened
- Subsidiary based in USA, Sweden, Germany & Netherlands reported 14% growth in sales
- Order book of subsidiaries grew by 48% YoY
- Order book of subsidiaries grew by 48% YoY
• Segmental performance
- Industrial Systems
~ Aggregate sales in this segment grew by 14% YoY
~ Order intake grew by 24% YoY
~ Railway side business account for 830 cr of revenue
~ Capacity for LT & HP motors is 80-85%
- Industrial Systems
~ Aggregate sales in this segment grew by 14% YoY
~ Order intake grew by 24% YoY
~ Railway side business account for 830 cr of revenue
~ Capacity for LT & HP motors is 80-85%
- Power Systems
~ Aggregate sales grew by 13% YoY however there 2% decrease in QoQ
~ Order intake grew by 17% YoY
~ Railway side business for power account for 200 cr of revenue
~ Aggregate sales grew by 13% YoY however there 2% decrease in QoQ
~ Order intake grew by 17% YoY
~ Railway side business for power account for 200 cr of revenue
• Capex
- Co. has got approval for expanding manufacturing capacity of transformer at its plant in Bholpal & Malampur with investment of 126 cr
- Co. also got approval to expand motor capacity with investment of 230 cr over 2-3 years
- Co. has got approval for expanding manufacturing capacity of transformer at its plant in Bholpal & Malampur with investment of 126 cr
- Co. also got approval to expand motor capacity with investment of 230 cr over 2-3 years
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