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11-Aug2018

CG Power & Industrial Solutions reports consolidated net loss Rs 85.57 crore in Q1

CG Power & Industrial Solutions has reported results for first quarter ended June 30, 2018.

The company has reported 18.78% rise in its net profit at Rs 36.81 crore for the quarter under review as compared to Rs 30.99 crore for the same quarter in the previous year. However, total income of the company decreased by 7.76% at Rs 1217.29 crore for Q1FY19 as compared Rs 1319.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 85.57 crore for the quarter under review as compared to Rs 85.98 crore (net loss) for the same quarter in the previous year. However, total income of the company increased by 3.37% at Rs 1498.38 crore for Q1FY19 as compared Rs 1449.55 crore for the corresponding quarter previous year.

Avantha Group Company CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG's offerings include electrical products, systems and services for utilities, power generation and industries.


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