Murugappa Group company reported a 32 per cent rise in net profit for the quarter ended March 2026 (Q4FY26) at ₹363 crore. The profit was driven by revenue growth and strong order momentum across its industrial and power systems business. Revenue for Q4FY26 grew 25 per cent and stood at ₹3,442 crore.
For the full fiscal year 2026, CG Power reported a 23 per cent rise in net profit at ₹1,198 crore. Revenue for FY26 was ₹12,418 crore, compared to ₹9,909 crore in the previous fiscal.
On a standalone basis, the net profit of CG Power was higher, with a growth of 49 per cent at ₹412 crore, as against ₹275 crore in Q4FY25.
On a consolidated basis, order intake for Q4FY26 was at ₹5,335 crore (a 39 per cent growth YoY) and unexecuted order backlog as of March 2026 was 61 per cent higher YoY at ₹17,107 crore. Order intake for the year was at ₹19,616 crore, a 33 per cent YoY growth.
Margin gains in the fiscal driven by strong standalone performance were, however, offset on a consolidated basis by continued investment in the talent pool for semiconductor businesses. This represents a margin impact of 89 bps due to semiconductor segment.
The Industrial Systems segment saw a 6 per cent growth in revenue in FY26 despite volatility and rising commodity costs. However, the Power Systems segment saw a 46 per cent YoY revenue growth in FY26 at ₹5,138 crore, reflecting strong execution discipline.
Among the key events of the year are CG Power bagging an order for supply and servicing of a 765kV Transformer Package 7TR-12- Bulk from the PowerGrid Corporation of India Ltd (PGCIL). The company also secured the largest single order of ₹244 crore for the EHV Business from Techno Electric for supply of packaging instrument transformer, circuit breakers and lightning arrestors.
Further, in this fiscal, CG Semi Private Ltd, a subsidiary of CG Power, unveiled one of India’s first end-to-end Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat in August 2025.
“The G1 facility will operate at a peak capacity of 0.5 million units per day. G2 facility, located about 3 km from G1, is under construction and expected to be completed by the end of calendar year 2026,” the company said in its statement. “Once operational, G2 will scale up to a capacity of approximately 14.5 million units per day,” it added.
Together, the two facilities are projected to generate over 5,000 direct and indirect jobs in the coming years.