Story continues below Advertisement Remove AdFor the whole year, the standalone PAT was 28 percent at Rs 1,004 crore compared to Rs 785 crore in FY 23.
The company’s standalone total income increased to Rs 2139.31 in the fourth quarter from Rs 1802.32 crore in the same period last year.
For the whole year ending on March 31, 2024, the standalone total income was Rs 7760.80 crore as against Rs 6658.95 crore registered a year ago.
199 crores (Rs.
6,276 crores (Rs.
CG Power Q4
CG Power and Industrial Solutions Ltd has reported a standalone profit after tax of Rs 240.59 crore for the January-March 2024 quarter, marginally up from Rs 240.23 crore from the same period last year, the company said in a statement on May 6.
The company's standalone PAT was Rs 216.47 crore in the third quarter.
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For the whole year, the standalone PAT was 28 percent at Rs 1,004 crore compared to Rs 785 crore in FY 23.
The company’s standalone total income increased to Rs 2139.31 in the fourth quarter from Rs 1802.32 crore in the same period last year.
For the whole year ending on March 31, 2024, the standalone total income was Rs 7760.80 crore as against Rs 6658.95 crore registered a year ago.
The company declared and paid an interim dividend of Rs. 199 crores (Rs. 1.30 per share) in March 2024.
Aggregate sales for the quarter were higher at Rs. 2,084 crores recording a growth of 17percent YoY. Margins were higher YoY at 15.2 percent of sales (14.1 percent of sales in last year) on account of higher realisations, favourable product mix and cost efficiencies in Power systems, the company said.
Free cash flow generated for the quarter was Rs.178 crores, it said.
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The unexecuted Order Book was at 31 Mar 2024 was 45 percent higher YoY at Rs. 6,276 crores (Rs. 4,319 crores as at 31 Mar 2023), the company
The company received approval from the Union Cabinet under India’s Semiconductor scheme to set up an Outsourced Semiconductor Assembly and Test (‘OSAT’) facility at Sanand, Gujarat.
The estimated investment in the project over five years is Rs. 7,600 crore and the same is expected to be funded by a combination of government subsidies, equity contribution and potential bank borrowings as required, the company said.
Renesas Electronics Corporation, Japan and Stars Microelectronics, Thailand are the Technology and Joint Venture partners, it added.
CG Power and Industrial Solutions, during the quarter incorporated a subsidiary named CG Semi Private Limited ('CG SEMI') on March 08, 2024, to set up an Outsourced Semiconductor Assembly and Test ('OSAT') facility, it said in the statement.
