CG Power and Industrial Solutions’ Q2 consolidated net profit declines 9% to Rs 219 crore

Ace News

21st Oct 2024

CG Power and Industrial Solutions has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported 37.35% fall in its net profit at Rs 222.57 crore for the quarter ended September 30, 2024 as compared to Rs 355.24 crore for the same quarter in the previous year. However, total income of the company increased by 20.24% at Rs 2305.88 crore for Q2FY25 as compared to Rs 1917.76 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 9.35% fall in net profit at Rs 219.63 crore for Q2FY25 as compared to Rs 242.29 crore for the same quarter in the previous year. However, total income of the company increased by 20.94% at Rs 2441.79 crore for Q2FY25 as compared to Rs 2018.96 crore for the corresponding quarter previous year.