CG Power Profit Surges 44% to ₹412 Crore, Crushing Street Estimates Across Revenue and EBITDA

Heavy electrical equipment manufacturer CG Power and Industrial Solutions has posted an exceptional set of financial results for the second quarter of the 2026-27 financial year, comfortably outperforming market expectations across all core business indicators. According to corporate financial disclosures released on Friday, October 23, 2026, the company recorded a 43.6 percent year-on-year surge in consolidated net profit to reach ₹412 crore for the July-September period, up from ₹287 crore clocked during the corresponding quarter of the previous fiscal. The Murugappa Group enterprise logged broad-based momentum in order execution and factory despatches, allowing revenue, operating EBITDA, and operating margins to cleanly surpass consensus estimates compiled in the CNBC-TV18 analysts' poll.Clean Sweep Over Street Estimates: Top-Line Revenue Climbs 30% to ₹3,802 CroreThe capital goods firm demonstrated vigorous operational execution that propelled core revenues well past consensus forecasts:Revenue Outpaces Forecasts: Consolidated top-line revenue for the September quarter increased by 30 percent year-on-year to touch ₹3,802 crore, up sharply from ₹2,923 crore in the identical period last fiscal year.Beating Poll Projections: Street analysts tracked by the CNBC-TV18 poll had estimated revenue inflows at approximately ₹3,559 crore, which the company bypassed by nearly ₹243 crore on the back of aggressive client deliveries.Consolidated Profit Expansion: Standalone and group operations drove consolidated net profit to ₹412 crore, comfortably overshooting the street expectation benchmark of ₹359 crore by nearly 15 percent.Robust 43% EBITDA Growth: Operating Margins Expand to 14.2%Operational leverage and disciplined cost management translated directly into superior operating profitability during the quarter:Surging Operating Profit: Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) leaped 43.2 percent year-on-year to touch ₹540 crore, compared to ₹377 crore recorded in the same quarter last fiscal.Crushing Operating Projections: Market consensus had projected operating EBITDA at ₹444 crore, with actual reported numbers exceeding baseline estimates by almost ₹96 crore.Margin Expansion Defies Cost Pressure: EBITDA margins expanded significantly to 14.2 percent in the September quarter, up from 12.9 percent in the year-ago period and outperforming the polled projection of 12.5 percent by 170 basis points.Industrial Demand and Strategic Momentum: What Fueled the Q2 OutperformanceCG Power's stellar quarterly scorecard highlights continued strength within India's industrial and infrastructure ecosystem:Strong Capital Expenditure Tailwinds: Surging demand for heavy electrical switchgears, transformers, power automation gear, and industrial railway systems provided a massive tailwind for execution rates across production lines.All-Round Performance Milestone: Delivering beats across profitability, gross earnings, absolute EBITDA, and operating margins firmly positions the company among the top-performing capital goods manufacturing franchises in the ongoing earnings season.Optimism for the Second Half: With balance-sheet liquidity expanding and operational margins strengthening past 14 percent, the manufacturer enters the remaining quarters of FY27 well prepared to absorb larger industrial orders across power and transport verticals.