CG Power and Industrial Solutions on Friday posted a 37 per cent growth in consolidated net profit to Rs 244 crore in the September quarter, mainly on the back of higher revenues.
The company’s profit was at Rs 178 crore in the quarter ended September 30, 2022, a BSE filing said.
Total sales of the company increased to Rs 2,002 crore during the quarter under review from Rs 1,675 crore in the same period a year ago.
The consolidated results include the performance of the company’s operating subsidiaries in Sweden, Germany, and the Netherlands (Drives and Automation Europe), as well as CG Adhesives Products Ltd (India), and other non-operating and holding subsidiaries, the filing said.
