CG Power and Industrial Solutions Q3 profit falls 58% to Rs 228 crore
CG Power and Industrial Solutions on Tuesday said its consolidated net profit declined 58 per cent to Rs 227.86 crore in December quarter 2022-23.
The company’s net profit in the year-ago period was Rs 545.06 crore, according to a BSE filing.
Total income rose to Rs 1,809.95 crore in the quarter from Rs 1,558.89 crore in the same period a year ago.
Total expenses also increased to Rs 1,528.22 crore from Rs 1,385 crore in the same period of 2021-22.
The company’s board has also approved a proposal to expand the manufacturing capacity of power transformer and distribution transformer units of the company at its plants in Malanpur and Bhopal at an investment of Rs 126 crore.
