Business Standard

CG Power and Industrial Solutions' Q4 profit after tax rises to Rs 428 cr

CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income

Early Q4 earnings propped by RIL show

Press Trust of India New Delhi

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CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income.

It had reported a PAT of Rs 111.65 crore for the year-ago quarter, the company said in a BSE filing.

Total income surged to Rs 1,917.05 crore from Rs 1,492.77 crore in January-March FY22.

Total expenses rose to Rs 1,654.63 crore from Rs 1,358.03 crore a year ago.

CG Power is an engineering conglomerate with diverse portfolio of products, solutions and services for power and industrial equipment and solutions.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 08 2023 | 3:03 PM IST

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