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CG Power’s Q2 consolidated net loss narrows to Rs 26 crore

CG Power’s Q2 consolidated net loss narrows to Rs 26 crore

CG Power & Industrial Solutions (CG) has reported results for second quarter ended September 30, 2018.

The company has reported 3 fold jump in its net profit at Rs 28.40 crore for the quarter under review as compared to Rs 9.17 crore for the same quarter in the previous year. Total income of the company increased by 12.06% at Rs 1,426.53 crore for Q2FY19 as compared Rs 1,272.99 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 26.38 crore for the quarter under review as compared to net loss of Rs 469.87 crore for the same quarter in the previous year. Total income of the company increased by 4.40% at Rs 1,654.49 crore for Q2FY19 as compared Rs 1,584.70 crore for the corresponding quarter previous year.

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