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Q1FY21 results: CG Power and Industrial Solutions records net loss of Rs 262.88 crore

Ganesh V
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Q1FY21 results: CG Power and Industrial Solutions records net loss of Rs 262.88 crore

CG Power and Industrial Solutions Limited announced its Q1FY21 results on Sep 8, 2020. The consolidated net loss in Q1FY21 came in at Rs 262.88 crore, which rose  by 257.17 per cent, as compared to Q1FY20, when it reported a loss of Rs 73.6 crore.

The company reported consolidated net sales of Rs 362.73 crore in Q1FY21, which declined by 79.55 per cent YoY from Rs 1773.73 crore in Q1FY20.

The company posted negative EBITDA of Rs 107.94 crore in Q1FY21 that decreased by 247.64 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 73.11 crore.

EBITDA margin as of Q1FY21 was at negative 29.76 per cent that declined by 33.88 per cent YoY. EBITDA margin for Q1FY20 was 4.12 per cent. The net profit margin in Q1FY21 came in at negative 72.47 per cent, which declined by 68.32 per cent YoY. The net profit margin for Q1FY20 was negative 4.15 per cent.

The share price of the company at 11:37am was trading at Rs 23, down by 4.96 per cent. 

Particulars

Q1FY21 (Rs in cr)

Q1FY20 (Rs in cr)

Per cent change

Net Profit(loss)

(262.88)

(73.60)

257.17

Net Revenue

362.73

1,773.73

-79.55

Operating Profit(loss)

(107.94)

73.11

-247.64

EBITDAM%

-29.76

4.12

-33.88

PATM%

-72.47

-4.15

-68.32

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