CG Power turns ₹44.5-cr. net, costs impact margin
The Hindu
TII arm’s sales surge to ₹954 crore
CG Power and Industrial Solutions Ltd. has turned a standalone net profit of ₹44.5 crore for Q1 of FY22. The firm, acquired by Tube Investments of India (TII) last year, had posted a net loss of ₹421.8 crore in the year-earlier period, the firm said in a filing. Revenue from operations surged more than fourfold to ₹954 crore. The results included an exceptional item of about ₹5 crore on account of foreign exchange losses.
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