- CG Power & Industrial Solutions Ltd reported a net income of 2.41 billion rupees for the third quarter, which is a 68% decline compared to the previous year.
- The reported net income missed estimates, which were projected at 2.55 billion rupees.
- Total revenue for the company increased by 27% year-over-year, reaching 25.2 billion rupees, surpassing the estimate of 24.78 billion rupees.
- Power segment revenue rose by 42% year-over-year to 9.2 billion rupees, slightly above the estimated 9.16 billion rupees.
- Industrial segment revenue increased by 20% year-over-year to 15.9 billion rupees, but fell short of the estimated 16.12 billion rupees.
- Overall costs for the company rose by 27% year-over-year to 22.1 billion rupees.
- The company approved an investment of 7.12 billion rupees to establish a Green Field Transformer manufacturing facility with a capacity of 45,000 MVA in Western India.
- Following the quarterly report, CG Power shares fell by 6% to 560.00 rupees, with a trading volume of 17.6 million shares.
- Analyst recommendations for the company’s shares include 6 buys, 0 holds, and 3 sells.
Crompton Greaves on Smartkarma
Analyst coverage of Crompton Greaves on Smartkarma has been positive, with top independent analysts like Brian Freitas and Janaghan Jeyakumar, CFA providing bullish insights on the company’s performance. Brian Freitas, in his report titled “AMFI Stock Reclassification Preview (Dec 2024),” highlights potential market shifts due to recent large IPOs, indicating movements across market cap categories and new listings that could impact passive fund flows in the future. Janaghan Jeyakumar, CFA, in the report “Quiddity Leaderboard NIFTY Mar 25,” discusses potential index changes for NIFTY Next 50, emphasizing key potential additions and deletions in the index based on performance metrics.
A look at Crompton Greaves Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CG Power and Industrial Solutions Limited, a company specializing in manufacturing and servicing electrical equipment, displays a mixed outlook based on the Smartkarma Smart Scores. While the company has shown strong growth and resilience scores of 5, indicating robust performance in those areas, its value and dividend scores are rated at 2, reflecting moderate performance in these aspects. The momentum score stands at 3, suggesting a neutral position in terms of market trends.
Overall, the long-term outlook for Crompton Greaves, as indicated by the Smart Scores, paints a picture of a company with significant growth potential and the ability to withstand challenges. With a focus on providing transformers, reactors, switchgear control equipment, and other industrial solutions on a global scale, CG Power and Industrial Solutions seems well-positioned to capitalize on its strengths in growth and resilience despite the moderate scores in value and dividend metrics.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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