New Delhi: CG Power and Industrial Solutions has posted a 57 per cent rise in consolidated net profit to Rs 203.84 crore in the April-June quarter of 2023-24, boosted by higher income.
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It had posted a net profit of Rs 129.93 crore in the same period of 2022-23, the company said in a regulatory filing on Thursday.
The total income increased to Rs 1,896.15 crore from Rs 1,651.95 crore in the year-ago quarter.
Expenses soared to Rs 1,633.59 crore in the first quarter of FY24 against Rs 1,485.29 crore a year ago.
CG is an engineering conglomerate with a diverse portfolio of products, solutions and services for power and industrial equipment and solutions.
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