CG Power reports H1 growth as capacity expands
CG Power reported H1 revenue of ₹7,082.35 crore and PAT of ₹717.37 crore, led by Power Systems. Capacity expansion in transformers and switchgear continues as the stock faces short build-up, with ₹850 max pain ahead of the 27 Oct expiry.
pre-market1 source ↓machine-written, see hownot a recommendation
- CGPOWER close
- ₹821.00
- On the day
- -3.98%
- Futures OI, short build-up
- +5.5%
- Put-call ratio
- 0.60
- Max pain
- ₹850.00
CG Power & Industrial Solutions reported consolidated Q2 revenue of ₹3,801.54 crore and profit after tax of ₹409.09 crore, while H1 revenue reached ₹7,082.35 crore and H1 PAT stood at ₹717.37 crore. Power Systems led the performance as the company accelerated capacity projects in power transformers and switchgear ⚡. The interim report, published on 23 Oct 2026, linked the expansion to rising demand and a growing order pipeline.
The update matters because transformer and switchgear capacity is a direct constraint in the power-equipment cycle. Additional capacity can help the company address larger order opportunities, while the reported H1 profit provides an earnings base against which execution and margins will be assessed. The company’s focus on these segments also places the result within the broader electricity transmission, distribution and infrastructure investment theme.
H1 PAT ₹717.37 cr is the key earnings figure, while the capacity additions and order pipeline are the principal operating catalysts. The report did not provide a numerical order-book value in the available excerpt, so the scale of the pipeline remains an item for further disclosure.
OI Charts data for 21 Oct 2026 showed the stock at ₹821.00, down 3.98% on the day, on volume of 2,591,591 shares. The stock had declined 3.9% over five sessions and 9.8% over 20 sessions, compared with a 52-week range of ₹525.50 to ₹980.90. In derivatives, futures open interest rose 5.5% with a short build-up, while the futures premium was 0.13% and the put-call ratio was 0.6.
The near-term derivatives setup points to ₹850.00 as max pain and the largest call open interest, while the largest put open interest was at ₹860.00 for the 27 Oct 2026 expiry. These levels, along with the next disclosure on project commissioning, capacity utilisation and order intake, are the key indicators for how the market assesses the earnings update.
Source: TradingView, 23 Oct 2026
Not investment advice. For informational purposes only.