CG Power Q3 results miss estimates, stock down 4%
pre-market1 source ↓written by the desknot a recommendation
- missing estimates
- ₹314.7 cr
- Revenue
- ₹3,175.4 cr
- the forecast
- ₹3,204.8 cr
- fell short
- ₹397.4 cr
- margins declining
- 12.5%
CG Power reported a net profit of ₹284 cr, missing estimates of ₹314.7 cr. Revenue was ₹3,175.4 cr, below the forecast of ₹3,204.8 cr. EBITDA also fell short at ₹397.4 cr, with operating margins declining to 12.5%. The stock fell 4% following the earnings announcement, reflecting investor disappointment.
Not investment advice. For informational purposes only.