CG Power and Industrial Solutions Ltd. reported standalone net profit for the December quarter contracted 11% to ₹216 crore from the year-earlier period on rising input costs.
Sales grew by 13% to ₹1,860 crore, of which Industrial Systems accounted for ₹1,214 crore and Power Systems the balance. Cost of raw materials jumped from ₹1,112 crore to ₹1,247 crore, the Murugappa group company said in a regulatory filing.
The results for the year-earlier period included an exceptional item of ₹51 crore pertaining to reversal of excess provision towards settlement of corporate guarantee obligation and litigation expenditure.
CGPISL generated free cash flow of ₹246 crore. The unexecuted order book rose 34% to ₹5,556 crore.
The company declared an interim dividend of ₹1.30 per share to be paid by February 21.
