CG Power’s consolidated net loss widens to Rs 150 crore in Q3

13 Feb 2019 Evaluate

CG Power & Industrial Solutions (CG) has reported results for third quarter ended December 31, 2018.

The company has reported a net loss at Rs 66.82 crore for the quarter against net profit of Rs 2.37 crore for the same quarter in the previous year. However, total income of the company increased by 14.22% at Rs 1421.69 crore for Q3FY19 as compared Rs 1244.67 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 150.18 crore for the quarter as compared to net loss of Rs 28.23 crore for the same quarter in the previous year. However, total income of the company increased by 12.63% at Rs 1730.99 crore for Q3FY19 as compared Rs 1536.89 crore for the corresponding quarter previous year.

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