CG Power & Industrial Solutions has reported results for second quarter ended September 30, 2020.

The company has reported net loss of Rs 134.90 crore for the quarter under review as compared to net loss of Rs 1511.54 crore for the same quarter in the previous year. Total income of the company decreased by 41.40% at Rs 572.57 crore for Q2FY21 as compared Rs 977.12 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 109.37 crore for the quarter under review as compared to net loss of Rs 1595.21 crore for the same quarter in the previous year. However, total income of the company decreased by 56.51% at Rs 673.45 crore for Q2FY21 as compared Rs 1548.50 crore for the corresponding quarter previous year.

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