CG Power one of the leading companies in Industrials have seen good growth in Order book for the Financial Year 2023-24. The same has been discussed below:
The unexecuted order book for Q4 standalone as of 31st March 2024, was 45% higher year-on-year at Rs. 6276 crores against Rs. 4319 crores as of March 31, 2023.
Segment wise bifurcation of order book for FY23:
For Industrial Systems, the unexecuted order book was 25% higher, year-on-year at Rs. 2,544 crores vas against Rs. 2,040 crores as of March 31st, 2023.
For Power Systems, The Order book was 64% higher year-on-year at Rs. 3,731 crores as against Rs. 2,279 crores as of March 31st, 2023.
This shows a great potential of growth in the upcoming years. However, the execution of these orders will take around 2-3 years. The Company has also seen a lot of order inflow form the railways for the 4Q of FY23.
The CEO of the Company has quoted that it expects a strong growth for the year 2024, with topline growth being 40% for the railways.
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