CG Power reported a mixed set of June-quarter results, with revenue, profit and operating performance all missing Street estimates despite posting double-digit year-on-year growth.

The Murugappa Group company said quarterly profit increased, but margins narrowed and semiconductor losses widened during the period. The company also announced a brownfield expansion of its Extra High Voltage (EHV) Gas Insulated Switchgear (GIS) manufacturing facility in Nashik, aimed at meeting rising demand. For readers tracking the stock, the combination of higher sales growth and weaker profitability underscores that execution on margins remains an important part of the company’s near-term performance alongside capacity expansion, especially in businesses where manufacturing scale and product mix can affect operating outcomes.