CG Power and Industrial Solutions (NSE:CGPOWER) has announced a key change in its senior management. Mr. Sriram Rangarajan, who served as Executive Vice President and Head of the Consumer Product Business, has resigned for personal reasons. His resignation is effective from 19 March 2026, marking a planned and orderly exit.

The company had already been informed earlier about his intention to step down, and a smooth transition process was ensured. This reflects good internal governance and a structured leadership handover, which is important for maintaining business continuity.

Strong Financial Performance in Q3 FY26

CG Power delivered a robust performance in the third quarter and for the nine months ending 31 December 2025. The company achieved its highest-ever quarterly standalone revenue and profit before tax.

Revenue rose by 22% year-on-year to ₹2,909 crore, while profit before tax increased by 35% to ₹454 crore. Margins also improved by 148 basis points, showing better operational efficiency.

For the nine-month period, the company maintained strong growth momentum with healthy increases in EBITDA and PBT. This consistent performance highlights strong execution and disciplined cost management.

Order Growth and Strong Future Visibility

The company reported solid order inflows of ₹4,096 crore during the quarter, reflecting a 13% year-on-year growth. More importantly, the order backlog surged by 66% to ₹14,859 crore.

This strong backlog provides good revenue visibility for the coming quarters. It indicates that demand for the company’s products remains strong, especially in the power and industrial systems segments.

Segment Performance: Power Systems Leading Growth

The Power Systems segment emerged as a key growth driver. It recorded a 44% increase in sales along with significant margin expansion. This growth was supported by strong demand and favorable pricing conditions.

On the other hand, the Industrial Systems segment faced some pressure due to rising commodity costs. However, the company partially offset this impact through cost optimization measures.

Strategic Wins and Global Opportunities

One of the major highlights was the securing of a ₹900 crore export order for power transformers for a U.S. data center project. This is a significant win and strengthens the company’s presence in global markets.

Such large export orders also indicate growing demand for Indian engineering capabilities in international infrastructure and energy projects. It further supports the company’s long-term growth strategy.

Technical summary

CG Power & Industrial Solutions Ltd is currently trading around ₹ 697.40, declining nearly 1.38%, but continues to remain above its 50-day Simple Moving Average near ₹ 658.73, which acts as an important technical reference for the broader trend. The price structure indicates a recovery phase following a sharp corrective move, with recent candles reflecting consolidation at higher levels.

Momentum indicators remain neutral, with the 14-day RSI around 49.91, suggesting balanced conditions without strong directional bias. Immediate support is placed around ₹ 640.00– ₹ 590.00, while ₹ 760.00– ₹ 810.00 may act as a resistance zone shaping near-term movement.

Conclusion

Overall, CG Power continues to show strong fundamentals, driven by solid execution, healthy order inflows, and expanding margins.

While the resignation of a senior executive is a notable event, it appears to be well-managed and part of a planned transition. Combined with strong financial results and strategic order wins, the company remains well-positioned for future growth.