CG Power shares rally over 8% as Q3 earnings beat estimates, capex plans boost sentiment

CG Power & Industrial Solutions posted a consolidated net profit for the third quarter of Rs 240.53 crore, down from Rs 747.50 crore in the year-ago period. However, the decline was largely due to a one-time profit of Rs 551 crore from discontinued operations in Q3 FY24. Adjusted for this, the companys net profit rose 22% year-on-year.