CG Power and Industrial Solutions Limited (CGPOWER) today announced its financial results for the quarter and half-year ended September 30, 2026, showcasing another quarter of robust growth and profitability. The company’s performance builds on the momentum established in the past few quarters, reflecting execution discipline across businesses and supported by robust demand.

Record-High Financial Performance

Q2 FY27 sales grew 32% year-on-year to INR 3,505 Cr, while the profit after tax (PAT) grew by 46% to INR 450 Cr, marking one of the strongest quarterly performances in recent times. The company’s order intake grew by 90% year-on-year to INR 8,016 Cr, and the unexecuted order backlog as of September 30, 2026, stood at INR 21,820 Cr, offering multi-quarter visibility.

Segment-Wise Performance

The Industrial Systems segment recorded aggregate sales of INR 1,738 Cr, a 25% year-on-year growth, driven by strong growth across all businesses. The Power Systems segment saw a sharp rise in sales by 41% year-on-year to INR 1,769 Cr, supported by disciplined execution and robust demand.

CGPOWER’s consolidated sales for the quarter were up at INR 3,802 Cr at a growth of 30% year-on-year. The profit before tax (PBT) was 44% higher at INR 559 Cr (14.7% of sales) for the quarter as against INR 388 Cr (13.3% of sales) in Q2FY26. The return on capital employed (ROCE) for the quarter was at 25%.

CGPOWER continues to strengthen India’s power infrastructure manufacturing capabilities with the rollout of the first transformer from India’s largest transformer manufacturing facility at Sehore. Additionally, CG’s existing manufacturing facilities are undergoing significant expansions to increase capacity and meet growing demand.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of CG Power and Industrial Solutions Limited

CG Power and Industrial Solutions Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

CG holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG stands at 13.68 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 9.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock trades at 70% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Revenue grows at 21.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of CG Power and Industrial Solutions Limited.

Mahindra Logistics Limited (MAHLOG), one of India’s leading integrated logistics & mobility solutions providers, today announced its unaudited consolidated financial results for the quarter ended 30th September, 2026. The company reported a 24% year-on-year (YoY) revenue growth to Rs. 2,095 crores, with a profit after tax (PAT) of Rs. 26.2 crores, up 3.5 times from the same quarter last year.

Revenue and Profitability

The robust performance was driven by a 5% quarter-on-quarter (QoQ) growth in revenue, alongside a 46% YoY increase in EBITDA to Rs. 124 crores. The EBITDA margin expanded by 90 basis points to 5.9%. The earnings per share (EPS) (Diluted) rose to Rs. 2.64 from Rs. 1.20 in Q2 FY26.

Business Segment Performance

The Contract Logistics Business grew 28% YoY, primarily due to volume growth for key customers including the Mahindra & Mahindra Auto business. The Express Business (MESPL) saw a significant turnaround with 69% YoY and 11% sequential growth, achieving its first EBITDA positive quarter after acquisition. The Last Mile Delivery business delivered revenue of Rs. 68 crores in Q2 FY27, prioritizing business quality and margins over topline. The Mobility business expanded by 33% YoY driven by new customer additions in the B2B segment.

Commenting on the performance, Mr. Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd., said, “Q2 FY27 was a strong quarter, with revenue growing 24% YoY and PAT improving 3.5 times to ₹26 crore. These results reflect the benefits of sharper execution, stronger operating discipline, and a clear focus on profitable growth. We are increasingly focused on improving both the quality and sustainability of growth across the portfolio. Our focus on profitable growth is also reflected in improving capital efficiency. ROCE increased to 12.9% in H1 FY27 from 1.7% in H1 FY26, demonstrating stronger capital productivity and our commitment to creating long-term shareholder value.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mahindra Logistics Limited

Mahindra Logistics Limited belongs to the Industrials › Integrated Freight & Logistics sector. Here’s a quick read on where the business and the stock stand today.

Mahindra holds in the upper half of its 52-week range, a sign the market backs the stock. D/E of 1.91 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 1.6x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. Price climbs recently despite 11.0% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of Mahindra Logistics Limited.

Tembo Global Industries Limited (NSE: TEMBO) marked a significant milestone today with the Bhoomi Poojan ceremony for its proposed defence manufacturing facility in Amravati, Maharashtra. This ceremony represents a crucial step forward in the Group’s efforts to establish a dedicated manufacturing presence in the defence and security sector, complementing its established engineering, industrial products, and infrastructure businesses.

Strategic Expansion into Defence Manufacturing

The proposed facility is being developed through the Company’s subsidiary, Tembo Classic Engineering Private Limited (TCEPL), as part of its long-term strategy to build capabilities in small arms and ammunition manufacturing. The Amravati project builds on the Group’s earlier initiatives to enter the defence manufacturing sector, including its strategic engagement with the Government of Maharashtra and the development of its proposed manufacturing facility in the state.

Regulatory Milestones and Future Plans

TCEPL has received a licence from the Ministry of Home Affairs, Government of India, for the manufacture of ammunition of various calibres and has also obtained a small-arms manufacturing licence. These regulatory milestones provide an important foundation for the development of the Group’s defence manufacturing capabilities, subject to applicable statutory requirements and project implementation. The Company intends to progressively develop the infrastructure, manufacturing capabilities, and operational readiness required to support its planned entry into the arms and ammunition market.

As Tembo Global Industries Limited aims to build a platform for participation in relevant domestic and international defence markets, the project also reflects the Group’s broader diversification strategy, which seeks to create additional long-term growth opportunities alongside its existing businesses. Commenting on the occasion, Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Limited, said: “The Bhoomi Poojan ceremony for our proposed defence manufacturing facility in Amravati marks an important milestone in Tembo Global Industries’ journey towards building a presence in India’s defence manufacturing ecosystem. This is more than the beginning of a facility; it represents our long-term commitment to developing manufacturing capabilities in strategically important areas such as small arms and ammunition.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Tembo Global Industries Limited

Tembo Global Industries Limited belongs to the Industrials › Metal Fabrication sector. Here’s a quick read on where the business and the stock stand today.

Tembo falls 89.2% over three months and has not found a floor yet. The PEG of 0.08 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 8.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. RSI stands at 28, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Both the business and the stock move in the right direction. Revenue grows at 61.4%, profits at 156.9%, and the PEG sits at 0.08 — below its growth rate. That combination is rare. Check Fundamentals of Tembo Global Industries Limited.