CG Power shares declined nearly 4% to their intraday low of ₹860.20 on Wednesday, August 19, as investors reacted to the company's latest update regarding a suspected cyberattack on its IT systems, according to NSE data. The stock had closed at ₹894.20 in the previous session and recovered some losses during the trading session, trading around 3.18% lower at ₹865.80 during Wednesday's session. The negative market reaction contrasts sharply with the positive response seen earlier when the company had reported strong Q1 FY26 financial results, highlighting investor concerns about the cyber security breach despite the company's assurance that core operations remain unaffected.
CG Power and Industrial Solutions has reported a suspected cyber event involving its information technology systems, as confirmed in a regulatory filing made after market hours on Tuesday, August 18, 2026, according to NSE data. The company stated that "the event has not impacted the core systems and operations of the company." The company is working closely with a specialized team of external and internal cybersecurity experts to assist in investigations, remediation and mitigation of the security breach. After the cyber attack, the company also informed the Indian Computer Emergency Response Team (CERT-In), which is the national nodal agency for responding to computer security incidents. This proactive approach to addressing the incident demonstrates the company's commitment to maintaining operational resilience.
CG Power delivered exceptional financial results for Q1 FY27, with consolidated net profit reaching ₹313.01 crore, representing a 16.26% increase from the previous year, according to Business Standard. The company's revenue from operations rose 13.99% year-on-year to ₹3,280.81 crore, demonstrating strong operational momentum across business segments. EBITDA increased 4% to ₹397 crore from ₹381.7 crore year-ago, with EBITDA margin narrowing to 12% from 13.3%. The strong performance exceeded market expectations and contributed to the positive market reaction before the cyber incident announcement.
The company's Power Systems business continued to drive growth with revenue rising to ₹1,398.2 crore from ₹1,070.1 crore year-ago, as reported by CNBC TV18. Revenue from the Industrial Systems segment increased to ₹1,789.5 crore from ₹1,691.5 crore. The nascent Semiconductor business generated ₹94 crore in revenue during the quarter but remained loss-making, reporting a ₹50 crore loss, widening sharply from a loss of ₹8.7 crore in the corresponding quarter last year as investments in the business continued.
This week, CG Power's subsidiary Axiro Semiconductor Private Limited acquired a 100% stake in Tosil Systems Private Limited for a total consideration of ₹16.44 crores, according to an exchange filing on Monday, August 17. The acquired entity is involved in providing semiconductor and embedded engineering services, including silicon design, verification and physical implementation, embedded software and Linux BSP development, and Edge AI engineering services to global semiconductor and electronics OEMs. Despite the positive business developments, the latest cyber incident announcement has overshadowed the company's operational achievements and contributed to the significant market decline. CG Power shares have delivered more than 960% returns to investors in the last five years, over 101% gains in the last three years, and more than 28% returns on their investments in the last one-year period, as per NSE data.
