Natarajan Srinivasan, MD and CEO of CG Power and Industrial Solutions sees a combination of factors, including geopolitical tensions and upcoming elections, influencing the company's performance.

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In a conversation with CNBC-TV18, Srinivasan said despite the challenges, strong execution will help them maintain both the topline and bottom line.

In the second quarter, the company's standalone net sales grew close to 20% to ₹1,900.14 crore. Net profit close to doubled on-year to ₹355.24 crore.

Srinivasan noted that with the power segment, which encompasses transformers and switchgear, unexecuted order books have seen remarkable growth. The unexecuted order book for transformers has surged to ₹1,958 crore, marking a 74% year-on-year (YoY) increase, while for switchgear, it has jumped 64% YoY to around ₹1,278 crore.

The company retained its revenue guidance in the range of ₹7,000-7,500 crore for the fiscal year 2024.

CG Power and Industrial Solutions recently announced an expansion of capacity in the switchgear segment. The consolidated order book now stands at ₹5,229 crore.

When it comes to the railways and motor segments, Srinivasan foresees ordering continuing on a quarter-on-quarter basis. He mentioned, "It will probably be the same unless in railways we are going to get some project orders."

The company's stock has risen close to 27% over the last six months and over 46% over the last 12 months. The company's shares have been on a positive trend since it announced its debt- free status in March.

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(Edited by : Shweta Mungre)