CESCNSECESC Limited· PowerMediumNeutral
Announced Wed, 30 Jul · 19:35 IST

CESC Limited has informed the Exchange about General Updates

Order Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

CESC · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

CESC reported consolidated Q1 FY26 revenue of Rs 5,285 Cr, up 7.5% YoY, with EBITDA at Rs 1,175 Cr (+5.4%) and PAT at Rs 404 Cr (+4.1%). Standalone PAT grew 9.9% to Rs 211 Cr. The company highlighted cost savings on fuel and power procurement, and continued reduction in T&D losses (consolidated T&D loss fell to 12.78% from 13.28%). CESC's renewable arm Purvah Green Power is targeting 3,200 MW capacity by March 2029 (10,000 MW in Phase 2), with 1,200 MW under implementation including a 300 MW solar project in Rajasthan expected to commission by Q4 FY26 (annualised revenue ~Rs 200 Cr). The Chandigarh Power Distribution acquisition (Feb 2025) contributed Rs 212 Cr revenue in Q1 FY26. New medium-term PPAs signed by Chandrapur TPP with Adani Electricity, Tata Power, and NPCL.

Likely market impact

Steady growth in revenue and profitability, along with aggressive renewable energy expansion and new distribution franchisee wins, signals a strong growth pipeline. Shareholders can expect margin support from cost savings and T&D loss reduction, though Malegaon DF continues to report losses (Rs 44 Cr PAT loss in Q1 FY26) which is a watch point.