CESC Q1 FY27: Rs 419 Cr PAT, 600 percent dividend, ReNew solar buy
CESC · price
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CESC Q1 FY27 consolidated PAT up 3 percent YoY at Rs 419 Cr on Rs 5,559 Cr revenue (up 5 percent). Board declared Rs 6 per share (600 percent) interim dividend. Purvah Green signed SPA with ReNew to acquire 1.4 GWp operating solar portfolio for Rs 4,859 Cr, expected to close by Oct-end. Acquisition supports 10 GW renewable energy vision. Operationalized 435 MWp solar and won 175 MW SECI wind LOA. T and D losses improved across Rajasthan, Chandigarh, Malegaon and Kolkata. Standalone PAT rose 4 percent to Rs 220 Cr.
Strong quarter with dividend cheer; major ReNew acquisition accelerates 10 GW renewable roadmap, boosting long-term growth visibility.