CESC Q1 FY26: Capex ₹6,000 Cr
Q1 FY26 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹5,202Cr
- +7% YoY
- +34.2% QoQ
- Net profit
- ₹404Cr
- +4.1% YoY
- +4.9% QoQ
- Margin
- 17%
- +9 pp YoY
- −4 pp QoQ
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Based on CESC Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Page 21 (Malegaon DF Q1 FY26): - Units Sold: 0.8 BU (approximate, Q1 FY26) - T&D Loss: ~39.7% - Collection Efficiency: 97%+ (FY25) - Volume Growth (FY21-FY25 CAGR): - Power sales growth reported as 7% CAGR (Page 19) for overall.
From CESC Ltd's Q1 FY26 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- Page 21 (Malegaon DF Q1 FY26):
- Units Sold: 0.8 BU (approximate, Q1 FY26)
- T&D Loss: ~39.7%
- Collection Efficiency: 97%+ (FY25)
- Volume Growth (FY21-FY25 CAGR):
- Power sales growth reported as 7% CAGR (Page 19) for overall.
- Segment-wise volume CAGR: CESC Kolkata - 7%, NPCL Greater Noida - growth implied, CPDL Chandigarh - 16%, Distribution Franchises 6-11% CAGR (Pages 17-19).
- Revenue:
- FY25 distribution revenue for various assets given (Pages 17-18).
- Outlook:
- Aiming for double-digit PAT growth with sustained RoE expansion (Page 30).
- Incremental sales of 11,000 MU expected from renewables over next 5 years (Page 14).
2 more points from CESC Ltd's call on revenue
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Profitability & Margins
Key financial highlights from the presentation relevant to profitability include:
Locked: what CESC Ltd said on margins
Also locked on this page: fundraising, order book
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Capital Expenditure Plans
- Renewable Energy Projects:
- Phase 1 targets 3,200 MW by Mar 2029 with ~Rs. 8,700 Cr capex and ~Rs. 1,200 Cr annualized revenue.
- 1,700 MW wind (11 sites under land agreement evaluation; 3,500 MW agreements signed with Inox, Suzlon & Envision).
- 1,500 MW solar (3,000 acres acquired; 8,000+ acres under acquisition; 600 MW EPC with Waaree, Sterling & Wilson).
- Projects under implementation: 1,200 MW with PPAs & connectivity secured.
- Future Plans:
- 10 GW renewable capacity by FY32 (Phase 2).
- 3 GW solar cell and module manufacturing ecosystem planned over 2 years.
- Distribution capex of Rs 6,000 Cr (Phase 1).
- Other:
2 more points from CESC Ltd's call on capex
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Based on the content provided:
Locked: what CESC Ltd said on fundraising
Also locked on this page: margins, order book
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Order Book & Pipeline
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CESC Ltd — Quarterly revenue & net profit
CESC Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 5,202 | 4,863 | +7% | 3,877 | +34.2% |
| Operating profit (EBITDA) | 864 | 371 | +132.9% | 812 | +6.4% |
| Operating margin | 17% | 8% | +9 pp | 21% | -4 pp |
| Profit before tax | 508 | 492 | +3.3% | 466 | +9% |
| Net profit (PAT) | 404 | 388 | +4.1% | 385 | +4.9% |
| EPS (₹) | 2.92 | 2.85 | +2.5% | 2.81 | +3.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹5.6K Cr, net profit ₹438 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What CESC's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Adani PowerGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were CESC Ltd Q1 FY26 results?
Page 21 (Malegaon DF Q1 FY26): - Units Sold: 0.8 BU (approximate, Q1 FY26) - T&D Loss: ~39.7% - Collection Efficiency: 97%+ (FY25) - Volume Growth (FY21-FY25 CAGR): - Power sales growth reported as 7% CAGR (Page 19) for overall.
What is CESC Ltd share price analysis?
CESC Ltd currently shows a neutral. The stock trades at a P/E of 12.1 with a market cap of ₹18,761 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.