CESC Ltd
CESC Q1 FY26: Capex ₹6,000 Cr
Q1 FY26 investor presentation: what the company reported on revenue, margins and projects.
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 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) - No explicit quarter-on-quarter or year-on-year revenue/sales growth figures are given for Q1 specifically, only volume figure for units sold at Malegaon DF. - Volume Growth (FY21-FY25 CAGR): - Power sales growth reported as 7% CAGR (Page 19) for overall. The investor presentation does not explicitly provide quarterly EBITDA, operating margin, or PAT figures along with year-on-year changes for any specific quarter.
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)
- No explicit quarter-on-quarter or year-on-year revenue/sales growth figures are given for Q1 specifically, only volume figure for units sold at Malegaon DF.
- 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:
- Specific quarterly revenue figures not given; 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 management made on revenue & sales performance
Profitability & Margins
See what CESC Ltd said on profitability & margins — free account, 30 seconds.
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 management made on capital expenditure plans
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
See what CESC Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
CESC Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.1K Cr, net profit ₹459 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What CESC Ltd's management said in earlier quarters
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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) - No explicit quarter-on-quarter or year-on-year revenue/sales growth figures are given for Q1 specifically, only volume figure for units sold at Malegaon DF. - Volume Growth (FY21-FY25 CAGR): - Power sales growth reported as 7% CAGR (Page 19) for overall. The investor presentation does not explicitly provide quarterly EBITDA, operating margin, or PAT figures along with year-on-year changes for any specific quarter.
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.
Is CESC Ltd planning capital expenditure?
Renewable Energy Projects: - Phase 1 targets 3,200 MW by Mar 2029 with ~Rs.
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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.