C

CESC Ltd

Q2 FY25Power

CESC Q2 FY25: Revenue ₹9,688 Cr, PAT ₹761 Cr

Q2 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹140
Market cap₹18.8K Cr
P/E12.1
Updated25 Sept 2026
Read4 min read

Based on CESC Ltd's Q2 FY25 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

For H1 FY25, CESC Ltd (Consolidated) reported revenue of ₹9,688 Cr, up from ₹8,783 Cr in H1 FY24, representing a year-on-year (YoY) increase of about 10.3%. Quarter (H1 FY25) Financials (from Page 29): - EBITDA: ₹2,200 Cr (up from ₹2,116 Cr in H1 FY24) - PAT: ₹761 Cr (up from ₹731 Cr in H1 FY24) - Operating Margin: - Although explicit operating margin percentage for the quarter is not directly stated, from FY24 fiscal year figures (Page 28) EBITDA margin appears stable around 26-27% (e.g., FY24 EBITDA ₹4,134 Cr on revenue ₹15,544 Cr).

From CESC Ltd's Q2 FY25 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • For H1 FY25, CESC Ltd (Consolidated) reported revenue of ₹9,688 Cr, up from ₹8,783 Cr in H1 FY24, representing a year-on-year (YoY) increase of about 10.3%.
  • Standalone revenue rose to ₹5,565 Cr in H1 FY25 from ₹5,041 Cr in H1 FY24, a YoY increase of approximately 10.4%.
  • Key subsidiaries like Haldia Energy Ltd and Dhariwal Infrastructure Ltd had revenues of ₹1,036 Cr and ₹1,063 Cr respectively in H1 FY25, slightly lower or stable YoY.
  • Noida Power recorded ₹1,558 Cr revenue in H1 FY25 versus ₹1,348 Cr H1 FY24, about a 15.7% YoY increase.

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 generation of 3.2 GW planned over next 3 years under Purvah Green Power Private Ltd (Page 7, 22).
  • 3,240 MW of wind projects in EPC mode under development with Inox, Suzlon, & Ecoren across Gujarat, Madhya Pradesh, Karnataka, Andhra Pradesh, Rajasthan (Page 22).
  • Applied for 1,800 MW solar CTU connectivity, expected by Q3 FY25; additional 600 MW acquired (Page 22).
  • Applied for 2,995 MW wind CTU connectivity, expected by Q3 FY25; binding term sheet for 300 MW connectivity acquired (Page 22).
  • Acquired multiple solar and wind project stakes/projects totaling ~1,050 MW capacity in Rajasthan (Pages 23-24).
  • Green Hydrogen Production facility (10,500 MT/annum) expected commissioned within 3 years via CESC Projects Ltd (Page 22).

2 more points management made on capital expenditure plans

Top-ranked in Power

Ranked on what management guided this quarter

5x potential
1Insolation Ener
Rev 1Mar 1
2ACME Solar Hold.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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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

The investor presentation does not explicitly report any details on order book, order inflow, or pending orders. The presentation focuses on: - Financial performance (revenue, EBITDA, PAT) - Operational performance of generation and distribution assets - Key subsidiaries' financials - Renewable project updates - Distribution business metrics (losses, consumer base)

2 more points management made on order book & pipeline

CESC Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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.

Full financials →

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Frequently Asked Questions

What were CESC Ltd Q2 FY25 results?

For H1 FY25, CESC Ltd (Consolidated) reported revenue of ₹9,688 Cr, up from ₹8,783 Cr in H1 FY24, representing a year-on-year (YoY) increase of about 10.3%. Quarter (H1 FY25) Financials (from Page 29): - EBITDA: ₹2,200 Cr (up from ₹2,116 Cr in H1 FY24) - PAT: ₹761 Cr (up from ₹731 Cr in H1 FY24) - Operating Margin: - Although explicit operating margin percentage for the quarter is not directly stated, from FY24 fiscal year figures (Page 28) EBITDA margin appears stable around 26-27% (e.g., FY24 EBITDA ₹4,134 Cr on revenue ₹15,544 Cr).

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 generation of 3.2 GW planned over next 3 years under Purvah Green Power Private Ltd (Page 7, 22).

Keep CESC Ltd on your radar — track it to get its next earnings analysis in your feed.

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.