CESC Ltd
CESC Q2 FY26: Revenue ₹10,636 Cr, PAT ₹286 Cr
Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.
Based on CESC Ltd's Q2 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
For H1 FY26, consolidated revenue was Rs 10,636 Cr, up from Rs 9,688 Cr in H1 FY25, a ~9.8% YoY increase. Quarter EBITDA: Rs 665 crore, up 7.7% year-on-year (YoY). - Operating Profit (EBITDA Margin): 13.4%, increased 20 basis points YoY. - Profit After Tax (PAT): Rs 286 crore, grew 17.4% YoY. - Explicit Margin Outlook: The presentation does not state a specific explicit margin outlook for future quarters.
From CESC Ltd's Q2 FY26 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- For H1 FY26, consolidated revenue was Rs 10,636 Cr, up from Rs 9,688 Cr in H1 FY25, a ~9.8% YoY increase.
- Power sales volume growth details:
- CESC Kolkata reported a 7% CAGR power sales growth from FY21-FY25.
- NPCL saw 9% CAGR growth over FY21-FY25.
- CESC Rajasthan had 16% CAGR growth over FY21-FY25.
- Distribution franchise assets like Kota DF showed 11% CAGR sales growth (FY21-FY25).
- For Malegaon DF, losses reduced from >50% to ~39% in FY25 with a focus on breakeven in next 3 years.
- The presentation's outlook includes:
- Doubling PAT by 2030 with incremental sales of 11,000 MU over next 5 years, mostly from renewables (19,000 MU to 30,000 MU).
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
- CESC plans significant capex across distribution licenses and renewables to drive growth and double PAT by 2030 (Page 14).
- Renewable projects under implementation total 1,600 MW with ~Rs. 10,800 Cr capex and annualized revenue of ~Rs. 1,500 Cr (Page 29).
- Target to commission first phase of 3,200 MW renewable capacity by Mar 2029 (Page 29).
- Land acquired: 3,120 acres for solar, 384 acres for wind; further acquisitions ongoing (Page 29).
- Agreements signed for 3,500 MW wind projects in turnkey and supply mode (Page 29).
- Battery Energy Storage System (BESS) projects: 300 MW Solar + 600 MWh BESS under discussion with OEMs (Page 29).
- Developing 3 GW solar cell and module manufacturing ecosystem by 2027 (Page 30).
- Phase 1 renewables capex Rs 6,000 Cr; overall capex Rs 23,000+ Cr (Page 12).
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 Q2 FY26 results?
For H1 FY26, consolidated revenue was Rs 10,636 Cr, up from Rs 9,688 Cr in H1 FY25, a ~9.8% YoY increase. Quarter EBITDA: Rs 665 crore, up 7.7% year-on-year (YoY). - Operating Profit (EBITDA Margin): 13.4%, increased 20 basis points YoY. - Profit After Tax (PAT): Rs 286 crore, grew 17.4% YoY. - Explicit Margin Outlook: The presentation does not state a specific explicit margin outlook for future quarters.
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?
CESC plans significant capex across distribution licenses and renewables to drive growth and double PAT by 2030 (Page 14). - Renewable projects under implementation total 1,600 MW 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.