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CESC Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹5,607 Cr +6.5% YoYSee revenue, profit and what management said. You are viewing Q4 FY26.
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CESC Ltd

Q4 FY26Power

CESC Q4 FY26: Revenue ₹4,096 Cr, PAT ₹459 Cr

Q4 FY26 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹4,096Cr
+5.6% YoY
+2.3% QoQ
Net profit
₹459Cr
+19.2% YoY
+51% QoQ
Margin
18%
−3 pp YoY
−1 pp QoQ

Based on CESC Ltd's Q4 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.

Price₹140
Market cap₹18.8K Cr
P/E12.1

The short version

Consolidated Revenue Q4 FY26: ₹4,096 Cr, up 4% YoY from ₹3,877 Cr in Q4 FY25. Quarter (Q4 FY26) Financials (Consolidated): - EBITDA: ₹1,274 Cr, up 15% YoY from ₹1,106 Cr (Q4 FY25) - PAT: ₹459 Cr, up 19% YoY from ₹386 Cr (Q4 FY25) - Can be approximated as EBITDA / Revenue from Operations (₹1,274 Cr / ₹4,096 Cr) ≈ 31.1% - Year-on-Year (YoY) Change: - Revenue grew 4% YoY to ₹4,096 Cr - EBITDA increased by 15% - PAT increased by 19% - Explicit Margin Outlook:

From CESC Ltd's Q4 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • Consolidated Revenue Q4 FY26: ₹4,096 Cr, up 4% YoY from ₹3,877 Cr in Q4 FY25.
  • Consolidated Sales Volume Q4 FY26: 2,830 MU, up 9% YoY from 2,593 MU in Q4 FY25 (includes export & banking).
  • Standalone Revenue Q4 FY26: ₹2,224 Cr, up 1% YoY from ₹2,213 Cr in Q4 FY25.
  • Standalone Sales Q4 FY26: 2,170 MU, slightly down from 2,147 MU in Q4 FY25.
  • Noida Power Revenue Q4 FY26: ₹673 Cr, up 11% YoY from ₹605 Cr.
  • Noida Power Sales Q4 FY26: 850 MU, up 13% YoY from 753 MU.

2 more points from CESC Ltd's call on revenue

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Profitability & Margins

Quarter (Q4 FY26) Financials (Consolidated):

Locked: what CESC Ltd said on margins

Also locked on this page: fundraising, order book

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Capital Expenditure Plans

  • Solar Cell & Module Manufacturing Ecosystem
  • Location: Greater Noida (100 acres allocated by UP Govt.)
  • Capacity: 3 GW Solar Cell & Module
  • Status: Technology selection and vendor finalization underway
  • Timeline: Cell lines commissioning scheduled for 2027
  • Robust renewable projects pipeline (total ~2,400 MW capacity)
  • CESC Kolkata 300 MW Solar (Under commissioning, COD Q4 FY27)
  • NPCL 300 MW Hybrid (PPA signed, COD Q4 FY27)
  • SECI 300 MW Solar + BESS 600 MWh (LOA issued, COD Q1 FY29)
  • REMCL 180 MW RTC + Solar + BESS 400 MW + 900 MWh BESS (PPA signed, COD Q2 FY29)
  • SECI 250 MW Wind (PPA signed, COD Q1 FY29)
  • CESC Kolkata 300 MW Hybrid (PPA signed, COD Q3 FY28)

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

Guidance-ranked
1Insolation Ener
Rev 1Mar 1
2ACME Solar Holdings
Rev 1Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 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

The presentation’s Consolidated Balance Sheet (Page 20) shows an increase in borrowings (current and…

Locked: what CESC Ltd said on fundraising

Also locked on this page: margins, order book

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Order Book & Pipeline

See what CESC Ltd said on order book & pipeline — free account, 30 seconds.

CESC Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

CESC Ltd Q4 FY26 results — key figures

CESC Ltd Q4 FY26 reported results vs Q4 FY25, ₹ crore
₹ CrQ4 FY26Q4 FY25YoYQ3 FY26QoQ
Revenue4,0963,877+5.6%4,005+2.3%
Operating profit (EBITDA)743812-8.5%779-4.6%
Operating margin18%21%-3 pp19%-1 pp
Profit before tax653466+40.1%385+69.6%
Net profit (PAT)459385+19.2%304+51%
EPS (₹)3.312.81+17.8%2.15+54%

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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Frequently Asked Questions

What were CESC Ltd Q4 FY26 results?

Consolidated Revenue Q4 FY26: ₹4,096 Cr, up 4% YoY from ₹3,877 Cr in Q4 FY25. Quarter (Q4 FY26) Financials (Consolidated): - EBITDA: ₹1,274 Cr, up 15% YoY from ₹1,106 Cr (Q4 FY25) - PAT: ₹459 Cr, up 19% YoY from ₹386 Cr (Q4 FY25) - Can be approximated as EBITDA / Revenue from Operations (₹1,274 Cr / ₹4,096 Cr) ≈ 31.1% - Year-on-Year (YoY) Change: - Revenue grew 4% YoY to ₹4,096 Cr - EBITDA increased by 15% - PAT increased by 19% - Explicit Margin Outlook:

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?

Solar Cell & Module Manufacturing Ecosystem - Location: Greater Noida (100 acres allocated by UP Govt.) - Capacity: 3 GW Solar Cell & Module - Status: Technology selection and vendor finalization underway - Timeline: Cell lines commissioning scheduled for 2027 - Robust renewable projects pipeline (total ~2,400 MW capacity) - CESC Kolkata 300 MW Solar (Under commissioning, COD Q4 FY27) - NPCL 300 MW Hybrid (PPA signed, COD Q4 FY27) - SECI 300 MW Solar + BESS 600 MWh (LOA issued, COD Q1 FY29) - REMCL 180 MW RTC + Solar + BESS 400 MW + 900 MWh BESS (PPA signed, COD Q2 FY29) - SECI 250 MW Wind (PPA signed, COD Q1 FY29) - CESC Kolkata 300 MW Hybrid (PPA signed, COD Q3 FY28) - Capital expenditure for renewable projects - Approx.

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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.