CESC Limited has released its investor update for Q2 FY26, highlighting key developments. Consolidated revenue increased by 12.2% to Rs 5,351 Cr, with consolidated profit before tax rising to Rs. 565 Cr. The company is also progressing in its renewable energy projects, targeting 3.2 GW by FY29. Savings in variable costs, especially from fuel and power procurement, have contributed positively to earnings.
Financial Highlights
In Q2 FY26, CESC Limited reported the following consolidated financial results:
- Revenue increased by 12.2% to Rs 5,351 Cr, compared to Rs 4,770 Cr in Q2 FY25.
- Profit Before Tax increased to Rs. 565 Cr, compared to Rs. 462 Cr in Q2 FY25.
- EBITDA stood at Rs 1,213 Cr, an increase of 11.8% compared to the previous year.
Standalone performance also showed positive trends:
- EBITDA increased to Rs 705 Cr from Rs 663 Cr.
- Profit After Tax increased by 11% to Rs 242 Cr.
Key Developments
- Significant savings were achieved in variable costs related to fuel and power procurement.
- Focus on reduction in transmission and distribution losses continues.
- Chandigarh Power Distribution Ltd. submitted a petition for a 5-year business plan.
- Malegaon DF saw a reduction in T&D loss from 40% to 37% year-over-year.
- Chandrapur TPP has commenced power supply to various entities from Q1 FY26.
Renewable Energy Initiatives
CESC, through Purvah Green Power, is actively participating in renewable energy bids. The company aims to achieve:
- 3.2 GW of renewable energy capacity by FY29.
- 10 GW by FY32.
- A clean energy mix of 60%+ by 2030.
Currently, 1200 MW of projects are under construction with power offtake tied up. These projects include:
- Project 1: 300 MW Solar (PPA signed with CESC Ltd.)
- Project 2: 450 MW Hybrid
- Project 3: 450 MW Hybrid
Operational Performance
Operational performance across various generating stations in Q2 FY26:
- Budge Budge Generating Station: 1,295 MU.
- Haldia Energy: 1,234 MU, achieving 100.6% PLF.
- Dhariwal Infrastructure: 1,044 MU, with 85.2% PLF.
Source: BSE