CESC Limited has announced its financial results for the second quarter of FY27. The company reported a 6% year-on-year growth in consolidated revenue, reaching ₹5,686 crore. PAT stood at ₹438 crore. Standalone revenue also saw a 7% increase to ₹2,914 crore, with PAT at ₹256 crore. The update also details key operational highlights and performance across its generation and distribution businesses.
CESC Announces Q2 FY27 Financial and Operational Highlights
CESC Limited has released its investor update detailing the financial performance for the second quarter and first half of the financial year 2027 (FY27). The company has demonstrated robust growth across its operations, with a notable increase in consolidated revenue.
Consolidated Performance
For the second quarter of FY27, CESC Limited’s consolidated revenue stood at ₹5,686 crore, a 6% increase compared to ₹5,351 crore in Q2 FY26. Consolidated EBITDA remained stable at ₹1,217 crore. Profit After Tax (PAT) for the quarter was ₹438 crore, a slight decrease from ₹448 crore in the prior year’s same quarter. For the first half (H1) of FY27, consolidated revenue grew by 6% to ₹11,245 crore, while PAT saw a marginal increase of 1% to ₹857 crore.
Standalone Performance
On a standalone basis, CESC reported revenue from operations of ₹2,914 crore in Q2 FY27, up 7% year-on-year from ₹2,729 crore in Q2 FY26. Standalone PAT increased by 6% to ₹256 crore from ₹242 crore in Q2 FY26. For H1 FY27, standalone revenue was ₹5,938 crore, a 5% increase, with PAT at ₹476 crore, up 5%.
Key Operational Updates
The investor update also highlights significant operational achievements:
- The company entered into a Share Purchase Agreement (SPA) with ReNew to acquire a 1.4 GWp operating renewable portfolio for an enterprise value of ₹4,859 crore.
- Purvah Green received Letters of Award (LOA) from SECI for a 175 MW Wind Project and a 70 MW RTC project.
- CESC Kolkata distribution business reported a Transmission & Distribution (T&D) loss of 6.61% in H1 FY27.
- Several generation assets, including BBGS TPP and Southern TPP, achieved high Plant Load Factors (PLF) in Q2 FY27.
- NPCL reported a 14% YoY increase in revenue to ₹1,002 crore in Q2 FY27, with T&D loss reducing to 6.98%.
- Recognized as India’s 3rd best-ranked power distribution utility by the Ministry of Power (MoP).
Subsidiary Performance
The financial performance of key subsidiaries was also detailed, showing varied results across different entities in Q2 FY27 compared to Q2 FY26. Notably, Noida Power, Haldia Energy, Dhariwal Infrastructure, and Crescent Power contributed positively to the revenue and PAT, while some distribution companies like Malegaon DF and Purvah Green reported losses.
Renewable Energy Focus
CESC is strategically expanding its renewable energy portfolio. The acquisition of the solar portfolio and the development of new wind and solar projects, including a foray into solar cell manufacturing near Jewar Airport, underscore the company’s commitment to growing its green energy capacity towards a 10 GW vision.
Source: BSE
