CESC reports strong Q2 FY26 results, advances renewable energy projects

CESC Limited's consolidated revenue for Q2 FY26 increased by 12.2% to Rs 5,351 Cr., with consolidated profit before tax rising to Rs 565 Cr. from Rs 462 Cr. in Q2 FY25. The company also achieved significant savings in variable costs related to fuel and power procurement, while maintaining focus on reducing Transmission & Distribution (T&D) loss. Consolidated EBITDA for Q2 FY26 stood at Rs 1,213 Cr., an 11.8% increase from Rs 1,085 Cr. in Q2 FY25.

Notable developments include NPCL's 9% year-over-year sales growth in Q2 FY26, with EBITDA increasing to Rs 109 Cr. The Rajasthan Distribution Franchisees (DFs) also saw consolidated EBITDA rise to Rs 25 Cr. and profit after tax to Rs 4 Cr. The Board of Directors declared an interim dividend of Rs 6/- per share (600%). In renewable energy, CESC’s Purvah Green Power has begun participating in bids from REIA, SECI, NTPC, NHPC, and SJVN.

The company is progressing towards a 3.2 GW renewable energy target by FY29 and 10 GW by FY32, with 1200 MW currently under construction and power offtake tied up. A 300 MW solar project in Nokh, Jaisalmer, Rajasthan, has a power purchase agreement signed with CESC Ltd. at a tariff of Rs 2.69/unit and is in full swing for construction, targeting a commercial operation date of March 31, 2026.