Cesc Ltd · NSE:CESC
Cesc — Q1 FY26 Earnings Presentation
21 slides from Cesc's earnings presentation, Jul 30, 2025
Slide 1: Stock exchange filing cover letter
DOC:SEC:1482/2025-26/144 July 30, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G- Block, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE: 500084 SCRIP CODE: CESC Dear Si
Slide 2: Investor Update – Q1 FY26
Soe ae RP-Sanjiv Goenka “HPN Group Growing Legacies | T Investor Update — Q1 FY26 I E D (Cesc
Slide 3: Part of RP-Sanjiv Goenka Group
Part of RP-Sanjiv Goenka Group Too Yumm, a India’s first fully integrated utility company, serving across Innovating in the through new-age brands Naturali and Within Beauty. Group turnover of ~US$5 Bn* A transforming operations across industries through its - LSG is a premier IPL franchisee focused
Slide 4: CESC: Powering millions of Indian homes and businesses
CESC: Powering millions of Indian homes and businesses India’s first fully integrated electrical utility company (since 1899) with business interest in generation & distribution of power & Headquartered in Kolkata. NPCL Grater Generation Distribution Renewables Noida CPDL Chandigarh Power Operates 5
Slide 5: Growing Power Demand in India
Growing Power Demand in India Economic activity Per capita Consumption Air Conditioner India’s Per capita 3,600 40% of India's AC Sales (Mn.) Strong GDP forecast of 7%+ in consumption is at population expected 18.7 2,474 medium term. 1,538 to live in cities by 1,538 kWh, 10 significantly lower 2030
Slide 6: Consolidated and Standalone Performance – Q1 FY26
Consolidated Performance – Q1 FY26 Q1 FY26 Q1 FY25 % Change FY25 FY24 % Change Gross Revenue (Rs Cr.) 5,285 4,918 7.5% 17,375 15,544 11.8% EBITDA (Rs Cr.) 1,175 1,115 5.4% 4,311 4,134 4.3% PAT (Rs Cr.) 404 388 4.1% 1,428 1,447 (1.2%) Standalone Performance – Q1 FY26 Q1 FY26 Q1 FY25 % Change FY25 FY2
Slide 7: Key Subsidiaries Financial Performance
Key Subsidiaries Financial Performance Q1 FY26 Q1 FY25 FY25 FY24 Revenue EBITDA PAT Revenue EBITDA PAT Revenue EBITDA PAT Revenue EBITDA PAT CESC Ltd (Consolidated) 5,285 1,175 404 4,918 1,115 388 17,375 4,311 1,428 15,544 4,134 1,447 CESC Standalone 2,906 666 211 2,881 656 192 9,765 2,622 800 8,729
Slide 8: Key Developments – Q1 FY26
Key Developments – Q1 FY26 Consolidated Revenue in Q1FY26 increased by 7.5% YoY to Rs. 5,285 Cr., Rajasthan DFs - Consolidated EBITDA increased to Rs. 29 Cr in Q1FY26 while Consolidated PBT increased to Rs. 508 Cr. as against Rs. 492 Cr. in as against Rs. 27 Cr in Q1FY25, and Consolidated PAT increa
Slide 9: CESC Investor Presentation Q1FY26
8 8 CESC Investor Presentation Q1FY26
Slide 10: Renewable Energy Initiatives
Renewable Energy Initiatives Target to fully commission 3,200 MW Planned Renewable Capacity of 3,200 MW by FY29 in Phase-1 and overall capacity of 10,000 MW in Phase-2 under Purvah Green Power Private Limited ("Purvah") by Mar -2029 3200 Connectivity of 7.3 GW submitted, with approval secured for 3.
Slide 11: Purvah Green Power - Projects Under Implementation
Purvah Green Power - Projects Under Implementation Total Projected ~ Rs. 1,200 Cr 1,200 MW Solar 600 MW Wind 600 MW Capacity Annual Revenue Offtake Capacity Connectivity Expected Projects Type Location Arrangement Status (MW) Status COD with Project-1 PPA Solar 300 Rajasthan CESC Secured Q4FY26 Sola
Slide 12: Project 1 - 300 MW Solar - Update
Project 1 - 300 MW Solar - Update PPA signed with CESC Ltd., WBERC approval received Location: Nokh, Jaisalmer, Rajasthan Status: All major contracts finalized, Construction is in full swing Grid Connectivity: Bhadla III GSS (ISTS), Final Grant Received SCOD: March 31, 2026 Illustrative Image Annual
Slide 13: Project 1 - 300 MW Solar - Update
Project 1 - 300 MW Solar - Update On-site Construction in Full Swing Power Transformer Foundation MCR Foundation Switchyard & Gantry Tower ICR Foundation Land Status: Module EPC Contract: Power GSS bay 220 kV 948 acres sourcing—LOI LOI issued to transmission Transformers ordering is in out of 1,095
Slide 14: Performance of Generation Assets
Performance of Generation Assets Budge Budge- BBGS Haldia (TPP) Chandrapur (TPP) Southern- SGS (TPP) Crescent (TPP) (TPP) 3* 250 2*300 2*300 2*67.5 40 100 MW - TANGEDCO Short Term Supply – CESC, Kolkata* CESC, Kolkata 187 MW - NPCL CESC, Kolkata* 225 MW – Medium Term PPA Competitive CIL Linkage CIL
Slide 15: Generation Business – Operational Performance
Generation Business – Operational Performance Q1 FY26 Q1 FY25 FY25 FY24 Capacity (MW) Sent Out Sent Out Sent Out Sent Out PLF PLF PLF PLF Units Units Units Units % % % % (MU) (MU) (MU) (MU) Budge Budge Generating 750 1,278 85% 1,363 90% 5,060 84% 5,296 87% Station Southern Generating Station 135 78
Slide 16: Our Presence in Distribution Assets
Our Presence in Distribution Assets Presently serving more than 4.7 million Customers handling 4.4 GW+ power spanning across 1,454 Sq. KM area Kolkata Noida Chandigarh Rajasthan DF Malegaon DF Licensee Licensee Licensee Input Based Franchisee Input Based Franchisee 567 335 114 381 57 36 lakhs 1.87 l
Slide 17: Distribution Business – Operational Performance
Distribution Business– Operational Performance Q1 FY26 Q1 FY25 FY25 FY24 Sales T&D Revenue Sales T&D Revenue Sales T&D Revenue Sales T&D Revenue (MU) Loss % (Rs Cr.) (MU) Loss % (Rs Cr.) (MU) Loss % (Rs Cr.) (MU) Loss % (Rs Cr.) CESC Kolkata 3,440 - 2,906 3,547 - 2,881 11,857* 6.5% 9,765 11,149* 6.9
Slide 18: Annual Financial Performance
Annual Annual Financial Financial Performance Performance Consolidated Financials (in Cr.) (in Cr.) (in Cr.) FY25 17,375 FY25 4,311 FY25 1,428 FY24 15,544 FY24 4,134 FY24 1,447 FY23 14,555 FY23 3,734 FY23 1,397 FY22 12,820 FY22 3,930 FY22 1,405 FY21 11,874 FY21 3,832 FY21 1,363 (INR.) (INR) FY25 4.5
Slide 19: Standalone Financial Performance
Standalone Financial Performance In Rs Cr. Q1 FY26 Q4 FY25 Q1 FY25 FY25 FY24 Revenue from Operations 2,862 2,147 2,860 9,584 8,606 Other Income 44 66 21 181 123 Regulatory Income (net) 93 143 561 1,135 1,496 Total Revenue 2,999 2,356 3,442 10,900 10,225 Cost of Electricity Purchased 1,269 735 1,595
Slide 20: Consolidated Financial Performance
Consolidated Financial Performance In Rs Cr. Q1 FY26 Q4 FY25 Q1 FY25 FY25 FY24 Revenue from Operations 5,202 3,877 4,863 17,001 15,293 Other Income 83 153 55 374 251 Regulatory Income (net) 228 140 689 1,248 1,757 Total Revenue 5,513 4,170 5,607 18,623 17,301 Cost of Electricity Purchased 2,396 1,24
Slide 21: Cautionary Statement
Cautionary Statement Statement in this “Investor Update” describing the Company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those exp