CESC (CESC) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024, were approved by the Board on November 12, 2024.

• Statutory auditors issued limited review reports with no material misstatements identified.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹2,639 crore, up from ₹2,448 crore in Q2 FY24; consolidated revenue was ₹4,700 crore, up from ₹4,352 crore year-over-year.

• Standalone net profit after tax for Q2 FY25 was ₹218 crore, compared to ₹230 crore in Q2 FY24; consolidated net profit attributable to owners was ₹353 crore, compared to ₹348 crore year-over-year.

• Standalone EPS for Q2 FY25 was ₹1.65 (not annualised); consolidated EPS was ₹2.67.

• Regulatory income (net) contributed ₹109 crore standalone and ₹119 crore consolidated in Q2 FY25.

Outlook and guidance

• Appeals have been filed regarding certain regulatory orders; management is confident of favorable outcomes and will adjust financials upon finality.

• New Electricity Distribution Rules, 2024, are being evaluated for impact, with no immediate effect on accounting or results.