CESC (CESC) Q2 25/26 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, were approved and reviewed by the Board and statutory auditors, with no material misstatements noted.

• An interim dividend of ₹6.00 per equity share was declared, payable to shareholders as of October 27, 2025.

Financial highlights

• Standalone revenue from operations for Q2 FY26 was ₹2,676 crore, up from ₹2,639 crore in Q2 FY25; consolidated revenue was ₹5,267 crore, up from ₹4,700 crore year-over-year.

• Standalone net profit for Q2 FY26 was ₹242 crore, compared to ₹218 crore in Q2 FY25; consolidated net profit was ₹445 crore, up from ₹373 crore year-over-year.

• Standalone EPS for Q2 FY26 was ₹1.83 (not annualised); consolidated EPS was ₹3.21.

• Regulatory income (net) contributed ₹54 crore to standalone and ₹68 crore to consolidated profit before tax in Q2 FY26.

Outlook and guidance

• Regulatory adjustments and appeals regarding tariff orders and cost recoveries remain ongoing, with management confident of favorable outcomes.

• The company expects further adjustments upon final regulatory decisions, particularly regarding coal mining and tariff matters.