CESC (CESC) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for Q3 FY25 was ₹3,561 crore, up from ₹3,244 crore in Q3 FY24; nine-month revenue reached ₹13,124 crore, up from ₹11,906 crore year-over-year.

• Consolidated net profit for Q3 FY25 was ₹279 crore, compared to ₹301 crore in Q3 FY24; nine-month net profit was ₹1,043 crore, up from ₹1,032 crore year-over-year.

• Standalone revenue for Q3 FY25 was ₹1,938 crore, up from ₹1,819 crore in Q3 FY24; nine-month standalone revenue was ₹7,437 crore, up from ₹6,792 crore year-over-year.

• Standalone net profit for Q3 FY25 was ₹172 crore, compared to ₹170 crore in Q3 FY24; nine-month standalone net profit was ₹582 crore, up from ₹570 crore year-over-year.

Financial highlights

• Consolidated EBITDA for Q3 FY25 improved due to higher regulatory income and cost management.

• Standalone profit before tax for Q3 FY25 was ₹231 crore, up from ₹217 crore in Q3 FY24.

• Earnings per share (EPS) for Q3 FY25: consolidated ₹1.99, standalone ₹1.29; nine-month EPS: consolidated ₹7.51, standalone ₹4.39.

• Regulatory income (net) for Q3 FY25: consolidated ₹300 crore, standalone ₹322 crore.

Outlook and guidance

• Management expects further regulatory adjustments pending final orders and appeals, which may impact future results.

• The company is evaluating the impact of new Electricity Distribution (Accounts and Additional Disclosure) Rules, 2024.