CESC (CESC) Q4 25/26 earnings summary

Executive summary

• Audited standalone and consolidated financial results for Q4 and FY26 were approved, with unmodified audit opinions issued by statutory auditors.

• Continuation of Mr. Paras Kumar Chowdhary as Non-Executive/Independent Director was approved, subject to shareholder approval.

Financial highlights

• Standalone revenue from operations for FY26 was ₹9,732 crore, up from ₹9,584 crore in FY25; net profit after tax was ₹852 crore, up from ₹800 crore.

• Consolidated revenue from operations for FY26 was ₹18,570 crore, up from ₹17,001 crore in FY25; consolidated net profit after tax was ₹1,618 crore, up from ₹1,429 crore.

• Standalone EPS for FY26 was ₹6.43 (FY25: ₹6.03); consolidated EPS for FY26 was ₹11.63 (FY25: ₹10.33).

• Regulatory income (net) for FY26 was ₹535 crore standalone and ₹903 crore consolidated.

Outlook and guidance

• Regulatory and tariff-related matters remain under appeal, with management confident of favorable outcomes.

• The company continues to monitor regulatory changes, including new labor codes effective November 2025, with a ₹5 crore impact recognized in standalone and ₹35 crore in consolidated results.