Comprehensive Overview of CESC Limited FY26 Performance and Corporate Actions
Financial Performance: CESC Limited reported strong financial results for FY 2025-26 with consolidated revenue from operations of ₹18,570.34 crore (up 9.2% YoY from ₹17,001.29 crore) and profit after tax of ₹1,617.57 crore (up 13.2% YoY from ₹1,428.93 crore). Standalone performance showed revenue of ₹9,732 crore with PAT of ₹852 crore. The company declared a 600% interim dividend of ₹6 per equity share and reported basic EPS of ₹11.63.
48th Annual General Meeting: CESC will hold its 48th AGM on September 11, 2026 via video conferencing to consider several resolutions including adoption of FY26 financial statements, confirmation of interim dividend, reappointment of Mr. Shashwat Goenka as director, continuation of Mr. Paras Kumar Chowdhary as independent director despite reaching age 75, and creation of security for borrowings up to ₹5,000 crore. Remote e-voting will be available from September 8-10, 2026.
Operational and Sustainability Highlights: The company serves 3.78 million customers across its distribution areas and generated 10,723 MU from its three plants. CESC implemented extensive sustainability initiatives including 3.8% reduction in GHG emissions, zero liquid discharge systems, water management programs, and waste reduction measures. The company is transitioning toward renewable energy with 2,400 MW projects under implementation and a target of 10GW capacity by 2031-32.
Subsidiaries and Expansion: The Group consists of 51 subsidiaries and 1 joint venture, with significant investments in Haldia Energy Limited, Dhariwal Infrastructure Limited, Noida Power Company Limited, and Purvah Green Power Private Limited. Property, plant and equipment net block reached ₹21,724.43 crore with capital work-in-progress of ₹2,905.29 crore. Total borrowings stood at ₹27,797.88 crore.
Regulatory and Compliance Matters: The company maintained regulatory deferral account balances of ₹8,665.97 crore and recognized regulatory income of ₹978.94 crore. Multiple regulatory matters are pending with APTEL and various Electricity Regulatory Commissions. The company received clean audit opinions from S.R. Batliboi & Co. LLP on financial statements and limited assurance on BRSR Core indicators from Tirkha Consultants.
Corporate Governance and Leadership: The Board includes Dr. Sanjiv Goenka (Chairman), Vineet Sikka (Managing Director - Distribution), Brajesh Singh (Managing Director - Generation), and independent directors. Key appointments included Mr. Umang Kanoria as Additional Director and Mr. Abhishek Dey as Company Secretary of Haldia Energy Limited.
Contingencies and Commitments: The Group disclosed material contingent liabilities including bank guarantees of ₹333.55 crore, standby letters of credit of ₹661.64 crore, and capital commitments of ₹13,216.43 crore, along with ongoing litigation with regulatory commissions and suppliers.