CESC Limited — Quarter ended 31 March 2026 (audited) and year ended 31 March 2026 (audited)
| Particulars | Three months ended 31.03.2026 (Audited) (1) | Three months ended 31.12.2025 (Unaudited) (2) | Three months ended 31.03.2025 (Audited) (3) | Year ended 31.03.2026 (Audited) (4) | Year ended 31.03.2025 (Audited) (5) |
|---|---|---|---|---|---|
| Income from operations | |||||
| Revenue from operations | 2170 | 2024 | 2147 | 9732 | 9584 |
| Other income | 54 | 56 | 66 | 207 | 181 |
| Total income | 2224 | 2080 | 2213 | 9939 | 9765 |
| Expenses | |||||
| Cost of energy purchased | 789 | 788 | 735 | 3904 | 4224 |
| Cost of fuel | 482 | 320 | 378 | 1615 | 1814 |
| Purchase of Stock-in-trade | 1 | 0 | 1 | 2 | 6 |
| Employee benefits expense | 247 | 243 | 192 | 1049 | 946 |
| Finance costs | 207 | 217 | 216 | 870 | 866 |
| Depreciation and amortisation | 170 | 170 | 176 | 678 | 694 |
| Other expenses | 259 | 261 | 380 | 1231 | 1288 |
| Total expenses | 2155 | 1999 | 2078 | 9349 | 9838 |
| Profit before regulatory income and tax | 69 | 81 | 135 | 590 | (73) |
| Regulatory Income (net) | 250 | 138 | 143 | 535 | 1135 |
| Profit before tax | 319 | 219 | 278 | 1125 | 1062 |
| Tax Expenses :- | |||||
| – Current Tax | 109 | 69 | 77 | 363 | 322 |
| – Deferred Tax / (credit) | (13) | (26) | (17) | (90) | (60) |
| Total tax expense | 96 | 43 | 60 | 273 | 262 |
| Profit for the period | 223 | 176 | 218 | 852 | 800 |
| Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss | |||||
| – Remeasurement of defined benefit plan (net of tax) | (21) | (2) | (11) | (37) | (15) |
| – Gain on fair Valuation of investment | 0 | – | 0 | 0 | 0 |
| – Deferred Tax on above | (0) | – | (0) | (0) | (0) |
| Other Comprehensive income/(expense) for the period | (21) | (2) | (11) | (37) | (15) |
| Total Comprehensive Income for the period | 202 | 174 | 207 | 815 | 785 |
| Paid-up Equity Share Capital | |||||
| (Face value of Re. 1/- each) | 133 | 133 | 133 | 133 | 133 |
| Other Equity | 9584 | 9752 | |||
| Earnings Per Share (EPS) (Rs.) – refer note 5(ii) | |||||
| Basic & Diluted (not annualised) | 1.69 | 1.33 | 1.64 | 6.43 | 6.03 |
| Particulars | Three months ended 31.03.2026 (Audited) (1) | Three months ended 31.12.2025 (Unaudited) (2) | Three months ended 31.03.2025 (Audited) (3) | Year ended 31.03.2026 (Audited) (4) | Year ended 31.03.2025 (Audited) (5) |
|---|---|---|---|---|---|
| a Debt Equity Ratio | 1.1 | 1.2 | 1.2 | 1.1 | 1.2 |
| b (i) Debt Service Coverage Ratio (net of proceeds utilised for Refinancing) | 1.5 | 0.8 | 2.5 | 1.2 | 1.3 |
| (ii) Debt Service Coverage Ratio (net of Prepayments & proceeds utilised for Refinancing) | 1.5 | 0.9 | 2.8 | 1.4 | 1.6 |
| c Interest Service Coverage Ratio | 2.9 | 2.6 | 2.8 | 2.8 | 2.7 |
| d Net worth (Rs. crore) | 9717 | 9561 | 9885 | 9717 | 9885 |
| e Net profit after tax (Rs. crore) | 223 | 176 | 218 | 852 | 800 |
| f Earnings per share (Basic and Diluted) not annualised | 1.69 | 1.33 | 1.64 | 6.43 | 6.03 |
| g Current Ratio | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 |
| h Long term Debt to Working Capital | ** | ** | ** | ** | ** |
| i Bad Debt to Accounts Receivable ratio (not annualised) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| j Current Liability Ratio | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 |
| k Total Debts to Total Assets | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| l Debtors Turnover (not annualised) | 1.5 | 1.3 | 1.6 | 7.0 | 7.3 |
| m Inventory Turnover (not annualised) | 3.7 | 3.1 | 2.6 | 9.9 | 7.6 |
| n Operating Profit Margin (%) | 21.7% | 18.8% | 19.9% | 18.4% | 18.2% |
| o Net Profit Margin (%) | 10.1% | 8.5% | 9.8% | 8.6% | 8.2% |
| ISIN | Amt (Rs crore) |
|---|---|
| INE486A14FY5 | 300 |
| INE486A14FZ2 | 150 |
| Particulars | As at 31.03.2026 (Audited) Rs. in crore | As at 31.03.2025 (Audited) Rs. in crore |
|---|---|---|
| ASSETS | ||
| Non-current Assets | ||
| Property, Plant and Equipment (including ROU assets) | 12603 | 12863 |
| Capital work-in-progress | 232 | 95 |
| Investment Property | 102 | 78 |
| Intangible Assets | 75 | 86 |
| Financial Assets | ||
| (i) Investments | 6407 | 6381 |
| (ii) Loans | 933 | 704 |
| (iii) Others | 309 | 278 |
| Other non-current assets | 524 | 500 |
| Total Non-current Assets | 21185 | 20985 |
| Current Assets | ||
| Inventories | 386 | 398 |
| Financial Assets | ||
| (i) Trade receivables | 1401 | 1394 |
| (ii) Cash and cash equivalents | 971 | 430 |
| (iii) Bank balances other than (ii) above | 565 | 578 |
| (iv) Loans | – | 198 |
| (v) Others | 124 | 94 |
| Other current assets | 233 | 180 |
| Total Current Assets | 3680 | 3272 |
| Regulatory deferral account balances (net) | 6510 | 5956 |
| TOTAL ASSETS | 31375 | 30213 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (i) Equity Share capital | 133 | 133 |
| (ii) Other Equity | 9584 | 9752 |
| Total Equity | 9717 | 9885 |
| LIABILITIES | ||
| Non-current Liabilities | ||
| Financial Liabilities | ||
| (i) Borrowings | 6994 | 8329 |
| (i.a) Lease Liabilities | 95 | 88 |
| (ii) Trade Payables | ||
| (a) Total outstanding dues to Micro Enterprises & Small Enterprises | – | – |
| (b) Total outstanding dues of Creditors other than Micro Enterprises & Small Enterprises | 55 | 55 |
| (iii) Consumers’ Security Deposits | 2051 | 1919 |
| Provisions | 577 | 550 |
| Deferred tax liabilities (net) | 2103 | 2193 |
| Other non-current liabilities | 322 | 287 |
| Total Non-current Liabilities | 12197 | 13421 |
| Current Liabilities | ||
| Financial Liabilities | ||
| (i) Borrowings | 4032 | 3236 |
| (i.a) Lease Liabilities | 24 | 24 |
| (ii) Trade Payables | ||
| (a) Total outstanding dues to Micro Enterprises & Small Enterprises | 14 | 11 |
| (b) Total outstanding dues of Creditors other than Micro Enterprises & Small Enterprises | 3336 | 1767 |
| (iii) Others | 1246 | 1187 |
| Other current liabilities | 701 | 627 |
| Provisions | 86 | 50 |
| Current tax liabilities (net) | 22 | 5 |
| Total Current Liabilities | 9461 | 6907 |
| TOTAL EQUITY AND LIABILITIES | 31375 | 30213 |
| PARTICULARS | 2025-26 (Audited) Rs. in crore | 2024-25 (Audited) Rs. in crore |
|---|---|---|
| Cash flow from Operating Activities | ||
| Profit before tax | 1125 | 1062 |
| Adjustments for : | ||
| – Depreciation and amortisation | 678 | 694 |
| – Loss/(Profit) on sale / disposal of Property, Plant and Equipment (net) | (1) | (3) |
| – Gain on sale/fair valuation of current investments (net) | (20) | (14) |
| – Bad debts, advances (net) written off | 40 | 38 |
| – Dividend income | (18) | (18) |
| – Finance costs | 870 | 866 |
| – Interest Income | (113) | (36) |
| – Other non-operating income | (16) | (60) |
| Operating Profit before Working Capital changes | 2545 | 2529 |
| Adjustments for change in: | ||
| – Trade & other receivables | (12) | (17) |
| – Net change in regulatory deferral account balances | (535) | (1135) |
| – Inventories | 12 | 115 |
| – Trade and other payables | 1733 | 615 |
| Cash Generated from Operations | 3743 | 2107 |
| Income Tax paid (net of refund) | (317) | (286) |
| Net cash flow from Operating Activities | 3426 | 1821 |
| Cash flow from Investing Activities | ||
| Purchase of Property, Plant and Equipment / Capital Work-in-Progress / Capital Advances | (742) | (619) |
| Proceeds from Sale of Property, Plant and Equipment | 3 | 9 |
| Investment in subsidiaries including advance for share subscription | (27) | (952) |
| Loans/ Advances Given # | (423) | (1110) |
| Loans/ Advances Refunded | 455 | 53 |
| Sale/(purchase) of Current Investments (net) | 20 | 14 |
| Net movement in Bank Balance (other than cash and cash equivalents) | 13 | (106) |
| Dividend received | 18 | 18 |
| Interest received | 49 | 35 |
| Net cash used in Investing Activities | (634) | (2658) |
| Cash flow from Financing Activities | ||
| Proceeds from Non Current Borrowings * | 300 | 1850 |
| Repayment of Non Current Borrowings * | (1178) | (906) |
| Net movement in Cash credit facilities and other Current Borrowings | 331 | 1152 |
| Payment of Lease Liabilities | (24) | (27) |
| Finance Costs paid | (886) | (871) |
| Dividend paid | (794) | (593) |
| Net Cash used in Financing Activities | (2251) | 605 |
| Net increase/(decrease) in cash and cash equivalents | 541 | (232) |
| Cash and Cash equivalents – Opening Balance | 430 | 662 |
| Cash and Cash equivalents – Closing Balance | 971 | 430 |
| Particulars | Three months ended 31.03.2026 (Audited) (Refer Note 9) (1) | Three months ended 31.12.2025 (Unaudited) (2) | Three months ended 31.03.2025 (Audited) (Refer Note 9 & 10) (3) | Year ended 31.03.2026 (Audited) (4) | Year ended 31.03.2025 (Audited) (5) |
|---|---|---|---|---|---|
| Income from operations | |||||
| Revenue from operations | 4096 | 4005 | 3877 | 18570 | 17001 |
| Other income | 96 | 94 | 153 | 357 | 374 |
| Total income | 4192 | 4099 | 4030 | 18927 | 17375 |
| Expenses | |||||
| Cost of energy purchased | 1505 | 1475 | 1245 | 7622 | 6988 |
| Cost of fuel | 966 | 814 | 936 | 3731 | 4017 |
| Purchase of Stock-in-trade | 10 | 38 | 1 | 107 | 6 |
| Employee benefits expense | 332 | 391 | 273 | 1478 | 1221 |
| Finance costs | 317 | 343 | 335 | 1360 | 1324 |
| Depreciation and amortisation | 304 | 308 | 304 | 1228 | 1205 |
| Other expenses | 540 | 508 | 610 | 2185 | 2080 |
| Total expenses | 3974 | 3877 | 3704 | 17711 | 16841 |
| Profit before regulatory income and tax | 218 | 222 | 326 | 1216 | 534 |
| Regulatory Income (net) | 435 | 163 | 141 | 903 | 1249 |
| Profit before tax | 653 | 385 | 467 | 2119 | 1783 |
| Tax Expenses :- | |||||
| Current Tax | 145 | 94 | 97 | 486 | 419 |
| Deferred Tax /(credit) | 49 | (13) | (16) | 15 | (65) |
| Total tax expense | 194 | 81 | 81 | 501 | 354 |
| Profit for the period | 459 | 304 | 386 | 1618 | 1429 |
| Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | |||||
| – Remeasurement of defined benefit plans (net of tax) | (15) | (3) | (15) | (35) | (21) |
| – Gain/(loss) on fair valuation of investment | (4) | (0) | 3 | (4) | 8 |
| – Deferred Tax on above | – | – | – | 0 | (0) |
| Other Comprehensive income/(expense) for the period | (19) | (3) | (12) | (39) | (13) |
| Total Comprehensive Income for the period | 440 | 301 | 374 | 1579 | 1416 |
| Particulars | Three months ended 31.03.2026 | Three months ended 31.12.2025 | Three months ended 31.03.2025 | Year ended 31.03.2026 | Year ended 31.03.2025 |
|---|---|---|---|---|---|
| Owners of the equity | 439 | 285 | 374 | 1542 | 1370 |
| Non-controlling interest | 20 | 19 | 12 | 76 | 59 |
| Total | 459 | 304 | 386 | 1618 | 1429 |
| Particulars | Three months ended 31.03.2026 | Three months ended 31.