CESC Limited has announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The Board of Directors, which met on May 06, 2026, approved the standalone and consolidated results, along with the continuation of a key director.

Financial Performance Overview

For the fiscal year 2025-26, the company reported a consolidated profit for the period of Rs. 1618 crore, up from Rs. 1429 crore in the previous year. On a standalone basis, the profit for the year increased to Rs. 852 crore from Rs. 800 crore in the corresponding period last year. Total consolidated income for the year rose to Rs. 18927 crore from Rs. 17375 crore in FY25, while standalone total income stood at Rs. 9939 crore compared to Rs. 9765 crore.

Standalone Financial Results

The standalone financial results for the year ended March 31, 2026, reflected growth in revenue from operations, which reached Rs. 9732 crore. The company reported a profit before tax of Rs. 1125 crore for the year. The Earnings Per Share (EPS) on a standalone basis for the year was recorded at Rs. 6.43, compared to Rs. 6.03 in the previous year.

Consolidated Financial Results

The consolidated results encompass the performance of the parent company and its subsidiaries. Revenue from operations for the group stood at Rs. 18570 crore for the year ended March 31, 2026. The profit attributable to the owners of the equity was Rs. 1542 crore, while non-controlling interest accounted for Rs. 76 crore. The consolidated EPS for the year was Rs. 11.63.

Board Decisions and Corporate Governance

In addition to the financial results, the Board approved the continuation of Mr. Paras Kumar Chowdhary as a Non-Executive/Independent Director. Mr. Chowdhary, who will attain the age of 75 years on October 1, 2026, will continue his directorship subject to the approval of the members at the forthcoming Annual General Meeting. The Board meeting commenced at 3.30 p.m. and concluded at 4.45 p.m. on May 06, 2026.

CESC Limited has successfully executed power purchase agreements for wind-solar hybrid power projects with a combined capacity of 600 MW, marking a significant step in the company's renewable energy procurement strategy. The agreements were signed with four entities following a competitive bidding process conducted in accordance with Ministry of Power guidelines, with subsidiary Purvah Green Power Private Limited securing half the total capacity.

Power Purchase Agreement Details

The company has entered into long-term power procurement contracts with multiple entities for grid connected wind-solar hybrid power projects. These agreements represent CESC's commitment to expanding its renewable energy portfolio through strategic partnerships.

Contract Terms and Commercial Considerations

All four power purchase agreements will remain in force for a period of 25 years, providing long-term energy security for CESC Limited. The tariffs are competitively priced, ranging from ₹3.74 per kWh to ₹3.75 per kWh, reflecting the competitive bidding process outcomes.

The agreements cover the supply of wind-solar hybrid power on a long-term basis, with all entities being domestic companies. This aligns with the government's focus on promoting renewable energy through domestic partnerships and investments.

Regulatory Compliance and Related Party Transactions

The power purchase agreements were executed following the competitive bidding process as per the "Guidelines for tariff Based Competitive Bidding Process for procurement of Power from Grid Connected Wind Solar Hybrid Power Projects" dated August 21, 2023, issued by the Ministry of Power, Government of India.

Notably, Purvah Green Power Private Limited is a subsidiary of CESC Limited, making this a related party transaction. However, the company has confirmed that this 300 MW wind-solar hybrid power project was awarded through tariff-based competitive bidding and is conducted on an arm's length basis in the ordinary course of business.

Strategic Implications

These power purchase agreements represent CESC Limited's strategic move to diversify its energy portfolio with renewable sources. The 600 MW total capacity from wind-solar hybrid projects will contribute significantly to the company's clean energy objectives while ensuring competitive pricing through the bidding process.

The inclusion of both subsidiary and third-party entities in the agreements demonstrates a balanced approach to renewable energy procurement, combining internal capabilities with external partnerships to achieve optimal capacity and pricing outcomes.