CESC Q2 FY27: Revenue Up 6% to ₹11,245 Cr, PAT ₹857 Cr; Acquires 1.4 GW Renewable Portfolio for ₹4,859 Cr
CESC's H1 FY27 consolidated revenue increased 6% YoY to ₹11,245 Cr, with PAT at ₹857 Cr. Q2 FY27 consolidated revenue grew 6% to ₹5,686 Cr. The company is acquiring a 1.4 GW renewable portfolio for ₹4,859 Cr, expected to close by Nov 21, 2026. Noida Power's Q2 FY27 revenue rose 14% to ₹1,002 Cr.
The acquisition of a substantial renewable energy portfolio at a significant enterprise value is a major strategic development that will impact the company's future growth and business mix.
The company has reported revenue growth, improved operational efficiency in distribution, and made a significant strategic acquisition in the renewable energy sector, all contributing to a positive outlook.
CESC Limited has reported strong financial performance for the half-year ended September 30, 2026 (H1 FY27).
Consolidated revenue for H1 FY27 grew by 6% year-on-year to ₹11,245 crore, with consolidated Profit After Tax (PAT) standing at ₹857 crore. In the second quarter (Q2 FY27), consolidated revenue increased by 6% to ₹5,686 crore, while PAT was ₹438 crore, a slight decrease from ₹448 crore in Q2 FY26. The company's standalone revenue for Q2 FY27 rose by 7% to ₹2,914 crore, with PAT at ₹256 crore, up from ₹242 crore in the prior year's quarter.
Key operational highlights include a 14% year-on-year revenue increase for Noida Power (NPCL) to ₹1,002 crore in Q2 FY27, with sales volume growing by 11% to 1,285 MU. Transmission and Distribution (T&D) losses for NPCL were reduced to 6.98% in Q2 FY27 from 8.16% in Q2 FY26. CESC Limited was recognized as India's 3rd best-ranked power distribution utility by the Ministry of Power. Chandigarh Power (CPDL) reported a 10% YoY revenue increase to ₹341 crore in Q2 FY27, with sales volume up 6% to 603 MU.
In a significant strategic move, CESC has entered into a Share Purchase Agreement (SPA) with ReNew to acquire a 1.4 GWp operating renewable portfolio at an enterprise value of ₹4,859 crore. This acquisition is expected to close before November 21, 2026, and will accelerate Purvah Green's transformation into a platform generating recurring contracted cash flows. Purvah Green also received two Letters of Award (LOA) from SECI for a 175 MW Wind Project and a 70 MW RTC project in August 2026, and has signed a PPA for a 250 MW project, including a 25-year PPA for 49.5 MW Wind Project with Prism Johnson.
The company's thermal power plants, Haldia Energy Limited (HEL) and Budge Budge Generating Station (BBGS), continue to perform well, with HEL ranking first nationally and BBGS among the top 10 power plants in terms of Plant Load Factor (PLF) as per CEA rankings. The consolidated balance sheet as of September 30, 2026, shows total assets of ₹47,882 crore.
What to do with a filing like this
CESC Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by CESC Limited. Read the original for the full detail.