CESC Q3 EBITDA rises 28%, margins expand to 20.1%

CESC Limited on Friday, February 6, reported a steady improvement in its operating performance for the December quarter, with revenue and profitability rising on a year-on-year basis, supported by margin expansion.

For the third quarter of the financial year 2026, the company posted a 7.5% rise in its net profit to ₹285 crore from ₹265 crore in the same quarter last year. Revenue from operations increased 12.5% to ₹4,005 crore, compared with ₹3,561 crore a year earlier.

Operating performance strengthened during the quarter, with EBITDA jumping 27.7% YoY to ₹779 crore from ₹610 crore in the December quarter last year. As a result, EBITDA margin expanded to 19.5% from 17.1% in the corresponding period last year.

In Q2FY26, the power utility major reported a 20.4% YoY increase in net profit to ₹425 crore, up from ₹353 crore in the same period last year. Revenue for Q2 grew 12% to ₹5,267 crore from ₹4,700 crore in the previous year period. EBITDA rose 18.4% to ₹1,061 crore from ₹896 crore a year earlier. EBITDA margin expanded to 20.1% from 19% in the same period last year.

Following the Q3 results announcement, shares of CESC were trading 1.11% down at ₹151.67 apiece around 2.20 pm. The stock has dropped 11% in the past month. 

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