CESC Ltd. News and Updates

Name: Latest research reports of CESC Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: CESC Ltd.
Rating: 5
Author: Sharekhan

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CESC Ltd.

15 Nov 2019

164.62

1.14%

CESC

Buy: CESC Ltd.

Sharekhan

CESC Limited (CESC) reported strong consolidated Q2FY2020 results with 12.6% y-o-y increase in PAT to Rs. 366 crore, given strong performance of Noida distribution business (132% y-o-y rise in PAT to Rs. 65 crore) and sharp reduction in losses at Dhariwal to Rs. 25 crore (vs. loss of Rs. 63 crore in Q2FY2019). However, standalone performance was muted with marginal 1.5% y-o-y increase in PAT to Rs. 275 crore, given only 1.7% rise in power sales volume. The board of directors has decided not to pursue the demerger of the generation...

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

15 Nov 2019

164.62

1.14%

CESC

Hold: CESC Ltd.

ICICI Securities Limited

Energy sold during Q2FY20, in the standalone business, declined 1.4% at 171.3 crore units vs. our estimate of 182 crore units while realisation was at | 7.7/kWHR vs. our expectation of 7.5 kWHR. Total generation was down 1.9% YoY at 171.3 crore units. Energy purchased was at 165.7 crore units vs. our estimate of 168 crore units. The same has increased YoY by 3.4%....

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

14 Nov 2019

164.62

1.14%

CESC drops plan to demerge power generation and distribution business

Business Standard

Shashwat Goenka inducted to the board of CESC as its vice-chairman and additional director, subject to the necessary approvals

CESC Ltd. is trading below its 150 day SMA of 164.9

Spencer's Retail posts net loss of Rs 40 crore in September quarter

Business Line | 14 Nov 2019

CESC Ltd.

14 Nov 2019

164.62

1.14%

S/ A gen. muted; Noida up on carrying cost recovery

Buy: CESC Ltd.

Target

Motilal Oswal

PAT was up ~13% YoY to INR3.6b in the quarter on carrying cost recovery at Noida (~INR150-200m). For 1HFY20, PAT was Profits at Noida rose YoY to INR790m (v/s est. INR450m) on favorable order Distribution franchisees net loss was slightly higher YoY at INR30m (v/s est. Crescent and Surya (RE)s PAT was higher YoY at INR170m (v/s est. Dhariwals net loss stood at INR250m. While YoY (INR630m loss in 2QFY19), the loss may appear lower; the company has noted that it is on account of re- classification and possible adjustments in the previous year. Generation at Dhariwal was 14% lower YoY at 504MUs. Dhariwal has signed a PPA with Maharashtra for 170MW supply of power from Nov19 for a one-year period. Untied generation capacity and scale-up of DFs have a potential to boost earnings. The stock trades attractively at ~8x FY21E P/E even as visibility of earnings at Dhariwal and DFs improve, and factoring in the tightening of norms at Haldia and S/A.

CESC Ltd. is trading above its 100 day SMA of 154.6

CESC Ltd.

01 Oct 2019

164.62

1.14%

CESC's Budge Budge has the best plant load factor in India

Business Line

According to CESC, the PLF was around 96.80 per cent in August 2019

CESC Ltd. is trading above its 100 day SMA of 154.6

CESC Ltd.

19 Aug 2019

164.62

1.14%

CESC

Buy: CESC Ltd.

Sharekhan

CESC Limited's (CESC) standalone Q1FY2020 profit after tax (PAT) rose strongly by 18% y-o-y to Rs. 217 crore led by higher power sales volume (up 8% y-o-y) and improved realization (up 1.2% y-o-y). The company started reporting consolidated financials from Q1FY2020 and consolidated PAT rose by only 9.4% y-o-y to Rs. 232 crore as strong performance from standalone business was partially offset by lower profit contribution from subsidiaries. We believe that CESC is trading at an attractive valuation of 9.1x FY2021E EPS and 0.9x...

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

16 Aug 2019

164.62

1.14%

CESC sees best day in nearly 2 months after Q1 profit jump

Business Line

Shares of CESC Ltd rose as much as 6.3 per cent to Rs 811.95, their biggest daily percentage gain since May 20.The electric utility company on Wednesd

CESC Ltd. is trading above its 100 day SMA of 154.6

CESC Ltd.

16 Aug 2019

164.62

1.14%

CESC

Hold: CESC Ltd.

Recommendation

ICICI Securities Limited

Energy sold during Q1FY20, in the standalone business declined 7.6% at 305.7 crore units vs. our estimate of 284.7 crore units while realisation was at | 7.7/Kwhr vs. our expectation of |7.5 Kwhr. Energy purchased was at 177.4 crore units vs. our estimates of 165 crore units. The same has increased YoY by 10.3%. On a plant wise basis, Budge Budge plant generated 157.6 crore units while Southern generated 14.2 crore units for Q1FY20. Hence, total generation was at 171.8 crore units for Q1FY20. On the PLFs side, Budge Budge plant reported 96.2% while southern plant reported...

CESC Ltd. is trading above its 100 day SMA of 154.6

CESC Ltd.

14 Aug 2019

164.62

1.14%

CESC's net profit rises 7.44% to Rs Rs 231 cr in Q1, revenue up 8%

Business Standard

The net profit stood at Rs 215 crore in the corresponding quarter of the last fiscal

CESC Ltd. has an average target of 195.00 from 1 broker.

CESC profit rises 18% to 217 crore

Business Line | 14 Aug 2019

CESC Ltd.

14 Aug 2019

164.62

1.14%

Standalone ops gain from higher demand; subs weak

Buy: CESC Ltd.

Target

Motilal Oswal

Standalone (S/A) PAT grew by a healthy ~18% YoY to INR2.2b (our estimate: INR1.9b), led by higher sales (up ~8% YoY to 3.1BU) due to strong demand (likely because of seasonal factors). T&D; losses are estimated to have remained steady at ~9-10%. CESC has started reporting consol. quarterly performance from this quarter. Consol. PAT was up ~9% YoY to INR2.3b in 1QFY20....