CESC Ltd.

NSE: CESC | BSE: 500084 | ISIN: INE486A01021 | Industry: Power - Electric Utilities
| Strong Performer
166.8400 -1.35 (-0.80%)
NSE Sep 23, 2025 15:31 PM
Volume: 4.1M
 

logo
CESC Ltd.
14 Nov 2019
166.84
-0.80%
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.
Sharekhan released a Buy report for CESC Ltd. with a price target of 195.0 on 10 Sep, 2025.
More from CESC Ltd.
Recommended