CESC Limited — Important, 10-01-2025: General Updates

**Investor Update Summary: Q3 FY25**

**Financial Highlights:** CESC reported consolidated revenue of ₹3,957 Cr, a 2.5% increase YoY, with EBITDA rising to ₹1,006 Cr, reflecting a 4.5% increase. PAT decreased by 6.3% to ₹282 Cr. For the nine-month period, consolidated revenue grew by 10.4% to ₹13,345 Cr, while PAT reached ₹1,043 Cr, up from ₹1,032 Cr.

**Strategic Initiatives and Growth Drivers:** CESC aims to expand its renewable energy capacity to 3.2 GW by FY29, diversifying its portfolio. The ongoing investment in renewable generation aligns with India's growing energy demands and the company's sustainability goals.

**Business Developments:** The company secured a letter of intent for acquiring a distribution company in Chandigarh, marking a strategic move to enhance its distribution footprint.

**Market Position and Competitive Advantage:** CESC continues to lead as a fully integrated electrical utility, serving over 4.4 million customers. Its strong performance in Kolkata's distribution network and steady demand growth enhances its competitive positioning.

**Investor Implications:** With sustained revenue growth and strategic emphasis on renewable projects, CESC presents a positive outlook. Investors should watch developments regarding the Chandigarh acquisition and the implementation of renewable capacity, as these could significantly impact future performance.