CESC Q4FY2025 (Consolidated) results

• Company reported a revenue of 3,877 crore, a growth of 14.5% y-o-y. It was ahead of our estimates.
• Operating profit margin (OPM) of 23.7% was down 110 bps y-o-y. Operating profit of Rs. 952 crore was down 3.1% y-o-y.
• Adjusted Net profit of Rs. 373 crore declined 6.8% y-o-y but was ahead of our estimates.
• We have a Buy rating on the stock and will come with a note soon. 

Results (Consolidated)                                                    Rs. crore

Actual vs estimates                                   Rs. crore