CESC Q4 results 2026: Date, revenue and PAT estimates

What investors are tracking ahead of Q4 FY26

CESC (NSE: CESC) is preparing to announce its fourth-quarter FY26 results for the period ended March 31, 2026. The company has indicated that its board of directors is scheduled to meet in May 2026 (expected) to approve audited financial statements for the quarter and full year. The same meeting is expected to consider a recommendation for a final dividend for FY26, which would go to shareholders for approval.

The announcement matters because the stock has been under pressure over the past year. CESC is trading around ₹160 in early April 2026, compared with a 52-week high of ₹208 and a 52-week low of ₹130. The company’s one-year return is reported at -16%, with a market capitalisation of about ₹21,200 crore. With FY27 expectations likely to be framed around this Q4 print and management commentary, the May board meeting is an important near-term event on the calendar.

Q4 FY26 results date and board meeting context

CESC has scheduled its Q4 FY26 results for May 2026 (expected), as per the preview note in the provided text. The board meeting is expected to approve audited consolidated financial statements for the quarter and year ended March 31, 2026. The note also states that the trading window for designated employees is closed until 48 hours after the results announcement, in line with SEBI regulations.

Separately, the “past events” list in the data also highlights an Extraordinary General Meeting on March 29, 2026. It also shows earlier earnings releases and board meetings on February 6, 2026 (Q3 FY26) and October 17, 2025 (Q2 FY26). These dates provide context for how the company has been following the usual reporting and governance timetable.

Street estimates for Q4 FY26: revenue, PAT and margin

Brokerages named in the preview include MOFSL, YES Securities and JM Financial, among others, as having published Q4 FY26 preview estimates. The consensus range in the text pegs Q4 FY26 revenue at ₹3,600–3,900 crore. Profit after tax (PAT) expectations are given at ₹290–330 crore, with PAT margin estimates of 8–9%.

The same preview compares Q4 estimates with Q3 FY26, citing Q3 revenue of ₹3,418 crore and PAT of ₹278 crore, and mentions a PAT margin of 8.1% for Q3. It also flags an expectation of 8–12% year-on-year revenue growth for the quarter ending March 31, 2026.

What CESC reported in Q3 FY26 (as filed)

CESC announced its Q3 FY26 results after a board meeting held on February 6, 2026. For the quarter ended December 31, 2025, the company reported standalone revenue of ₹2,024 crore and standalone net profit of ₹176 crore. The text also states that standalone revenue from operations was ₹2,024 crore in Q3 FY26, compared with ₹1,938 crore in the corresponding quarter of the previous year, and net profit was ₹176 crore versus ₹172 crore in Q3 FY25.

On a consolidated basis, CESC reported revenue from operations of ₹4,005 crore for Q3 FY26, with consolidated net profit of ₹304 crore. Consolidated EPS for the quarter is stated at ₹2.15. The company also reported nine-month revenue of ₹7,562 crore (as presented in the provided text).

Dividend-related points investors will watch

The preview note says CESC is expected to consider a final dividend for FY26 at the May 2026 (expected) board meeting, with an expected range of ₹5–7 per share. Separately, the company declared an interim dividend of ₹6 per equity share on October 17, 2025, which was paid during the current quarter (as stated in the text).

Dividend actions are typically read alongside cash flow strength and capital allocation priorities. In the CESC context, the May meeting is positioned as a combined event covering audited results and dividend recommendation.

Analyst ratings and price targets cited

The preview includes a broker table and positions it as a “share price snapshot and analyst ratings” ahead of Q4 FY26 results. Cited ratings and targets include: MOFSL (Neutral, ₹175), YES Securities (Buy, ₹190), JM Financial (Add, ₹180), and ICICI Direct (Neutral, ₹168). The same section reiterates the stock price around ₹160, with the 52-week range of ₹130 to ₹208 and market cap at ₹21,200 crore.

Operational and cost context referenced in the data

The text states that in the year ending March 31, 2025, the company spent 7.79% of its operating revenues toward interest expenses and 7.18% toward employee cost (source cited as consolidated financials). These cost ratios provide a simple reference point investors may use when reading the upcoming margin and profitability commentary.

The annual report excerpt in the provided material also references retained earnings as per standalone financial statements at ₹10,179 crore as on March 31, 2025, compared with ₹10,206 crore as on March 31, 2024.

Disclosures beyond results: investor conferences in February 2026

CESC also notified stock exchanges about participation in three investor conferences in Mumbai in February 2026. The schedule provided lists Systematix India Annual Conference (February 9, 2026), Nuvama India Investor Conference (February 10, 2026), and Axis Capital Flagship India Conference (February 12, 2026). The disclosure is described as being filed under SEBI Regulation 30 and notes that all three were physical investor group meetings.

While these conferences are not earnings events, such disclosures can shape how investors interpret management commentary, particularly when followed by a quarterly result.

Key numbers table: Q3 reported vs Q4 estimates (as stated)

Timeline: key recent events listed

Market impact: what the estimates imply (without assuming outcomes)

The estimate band of ₹3,600–3,900 crore revenue and ₹290–330 crore PAT sets clear reference points for how the market may frame “in line” versus “miss” outcomes once CESC reports. The stock’s recent range and the one-year return of -16% underline why investors are focusing on the print and any guidance commentary.

The preview also highlights that Q4 is seasonally important for companies because it often includes year-end execution and dividend recommendations. For CESC specifically, the May board agenda combines audited results and capital return discussion, making it a single window for investors to assess both performance and payout signals.

Conclusion

CESC’s Q4 FY26 results are expected in May 2026, with broker estimates calling for revenue of ₹3,600–3,900 crore and PAT of ₹290–330 crore, alongside a PAT margin expectation of 8–9%. The company’s latest filed quarter (Q3 FY26) reported consolidated revenue of ₹4,005 crore and consolidated net profit of ₹304 crore, while standalone revenue stood at ₹2,024 crore with net profit of ₹176 crore. The next confirmed step remains the board meeting in May 2026 (expected) for audited results approval and consideration of a final dividend recommendation for FY26.