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CESC consolidated net profit rises 25% to Rs 328 crore in December quarter

Power utility CESC Ltd on Wednesday reported a 25-per cent on-year rise in consolidated net profit to Rs 328 crore for the December quarter. The company s bottomline stood at Rs 263 crore in the corresponding period a year ago, it said in a regulatory filing. Revenue from operations rose during the quarter to Rs 2,539 crore against Rs 2,344 crore in the October-December quarter in 2019-20. The Kolkata-based power utility s fuel and interest costs lowered during the repoting period, while the cost for electricity increased. CESC s standalone profit was marginally higher at Rs 182 crore in the quarter to December. The company s board has announced Rs 45 per share as interim dividend.

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