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Hold CESC; Target Of Rs 727: ICICI Direct moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
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. ....
Read more about CESC sizzles after Q3 PAT rises 24% YoY on Business Standard. CESC gained 1.1% to Rs 669.15 after the power utility s consolidated net profit grew by 24.7% to Rs 328 crore on an 8.3% rise in revenue from operations to Rs 2539 crore in Q3 December 2020 over Q3 December 2019. ....
CESC Q3 profit rises 3% to ₹182 crore January 13, 2021 × Despite a near flat standalone revenue, RP-Sanjiv Goenka Group flagship, CESC Ltd reported an over 3 per cent jump in net profit to ₹182 crore for the third quarter ended December 31, 2020. Net profit in the corresponding quarter last fiscal stood at ₹176 crore. The company’s standalone revenue from operations, for the period under review, stood at ₹1,659 crore, a less than one per cent YoY increase over ₹1,648 crore it reported in the year-ago-period. On a consolidated basis, the net profit saw a near 25 per cent jump to ₹328 crore, YoY, on an over 8 per cent rise in revenue from operations to ₹2,539 crore in Q3FY21. ....