CESC Ltd Q2 profit jumps 2% at Rs. 247 crore

CESC Ltd Q2 profit jumps 2% at Rs. 247 crore
10/11/2017 , by , in ALLIED

Power utility company CESC Ltd on Wednesday reported 2% increase in its standalone net profit to Rs. 247 crore in the quarter ended 30 September. The company’s standalone net profit was Rs. 242 crore in the quarter ended 30 September 2016, CESC Ltd said in a BSE filing.

According to the statement, total income of the company rose to Rs. 2,123 crore in the September quarter compared to Rs. 2,048 crore in the same period last year.

During the April-September period, the company’s net profit rose to Rs. 425 crore from Rs. 416 crore in the corresponding period last fiscal. The company had reported a net profit of Rs. 863 crore in the fiscal ended on 31 March 2017.

The company’s total income rose to Rs. 4,347 crore in first half of this fiscal from Rs. 4,086 crore in the same period previous fiscal. Its total income was Rs. 7,367 crore in the last fiscal. The company is engaged in generation and distribution of electricity and does not operate in any other reportable segment, it added.

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