Business Standard

CESC Ltd News

Power shares in demand; Adani, Torrent, CESC rally up to 10% on July 9

Analysts expects the new power minister to continue focusing on infrastructure upgrades, transformer replacements and improving the financial condition of power discoms

Power shares in demand; Adani, Torrent, CESC rally up to 10% on July 9
Updated On : 09 Jul 2024 | 10:43 AM IST

CESC Ltd Q4 result: PAT declines 7% to 415 cr, total income at Rs 3,460 cr

CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income. It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing. The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23. During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago. For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said. The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024. CESC is into generation, transmission, and distribution of electrical power.

CESC Ltd Q4 result: PAT declines 7% to 415 cr, total income at Rs 3,460 cr
Updated On : 23 May 2024 | 8:07 PM IST

Nifty SmallCap up 16% in 1 month; key levels to watch on overbought stocks

Apar Industries, CESC, Glenmark, Jubilant Pharma and Power India are trading in overbought zone; charts suggest bias to remain positive as long as these support levels hold.

Nifty SmallCap up 16% in 1 month; key levels to watch on overbought stocks
Updated On : 09 Apr 2024 | 12:12 PM IST

CESC Q3 net profit falls 10% to Rs 301 crore due to higher expenses

Power utility CESC Ltd's consolidated net profit dipped over 10 per cent to Rs 301 crore in the December quarter, mainly due to higher expenses. Its consolidated net profit was Rs 336 crore in the quarter ended December 2022, a BSE filing showed. The total expenses rose to Rs 3,497 crore in the quarter under review from Rs 3,141 crore in the year-ago period. The company's total income rose to Rs 3,301 crore in the quarter against Rs 3,224 crore a year ago. The Board has declared an interim dividend of Rs 4.50 per equity share (i.e., 450 per cent) on the paid-up equity share capital of the company. The record date to ascertain the eligibility of members to receive the said interim dividend is February 1, 2024. The Board, in its meeting on Friday, also approved the appointment of Arjun Kumar as a non-executive director in the category of an Independent Director of the company for a term of five years with effect from January 19, 2024. Kumar is not related to any Director of the co

CESC Q3 net profit falls 10% to Rs 301 crore due to higher expenses
Updated On : 19 Jan 2024 | 5:44 PM IST