Power utility CESC Ltd on Thursday reported a 7% dip in its consolidated net profit to Rs 385 crore in the March quarter compared to a year ago, mainly on lower deferred tax credits and regulatory income. The company had posted a consolidated net profit of Rs 415 crore in the quarter ended on March 31, 2024, according to a regulatory filing.
However, the total income rose to Rs 4,030 crore during the quarter from Rs 3,460 crore in the same period a year ago.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The results show that regulatory income declined to Rs 140 crore in the quarter against Rs 572 crore in FY24.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Its deferred tax credits also dipped to Rs 16 crore in the March quarter as compared to Rs 37 crore in the preceding fiscal.
During the fiscal 2024-25, the consolidated net profit dipped to Rs 1,428 crore from Rs 1,447 crore in the previous financial year.
Its deferred tax credits also dipped to Rs 16 crore in the March quarter as compared to Rs 37 crore in the preceding fiscal.
The company's Board of Directors also took on record the voluntary liquidation process of Au Bon Pain Cafe India Ltd., a subsidiary of the company.
ABPCIL is not a material subsidiary of CESC Ltd. and dissolution of this subsidiary will not affect any business of CESC Ltd., the company said.
The group is primarily engaged in the generation and distribution of electricity and does not operate in any other reportable segment.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
