CESC Q4 Result: Net Profit Falls 7%
CESC Ltd's Q4 net profit drops by 7% to Rs 415 crore, despite higher income, with total income rising to Rs 3,460 crore.
CESC Ltd on Thursday reported a 6.74% 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.
