CESC's net profit zooms to 36.5 percent

Last Updated: Tue, Feb 12, 2013 10:20 hrs

Kolkata, Feb 12 (IANS) Power utility CESC Ltd., an RP-Sanjiv Goenka Group company has posted a 36.49 percent hike in its net profit for the quarter that ended Dec 31, 2012, an official said Tuesday.

The company declared a profit of Rs.101 crore. It was Rs.74 crore for the same period, the previous year.

Profit before tax of the Kolkata-based company stood at Rs. 127 crore for the period under review compared to Rs.92 crore for the same period a year ago.

Total income for the third quarter this fiscal has increased from Rs.1,003 crore to Rs.1,064 crore for the same period a year ago.

Announcing the results, CESC Ltd. vice-president Sanjiv Goenka said the company's net profit zoomed on account of improved efficiency and higher average realisation per unit.

"Improved efficiency led to the lower cost. Fuel cost per unit generated during the quarter could be contained at the same level due to efficient coal management," Goenka said.

"Average realisation for the firm during the period has also increased to Rs.6.50 per unit," Goenka said.

Units sold during the quarter under review were marginally higher by around 1.30 percent compared to corresponding quarter of previous year.

More from Sify: